Shipping company d'Amico Societa' di Navigazione has placed orders for dry cargo ships totaling $290 million, a senior official said, as it sees ship building prices near a bottom and expects a recovery in freight demand.

HONG KONG (Dow Jones)–China Rongsheng Heavy Industries Group Holdings Ltd. (1101.HK) received an order for 10 Suezmax oil tankers from Global Union Shipping Ltd., the Chinese private shipbuilder said Thursday,...

The Panama Canal Authority has ordered 14 new tugs in anticipation of increased traffic and larger vessels expected with the 2014 completion of the Third Set of Locks expansion project. ...