D’Amico Shipping On $290 Million Bulker Buying Spree

By Silvia Antonioli and Agnieszka Flak LONDON/MILAN, Aug 27 (Reuters) - 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. One of the world's leading privately owned marine transport companies, it … [Read more...]

China Rongsheng Receives Order For 10 Suezmax Tankers From Global Union

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 order comes as the global shipping industry has entered a downturn because of slower international trade. China's largest non-state-owned shipbuilder said in a … [Read more...]

Panama Canal Orders 14 New Tugs

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.  The $158.3 million construction contract was awarded to Astilleros Armon S.A. of Spain, who beat out nearly 20 other bidders from countries in South America, Europe and Asia. The contract … [Read more...]