Italian Owner Taps China Shipbuilder

Rizzo-Bottiglieri-De Carlini Armatori SpA (RBD Armatori), an Italian shipping company, reportedly signed a $180m contract with Shanghai Waigaoqiao Shipyard, for two 177,000-dwt ships, which will be the largest ships in the Italian company's fleet, according to a report on China Knowledge. The ships are reportedly scheduled for deliver in 2009 and 2011.