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Italian Owner Taps China Shipbuilder

Maritime Activity Reports, Inc.

February 5, 2008

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.

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