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Article: Dublin firm places '470m order for ships.
- Article from:
- Evening Herald (Dublin, Republic of Ireland)
- Article date:
- August 14, 2008
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A DUBLIN based shipping company is buying 14 new ships in a '470m order with Chinese and Korean shipbuilders.
The $700m deal involving D'Amico Ireland is the biggest single investment in expansion plans totalling more than $1bn ('670m) by seven Irish based shipping groups.
D'Amico Ireland, which is listed on the Italian stock exchange, is relocating to new offices on Sir John Rogerson's Quay to accommodate its Irish expansion plans.
In 2008, D'Amico also announced a joint Irish-based venture with Glencore, "Glenda International" which has resulted in a commitment by both groups to build 10 new medium range "parcel" tankers.
Paolo ...