Shipping Asset Management heads to STX

Switzerland’s Shipping Asset Management (SAM) has made its first newbuilding order. The Swiss company has booked four 57,200 dwt supramax bulkers for around $30m a unit for delivery in 2012 and 2013. The deal has been done at STX Offshore & Shipbuilding.


The quartet will boost the two-year-old company’s fleet to 10 ships.
(Source:http://www.seatrade-asia.com)