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DryShips agrees to sell 17 vessels for $377m

Marine transportation services provider DryShips has signed a series of firm sales agreements to sell its 17 vessels for $377m. The deals were reached with entities controlled by the company’s chairman and CEO George Economou. The 13 Capesize and four Panamax bulk carriers are part of the transaction, including existing ...

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Deltamarin launches new DeltaLinx ferry design

Finnish ship design firm Deltamarin has launched a new ferry design, DeltaLinx, to enable easy operations in small ports and congested harbours. Launched during the BaltExpo 2015 exhibition in Gdansk, Poland, the new design places emphasis on minimal environmental footprint and features high-lift rudders and bow thrusters for manoeuvring in ...

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Bulk Delivery Rate Sinks to Lowest Mark

Reports indicate that the global shipbuilding market is facing rough weather as new-build deliveries fall behind schedule. According to shipping solutions provider Clarksons, in September, new-build bulker delivery reached 36%, the lowest level so far this year. Cumulative delivery rate in the period between January and September 2009 came to ...

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Malawi Opens Trade Waterway to Indian Ocean

Malawi has opened a waterway linking inland countries to the Indian Ocean, which will increase trade opportunities for neighbouring Zambia and Zimbabwe. The Nsanje World Inland Water Port is part of the 238km Shire-Zambezi River waterway, which follows the Shire River from Lake Malawi to the Zambezi River in Mozambique. ...

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US and China Strike Agreement on Hazmat Transport

The US has signed a cooperative agreement with China to ensure the safe transport of hazardous materials across all modes of transportation – from seaports and aviation to rail and highway. US Secretary of Transportation Ray LaHood joined China’s Minister of Transport Li Shenglin to sign the agreement, which is ...

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First remote-controlled ferry could be launched by 2020, says Rolls-Royce official

Rolls-Royce Marine Innovation vice-president Oskar Levander has predicted that the first remote-controlled ferry demonstrator could be launched within the next four to five years. The future advancement in the maritime industry was announced by Levander ahead of the 40th annual Interferry conference- themed technical innovations, to be held in October ...

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