Last week's top stories on ShippingWatch

Pacific Basin's CEO speaks of better days ahead for dry bulk, while J. Lauritzen starts working for real toward strengthening its gas business. Israel is building a rival for the Suez Canal, and a much-anticipated merger was finally approved.

Photo: Pacific Basin

The dry bulk players

One of the world's largest dry bulk operators, Pacific Basin, is in a strong position to benefit from an improving market, says CEO Matts Berglund, while J. Lauritzen is getting ready to kick-start Lauritzen Kosan after a series of breached contracts hit the carrier where it hurts:

Pacific Basin: Bulk on the edge of a turn-around

Lauritzen CEO: Time for Lauritzen Kosan to grow 

PSA take-over of PB Towage is imminent 

Green light for merger

A big majority of CSAV shareholders approved the merger with German Hapag-Lloyd at a General Assembly:

Majority of CSAV shareholders approve Hapag-Lloyd

Drewry: Rivals fear German-Chilean container merger

Hapag-Lloyd hit by weak market in 2013

A rival for the Suez Canal

Israel plans to launch the construction of railroad link to transport containers between the Red Sea and the Mediterranean:

Israel building alternative to the Suez Canal 

Analysts: Israeli railroad will relieve Suez

Further reading:

Extreme weather makes EQT believe in huge StormGeo growth 

Stolt-Nielsen: Equity funds could start new crisis

Sovcomflot: Isolating Russia is not an option

Thorco: Bigger ships open up for new business 

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