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28/03/2014at 15:29

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
Photo: Pacific Basin
BY KATRINE GRØNVALD RAUN

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 

Related articles:

  • Photo: Pacific Basin

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

  • Photo: Josef Polleross

    Israel building alternative to the Suez Canal

    For subscribers

  • Sovcomflot: Isolating Russia is not an option

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Featured
Foto: Magnus Møller

Eitzen son wants to electrify shipping as new CEO of Christiania Shipping

New Christiania Shipping CEO Fridtjof C. Eitzen maintains that acquisitions are on hold after a record year. The 36-year-old marine engineer, fifth generation in the Eitzen dynasty, wants to electrify shipping.
  • Eitzen Group buys Norwegian marine tech company
  • Axel C. Eitzen passes torch to son following record-breaking year in Christiania Shipping

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Mads Drejer, driftsdirektør hos Scan Global Logistics | Foto: Pr-foto Scan Global Logistics
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Foto: Jon Nazca/Reuters/Ritzau Scanpix
Container

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Sultan Ahmen Bin Sulayem commands Dubai-based DP World. | Foto: DP World
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Foto: Jens Dresling
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Further reading

Foto: Jon Nazca/Reuters/Ritzau Scanpix
Container

Carriers are becoming more punctual following massive delays during the pandemic

The 14 leading carriers improved their schedule reliability in 2022, shows new report. But pre-pandemic levels are still far away.

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Foto: Magnus Møller
Featured

Eitzen son wants to electrify shipping as new CEO of Christiania Shipping

New Christiania Shipping CEO Fridtjof C. Eitzen maintains that acquisitions are on hold after a record year. The 36-year-old marine engineer, fifth generation in the Eitzen dynasty, wants to electrify shipping.

For subscribers

Palle Laursen has spent almost his entire career at Maersk where he began as a maritime engineer in 1998. He now retires as chief of fleet. | Foto: Maersk
Container

Maersk's chief of fleet leaves after 25 years as reshuffling continues

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  • French shipping tycoon ramps up M&A hunt with eye on Bollore arm – 15:41
  • Stolt-Nielsen plans listing for Stolt Tankers in 2023 – 15:37
  • Eitzen son wants to electrify shipping as new CEO of Christiania Shipping – 15:31
  • New owner to improve Scan Global Logistics’ acquisition abilities – 15:23
  • DP World expects uncertain growth developments in 2023 – 14:08
  • Carriers are becoming more punctual following massive delays during the pandemic – 13:10
  • EU project aims to make marine fuels with green energy – 10:56
  • Scan Global Logistics sold to private equity firm – 08:50
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Jobs

  • Foundation Package Manager - Offshore wind industry

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