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This week's top stories on ShippingWatch

The much-anticipated P3 alliance received good news from the EU Commission, the dry bulk market continues to trouble the carriers, while Maersk Line and DHI talked about expectations for the planned Nicaragua Canal.

Final P3 approval getting closer

This week the alliance between Maersk Line, MSC, and CMA CGM was cleared by the EU Commission and can likely expect an approval from China this month:

EU clears the P3 alliance

Wall Street Journal: China to approve P3 in June

Drewry: P3 ports in Europe something of a puzzle

Dry bulk to be saved by mines?

The dry bulk market continues to trouble the carriers, but good news could be on the way:

Bimco: Greek shipowners mad about bulk

A quarter billion tons of iron ore into the bulk market

The Nicaragua river of gold

If the planned canal through Nicaragua becomes a reality, many companies are eager to get a piece of the action:

Maersk Line supports the Nicaragua Canal

Industry working to get a slice of the Nicaragua Canal

Further reading:

Novenco: Offshore market is a threat

EMS fears Supreme Group's acquisition plans

Ardmore: Order boom in MR product tankers is over

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