This week's top stories on ShippingWatch

This week's biggest news was the new 2M collaboration between MSC and Maersk Line, while Maersk Oil also made a surprising announcement. The Nicaragua Canal has entered a new phase and the industry's sulphur alliance was born.
Photo: Torben Strøyer, Polfoto
Photo: Torben Strøyer, Polfoto

Plan B presented

On Thursday Maersk Line and MSC announced what is seen as Plan B for the collapsed P3 alliance: 2M:

Maersk and MSC in new major deal following death of P3 

Analysts: New agreement is Maersk's best shot

SeaIntel: Agreement is bad news for CMA CGM

Maersk Executive: Why MSC is the best partner for us

Shippers to study 2M agreement

Drewry: 2M not a disaster for competitors

Struggling in Brazil

Maersk Oil had to perform a huge impairment in the same week, as the company abandons hopes of Brazilian growth:

Maersk Oil performs massive Brazilian impairment

Smedegaard: Giving up hopes of Brazilian oil success

The Panama Canal's nightmare

The competitor to the Panama Canal, the large-scale Nicaragua Canal project, has now been approved:

Plan for the Nicaragua Canal will be presented today

Plan for the Nicaragua Canal approved

Photo: Esteban Felix
Photo: Esteban Felix

Photo: Esteban Felix

Environment enters the field

The Trident Alliance has now been officially established with numerous Scandinavian members, while Scandlines and DFDS both received good news from the EU:

Sulphur alliance between leading carriers now a reality

DFDS gets USD 8.6 million from the EU for scrubbers

Scandlines gets green millions from the EU

Further reading

Niras looking to make billions on wind turbine scrapping

What sets apart the world's three gas giants

Norwegian shipping companies growing on the stock exchange

Skuld aiming for USD 1 billion revenue by 2020 

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Further reading