This week's top stories on ShippingWatch

Negotiations concerning the crucial climate agreement, two major container mergers, another big slide in the oil price and a new development in the MAN Diesel & Turbo case are among this week's top stories on ShippingWatch.

Shipping and the final climate agreement

The major drama concerning a new global climate agreement is in full play in Paris, with shipping and aviation being tossed in and out of the final text. Latest status has shipping not included in the draft for a finalized agreement:

Maersk and EU want shipping back in climate agreement

Major container merger cleared

The merger between China's two major container carriers, Cosco and CSCL, has been long underway, and this week the move was cleared by the country's authorities. Chinese state TV confirmed the fact on Thursday:

Chinese container merger is a Christmas bonus for 2M 

Chinese container merger is a Christmas bonus for 2M

Cosco heralds significant full-year deficit

Container acquisition will lead to alliance reshuffle



Oil price continues to slide

The oil price is currently hovering at a new and lower level of around USD 40, after tumbling around at close to USD 50 for a while:

Clarksons Platou: Oil at USD 40 will shut down North Sea fields

Analysts see oil price plunging through 2008-low

Another chapter in the MAN Diesel & Turbo case

MAN's manipulation of fuel tests does not just date back to 2006, as reported so far. Engines delivered years before have also had their fuel data manipulated, according to documents which ShippingWatch has gained access to:

MAN engine manipulation more extensive than first assumed 

Further reading:

Has the world seen the last Valemax newbuilding?

Port of Hamburg hit by the crisis in the container industry

Introducing Maersk's lobbyist with one agenda: Sulfur

Rating bureau losing faith in the shipping industry 

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Further reading