Ocean Rig Poseidon News

 

Georgia Ports Container Trade Up 8.6% in FY 2025

Jul 30, 2025

The Georgia Ports Authority moved 5.7 million twenty-foot equivalent container units in fiscal year 2025 (July 1, 2024-June 30, 2025), an increase of 8.6 percent or 450,000 TEUs compared to the previous fiscal year.  FY2025 was the Port of Savannah’s second busiest year on record, and the rate of growth shows continuing strength in Georgia’s logistics trajectory. In the pandemic year of FY2022, GPA handled 5…

Expeditors Shares Q2 Results Above Estimates Helped by Higher Freight Volumes

Aug 05, 2025

Global freight forwarder Expeditors International of Washington reported second-quarter profit and revenue above Wall Street estimates on Tuesday, helped by higher airfreight and ocean container volumes and bigger custom fees.Airfreight tonnage…

Xeneta Warns Freight Rates May Continue to Plummet Despite New Trade Deals

Jul 29, 2025

Latest data from Xeneta, an ocean and air freight intelligence platform, shows average spot rates from China to the US West Coast are down 59% since June 1, 2025, at USD 2 268 per FEU (40ft container). Rates have also plummeted into the US East Coast…

Britlift Launches New All-In-One Container Lifting System

Jul 21, 2025

A new all-in-one package aims to make it quicker, safer and easier to lift shipping containers.The boxed 10-ton container lifting system from Britlift includes its T13 modular spreader beam, plus all the necessary shackles, CLB container lifting lugs…

Logistics News

Bulk Carrier on Fire After Russian Attack

Bulk Carrier on Fire After Russian Attack

Brazil to Auction Santos Container Terminal in Early March

Brazil to Auction Santos Container Terminal in Early March

California Ports Elect Dr. Noel Hacegaba as New President

California Ports Elect Dr. Noel Hacegaba as New President

IMO Challenged Over Livestock Carrier Regulations

IMO Challenged Over Livestock Carrier Regulations

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Boeing's Air Force One, the new aircraft for the US President, has been delayed yet again
US threatens New York State with a withdrawal of highway funding over the issue of non-citizen licenses for truck drivers
US Transportation chief assures safety of DC air traffic