Ocean Rig Poseidon News

 

Container Shipping Companies Cut Asia-US Services

May 11, 2025

Major container shipping companies are suspending at least six scheduled weekly routes between China and the United States as President Donald Trump's punishing tariffs on the world's top exporting country collapse trade, maritime consultants said.The ships on those routes have the combined capacity to deliver 25,682 40-foot containers stuffed with toys, tennis shoes, car parts and things U.S. manufacturers use to produce goods each week - or more than 1…

Xeneta: Israel-Iran Conflict Threatens Safety and Stability of Ocean Supply Chains

Jun 13, 2025

Peter Sand, Xeneta Chief Analyst, shared insights following the escalation of the Israel-Iran conflict.“Geo-politics is once again threatening the safety and stability of global supply chains so we must hope for de-escalation in the conflict between Israel and Iran…

ORLEN Group Opens Poland’s First Offshore Wind Installation Terminal

Jun 11, 2025

ORLEN Group has opened Poland’s first installation terminal dedicated to offshore wind farms, located in Świnoujście, with the facility securing its first long-term lease agreement with global offshore wind player Ocean Winds.The Świnoujście…

IMO: Global Shipping Industry Gearing Up For Net-Zero Transition

Jun 09, 2025

IMO Secretary-General Arsenio Dominguez emphasized the global shipping industry's need for significant investment in technology and alternative fuels to achieve a net-zero transformation and drive sector-wide change at the Blue Economy Finance Forum in Monaco…

Ports of Indiana, Port of Antwerp-Bruges Explore Indiana-Belgian Partnership

May 22, 2025

Ports of Indiana welcomed a delegation led by the Port of Antwerp-Bruges today on a trade mission exploring economic opportunities and new container shipments between the U.S. Midwest and European markets.The day’s events included a tour of Ports of Indiana-Burns Harbor…

Maersk Reports First Quarter Drop in Revenue Growth

May 11, 2025

For the first quarter of 2025 A.P. Moller - Maersk A/S (Maersk) reports revenue growth of 7.8% to $13.3 billion with EBIT increasing to $1.3 billion from $177 million a year ago.The company states that these results, while sequentially down as expected…

Potential Return of Container Ships to Red Sea Following US-Houthi Ceasefire Could Collapse Freight Rates

May 08, 2025

The prospect of a large scale return of container ships to the Red Sea following the announcement of a ceasefire between the US and Houthi militia in Yemen would flood the market with shipping capacity and cause a global collapse in freight rates…

Ocean Aero to Continuously Monitor the Port of Gulfport Autonomously

Apr 30, 2025

On May 1, the Port of Gulfport will implement continuous autonomous subsea surveillance. Using Ocean Aero’s technology, the Triton AUSV, they will begin running ongoing scans using a variety of subsea payloads, including bathymetry, side-scan sonar…

CMA CGM to Acquire Turkish Borusan's Logistics Subsidiary

Apr 27, 2025

French shipping giant CMA CGM's subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan's logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji, for $440 million, according to a filing by the Turkish company…

DataMondial Launches AI-Driven Service for Processing Ocean Freight Rates

Apr 15, 2025

DataMondial, a player in the world of data and document processing, announced the launch of its latest service: an AI-powered robotization system for processing ocean freight rates. This new service is designed to help logistics providers manage…

Port of Virginia: New Equipment to Advance ULCV Capacity

Apr 15, 2025

The Port of Virginia is continuing to modernize and expand its operation and recently debuted additional capacity to safely handle simultaneous calls of ultra-large container vessels (ULCVs).Earlier this month at Virginia International Gateway (VIG) the port put four new…

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