• 2016 July 22 09:32

    Freeport of Riga says Russian energy resources’ transit, other cargo volumes increased

    In the first half-year of 2016 18.3 million tons of cargo were handled at the port of Riga, which is by 11.5% less than during the corresponding period of 2015, Freeport of Riga says in a press release. In the context of low demand for Russian energy resources in the European markets coal and oil product transit flow through the Riga port has decreased within this period, and volume of those products’ transshipment decreased by 19%. By contrast, the total volume of other cargo increased by 2.3% compared to the first half of 2015. This is a positive trend, as there is a decrease in energy resources share in the total cargo volume of the port. If during last year's six months the volume of handled coal and oil products accounted for 64% of the total port cargo turnover, then currently their share has dropped to 59%. Thus the Riga Port’s dependence on Russian transit cargoes has decreased.

    Bulk cargo is still by far the biggest cargo group at the port of Riga. During 6 months of 2016 the port handled 10.4 million tons of bulk cargo, which constitutes 57% of the total port cargo volume. Compared to the first half of the year the positive dynamics of indicators in this segment has been maintained in fertilizers (+ 3.8%), wood pellets (+ 17.8%), cereal products (+ 56.4%), as well as in wood chips (+11, 9%) handling. The volumes of transshipped soy products, ore and various metals have increased. At the same time the turnover of the largest type of cargo of the segment continues to decline - by a fifth less coal was handed compared to the last year. Due to falling demand for Russian coal, Russian coal export flows, transshipped via the Baltic Sea ports, decreased by 15% during five months of 2016. As a result, a significant volume decline primarily affected the ports of the Baltic States - in the first half of the year coal cargo volume in Riga decreased by 21%, in Ventspils – by about 46.8%, while in Tallinn coal has no longer been handled at all in 2016.

    Containerized cargo constitute the major part of the general cargo segment (62%) at the Freepott of Riga. 182.5 thousand TEU of containerized cargo was handled at the Freeport during the first half-year of 2016 , which is by 1.3% more than during the corresponding period of 2015. The number of container line vessels‘ calls to the port also increased this year - by 18 more ships have called the port in the first half of the year in the framework of regular container line vessel schedule. In general, 3.1 million tons of general cargo were handled at the port in the first half-year of 2016, which is by of 3.4%   less than during the reporting period of 2015. Ro-ro cargoes of general cargo segment have managed to maintain positive dynamics of indicators (+ 3.4%), while the handled volume of timber fell (-3.1%) as well as the volume of handled metal cargo (-31.7%).

    The volume of transshipped oil products continued to decline in June and thus there has been a decline in total liquid cargo turnover at the port. In the first half-year of 2016 the port handled 4.82 million tons of liquid cargo, which is by 16.8% less compared to the 2015 reporting period.

    During six months of 2016 the number of Tallink ferry line passengers increased by 8.2% and its services were used by 234.4 thousand travelers. Together with the 15.5 thousand cruise passengers, the port of Riga in the first half of the year served 250 thousand passengers, which is by 5.3% more than last year.

2018 May 26

23:58 Costa Cruises fleet capacity to rise by 43% by 2021

2018 May 25

18:07 AIDAmira joins to the AIDA Cruises fleet
17:51 Azerbaijan Caspian Shipping Company cooperates with Columbia Shipmanagement to organize internship for ACSC 20 staff members
17:42 Carbon targets for shipping can only be met with ‘zero CO2’ fuels - ICS
17:40 IMO takes first steps to address autonomous ships
17:30 Marine Technics carried supplied marine pumps MT-Azcue for cargo vessels of different types
17:18 Container Terminal St. Petersburg in 1Q invested more than € 3.5 million in development, upgrade programme
17:04 Med Marine tugboat joins the company’s harbour fleet in Turkey’s Izmit Bay
16:59 Aleksandr Bryntsev appointed as Director General of Murmansk Shipping Company (photo)
16:25 Sovcomflot to provide technical supervision for the construction of Rosneft’s new LNG-fuelled tankers
16:04 Sanmar supplies a powerful tug to Forth Estuary Towage in Scotland
15:41 SMM advance press conference covered trends in SMMart Shipping
15:04 Seaspan accepts delivery of fourth 10000 TEU SAVER containership in four ship series
14:03 Port of Oakland online shipping platform goes live
13:33 MSC Splendida enters Busan Port
13:08 Klaipėda LNG terminal receives the 50th cargo
12:32 Transport and logistics sector of Latvia continues work with Chinese partners
12:03 Panama Canal nominated as finalist for Lloyd’s List’s Environment Award
11:50 Taganrog Sea Commercial Port handled 333,000 tonnes in QI’2018, up 4% Y-o-Y
11:24 Multipurpose Reloading Complex handled 1.02 million tonnes of cargo in QI’2018, down 20% Y-o-Y
11:03 Port of Amsterdam launches digital business guide
10:49 NOVATEK and TOTAL become partners in Arctic LNG 2 project
10:27 New Belgium container connection bolsters Port of Hull
10:11 Brent Crude futures price down 0.19% to $78.64, Light Sweet Crude – down 2.25% to $43.97
09:56 Bunker prices are slightly up at the Port of Saint-Petersburg, Russia (graph)
09:33 Baltic Dry Index up to 1,109 points
09:22 ITF backs US dock workers in dispute with port authorities
08:20 Port of Vancouver makes history with the arrival of the 25 millionth
07:18 First eleven companies participate in Nextlogic

2018 May 24

19:04 Coal to Vostochny Port to be transported on Kuzbass-Vostochny Port route by innovative rolling stock
18:07 ZIM posts Q1 2018 results
17:31 Bureau Veritas publishes vital resource for decommissioning industry
17:24 Italy’s first, fully-automated gantry cranes reach Vado Ligure
17:17 Best quarter performance ever at CTSP terminal: 168,500 TEUs, a 7.8% container traffic growth
17:09 Successful testing programme with enhanced Wärtsilä’s navigation systems promotes operational safety and efficiency
16:57 MSC optimises its Transpacific-USWC network
16:15 MABUX: Bunker prices continue upward trend
15:12 UCL Port’s 1Q volumes decline 3.9% Y/Y to 9.4 million tonnes
15:10 ABS evaluation demonstrates feasibility of LPG as fuel strategy for Dorian LPG
14:58 MAN to equip world’s first LNG-powered fishing trawler
14:55 VARD secures contract for one stern trawler for Nergård Havfiske
13:06 TCSP Group’s 1Q volumes fall 8.4% Y/Y to 3.88 million tonnes
12:08 Sea Port of St. Petersburg sees strong growth in 1Q volumes
09:26 Baltic Dry Index drops 37pts to 1162 points
09:08 akquinet and IDENTEC SOLUTIONS join forces to revolutionize refrigerated container management
08:39 Maersk Line starts new transatlantic service between Europe’s Mediterranean region and Canada
08:34 Compagnie Maritime Monégasque and Damen join forces to introduce Fast Marine Access in Brazil

2018 May 23

17:54 Container Terminal Saint-Petersburg invested RUB 256 million in modernization of its facilities in QI’2018
17:27 Greece suggests arranging cruise lines to Russia
17:00 Rosmorrechflot comes out for replacement of shipbuilding subsidies with cheap financing
16:16 Agreement on Enhancing International Arctic Scientific Cooperation enters into force
15:48 New Belgium container connection bolsters Port of Hull
15:25 DALO chooses SARIS to support SAR operations
15:03 FESCO transports three transformers from Novorossiysk for Moscow central heating and power plants
14:42 Ukraine’s water transport carried 0.3 million passengers in 4M’18, down 3%, Y-o-Y
14:21 Hapag-Lloyd update on restrictions for DG cargo handling at FIFA World Cup in Russia
13:59 Cargo transportation by Ukraine’s water transport fell by 18.5% to 1.0 million tonnes in 4M’18
13:36 SASCO BoD elected Aleksey Pavlov as Director General of the company
13:13 “K” Line announces delivery of special coal carrier “CORONA XANADU”
12:52 Tallink Grupp to list shares also on Helsinki Stock Exchange