• 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.

2019 January 21

09:40 Throughput of port Kaliningrad in 2018 grew by 2% Y-o-Y to 14.05 million tonnes
09:19 Baltic Dry Index is up to 1,112 points

2019 January 20

16:08 Subsea 7 acquires multi-purpose offshore construction and dive support vessel
15:03 TEPCO and Ørsted sign MoU to work jointly on offshore wind projects
13:51 Major contract for JSS awarded to Montreal-based company
12:42 Huntington Ingalls Industries to acquire Fulcrum IT Services
10:47 Algoma provides update on status of fleet renewal

2019 January 19

16:19 Ocean Yield acquires Suezmax tanker Milos for $56.0 million
15:16 Evac expansion continues with acquisition of UK service company Transvac Systems
14:02 Deltamarin contracted to continue with Titanic II project
12:51 SGRE launches 10 MW offshore wind turbine
11:44 Algoma increases its interest in the ocean self-unloader Pool

2019 January 18

18:06 North Carolina Ports sets new record in 2018
17:47 Freight turnover of Neva-Metal (Saint-Petersburg) in 2018 climbed by 3% Y-o-Y to about 3.2 million tonnes
17:25 Okskaya Sudoverf obtains patent for state-of-the-art pontoons
17:06 Hamburg prepares for ‘Hard Brexit’
16:44 Throughput of port Primorsk in 2018 fell by 7% Y-o-Y to 53.48 million tonnes
16:23 GTT receives a new order from SHI to design the tanks of two LNG carriers on behalf of Gaslog
16:20 NOVATEK elects new Board of Directors
15:56 Throughput of port Vyborg in 2018 grew by 25% Y-o-Y to 1.93 million tonnes
15:33 Stena Line’s first new generation ferry ‘floats’ in China
15:21 Bunker sales at the port of Singapore in 2018 fell by 1.7% Y-o-Y to 49.8 million tonnes
15:03 Panama Direct service CMA CGM to resume weekly rotations
14:47 Throughput of port Vysotsk in 2018 climbed by 7% Y-o-Y to 18.79 million tonnes
14:33 GranIHC appointed contractor for Equinor’s Peregrino Phase II Project
14:19 Port of Ust-Luga handled 98.72 million tonnes in 2018, down 4% Y-o-Y
14:03 Algoma Central Corporation increases its interest in ocean self-unloader Pool
13:50 18 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 17-18
13:35 Throughput of the Port of St. Petersburg in 2018 up 11% Y-o-Y to 59.32 million tonnes
13:18 CMA CGM unites its Containerships and MacAndrews brands
13:11 Vladimir Putin supports Government’s proposal on expanding Far East Ministry’s functions with Arctic issues
12:49 Throughput of port Kavkaz in 2018 grew by 11% Y-o-Y to 49.276 million tonnes
12:26 MV Werften purchases Neptun Ship Design
12:08 Sakaide shipyard holds naming ceremony for new LNG carrier jointly owned by NYK and JERA
11:38 PGNiG SA signs agreement for oil and gas exploration and production in UAE
11:14 Remote pilotage to be allowed in Finland
10:47 Free zone status is a crucial advantage for the future development of the Freeport of Riga
10:06 Ice restrictions at the port of Ust-Luga come into effect on January 31
09:42 Brent Crude futures price up 0.9% to $61.73, Light Sweet Crude – up 1.09% to $52.64
09:20 Baltic Dry Index is up to 1,077 points

2019 January 17

18:13 PORT OF KIEL presents annual results 2018
17:51 Ice restrictions at the port of Primorsk come into effect on January 25
17:28 Global Ports sets up a common service call centre
17:09 EFIP welcomes and supports the European Parliament position on the Connecting Europe Facility for 2021-2027
17:05 North Sea Port monitoring the Brexit closely
16:44 ABP invests £700K to boost storage at Port of Ipswich
16:27 Global fuel market: still many uncertainties in both demand and supply
16:22 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
16:05 OCEAN Alliance extends duration of OCEAN Alliance to ten years
15:42 COSCO SHIPPING Ports signs agreement with PSA to add two new berths at the terminal in Boao, Hainan
15:31 Liebherr supports the 6th International Forum of Dredging Companies as its Sponsor
15:02 Ocean Yield ASA agrees to acquire a modern Suezmax tanker for a consideration of USD 56.0 mln
14:02 SEACOR Marine enters agreement to acquire three additional platform supply vessels from affiliates of COSCO Shipping Group
13:49 Throughput of Chinese ports grew by 4.2% to 9.22 billion tonnes in 2018
13:32 Jensen Maritime provides design for Shaver Transportation’s new tugboat
13:14 OOCL rolls out third phase of Ocean Alliance product refinements
12:50 Baltic Ports Organization’s schedule for 2019 is set
12:38 Port of Los Angeles breaks all-time cargo record in 2018
12:26 Qatar accedes to load lines convention
12:01 Sunseeker International and Rolls-Royce to present first production yacht with MTU hybrid power in 2020