• 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 August 15

18:33 Equinor extends partnership with The Arctic Race of Norway
17:56 Port Kavkaz seven-month volumes soar 30% Y/Y to 25.21 million tonnes
17:36 Russian Gov't to allocate RUB 500 million in subsidies to support small-tonnage fishing ships construction, Rosrybolovstvo says
17:34 Maersk Line to rise rates from Far East to East Coast South America
17:30 Yang Ming orders ten 2,800 TEU containerships
17:19 Nor-Shipping 2019 takes place in Oslo and Lillestrøm, Norway, from 04 to 07 June 2019
16:05 New Times Shipbuilding announces delivery of oil tanker
15:04 Concordia Maritime AB announces interim report for H1 2018
15:04 Rosrybolovstvo looks into building a series of three RVs as from 2020
14:12 Multipurpose Reloading Complex spends over RUB 600,000 on employee benefits and rewards programme
13:20 Konecranes to deliver more electric RTGs to Luka Koper in Slovenia
13:02 Join Marinet Conference at SMM 2018, Hamburg
12:32 Prime Minister Dmitry Medvedev gives green light to NLR construction project
12:01 WW Ocean presents new-look trade maps resembling public transit maps
11:15 Port of Vancouver posts H1 2018 results
10:41 Aker Solutions wins orders for Liuhua power umbilical systems in China
10:21 Nor-Shipping 2019 devotes entire hall to new focus on Blue Economy
10:05 Crude oil futures drop 0.22% to $72.3 in London and 0.48% to $66.72 in New York
09:29 Bunker prices at Port of St. Petersburg show mixed movements

2018 August 14

18:30 Hapag-Lloyd annonces General Rate Increase from East Asia to USA and Canada
18:12 FE Railways' loaded freight in Jan-Jul up 2% to 28.2 million tonnes
18:07 Hapag-Lloyd changes terminals at Genoa on its MPS service
17:47 British Ports Association launch Sustainable Development Resolution
17:45 Euro Tank Terminal extends jetty at the port of Rotterdam
17:31 MEYER WERFT holds float out procedure for cruise ship for AIDA Cruises
17:29 APM Terminals launches online customer platform in Bahrain
17:27 MED MARINE delivers a 24m ASD Tug from Turkey to Estonia
16:24 Offshore installation vessel starts work on Belgium’s largest offshore wind farm
15:44 Logistec Corporation declares quarterly drvidends on shares
15:21 Vessel Performance Optimisation Forum Singapore initial speakers announced
15:02 Danaos Corporation announces closing of comprehensive debt refinancing
14:16 Sea Port St. Petersburg earmarked over $337,000 for bonus and social responsibility programmes
14:13 TTS Group ASA secures new contracts for access equipment and cranes for two reefer vessels
14:06 Ports of Primorsk and Ust-Luga support green shipping, to implement incentives for LNG-powered ships as from August 15, 2018
13:39 Bunker prices in Far East seaports edge down
13:14 ExxonMobil is first to supply via an independently accredited MFMS in ARA
13:10 Port of Brisbane announce a successful bid for funding of Heavy Vehicle Safety Around Ports project
12:13 HHLA posts operating result for H1 2018
11:29 Rosterminalugol’s seven-month coal throughput hits the 13-million tonne mark
11:11 Crude oil futures price rises to $73.28 (London) and $67.81 (New York)
11:01 Diana Shipping announces continuation of time charter contract for m/v Protefs and a new time charter contract for m/v Nirefs with Hudson
10:58 GeoSea has taken delivery of self-propelled DP2 jack-up vessel ‘Apollo’
10:09 Safe Bulkers announces acquisition of a Capesize class dry-bulk vessel
09:30 Consolidated Marine Management selects ABS Advanced Solutions Enterprise Asset Management
09:14 Baltic Dry Index gains 18 points edging up to 1800pts mark
09:00 ABP to develop new technologies with Rolls Royce and Svitzer

2018 August 13

18:41 Port of Helsinki seven-month volume grows 10% to 8.88 million tonnes
18:27 Russian Gov’t to lend a helping hand to BAM and Transsib modernization project
18:23 HII awarded advance planning contract for CVN 74 RCOH
17:54 Nord Stream 2 submits application and EIA for an alternative route in Denmark
17:47 Board of Harbor Commissioners promotes Casey Hehr as Port of Long Beach Security Director
17:42 NYK to participate in demonstration project to remotely operate a ship
17:15 VT Halter Marine, Inc. launches VDOT's new ferry Powhatam
16:43 Swire Seabed's Seabed Worker commences new project with the Norwegian Petroleum Directorate (NPD) to collect seabed data in the Norwegian Sea
16:38 Spot market price for Russian M100 product ended last week higher at nearly RUB 18,000 / pmt
16:24 RKS-ENGINEERING chosen as the Krasnoyarsk Dam Shiplift overhaul project contractor
15:19 Cammell Laird launches Leander Frigate website following worldwide interest
15:03 Sea Port of St. Petersburg spends RUB 15,8 mln on OH&S programmes
14:05 Yang Ming named Provider of the Year 2018
13:43 PortNews to host live webcast of Marine Robotics: Laws, Applications, Technologies Roundtable, in Moscow and Vladivostok, August 24