• 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 October 17

18:03 PGNiG and Venture Global LNG announce LNG Sales and Purchase Agreements for 2 million tonnes per year
17:46 The Freeport of Riga Authority continues to develop cooperation with China
17:22 Port Manatee enjoys record fiscal year with diverse growth
17:00 North Sea Port and Titan LNG successfully supply sea-going vessel with LNG fuel
16:55 33 LNG carriers and 8 gas condensate carriers with export cargo left port Sabetta in April-June 2018
16:24 Baku International Sea Trade Port launches two new tugboats
16:02 Hapag-Lloyd announces General Rate Increase for East Asia to Mexico, Central America, West Coast of South America, Caribbean & Panama trade
15:46 New BIMCO & IBIA Bunkering Guide available
15:23 NOVATEK and Fluxys plan to build an LNG terminal in Rostock
15:02 NYK develops original software that diagnoses combustion chamber problems
14:40 RF Government allocates RUB 8.4 billion for the Far East development
14:21 Scorpio Bulkers announces time charter-out agreements
14:03 CMA CGM implements Empty Repositioning Surcharge for exports from all Turkish ports
13:32 Ørsted contracts Van Oord for cable installation Borssele I & II
13:21 Throughput of Ukraine’s seaports in 9M’18 fell by 1.7% Y-o-Y to 95.9 million tonnes
13:04 CMA CGM to introduce new BAF on Asia-Africa trade
12:30 GTT and Dongsung Finetec sign a Memorandum of Understanding
12:02 Maritime and Port Authority of Singapore and partners sign MoU for 3D printing facility and applications in maritime sector
11:53 Identifying barriers to cutting emissions through just-in-time operations
11:27 Norddeutsche Reederei H. Schuldt joins V.Group
10:50 Brent Crude futures price down 0.09% to $81.34, Light Sweet Crude – up 0.06% to $71.88
10:42 CMA CGM to introduce new BAF on Europe-Africa trade
10:37 Damen Shipyards Galati hands over 74-metre fishery research vessel to Angolan government
10:27 Maritime Arctic Competence Center opens in Saint-Petersburg
09:42 KN invests in environmental protection measures
09:20 Baltic Dry Index is down to 1,578 points

2018 October 16

18:33 Maersk Line announces new FAK rates from Mediterranean to West and Central Asia
18:03 ABS holds two seminars at the 58th Genoa International Boat Show
17:55 Throughput of port Kaliningrad in 9M’18 grew by 5% Y-o-Y to 10.65 million tonnes
17:36 Wärtsilä opens the first International Maritime Cyber Centre of Excellence in the world
17:03 CMA CGM announces Overweight Surcharge on Asia and India to Africa trades
16:56 Wärtsilä launches Acceleration Centre in Singapore and partners with MPA and PSA Marine to develop IntelliTug
16:40 Throughput of port Vyborg in 9M’18 up 22% Y-o-Y to 1.33 million tonnes
16:21 Throughput of port Primorsk in 9M’18 fell by 11% Y-o-Y to 39.80 million tonnes
16:03 Höegh LNG announces amendment of the Höegh Gallant time charter
15:44 LUKOIL starts construction of facilities at Rakushechnoye field
15:22 Throughput of port Vysotsk in 9M’18 climbed by 6% Y-o-Y to 13.69 million tonnes
15:03 Avatar Logistics initiates cooperation with Sand & Grus AB Jehander and buys the vessel MS Jehander
14:41 Throughput of port Ust-Luga in 9M’18 declined by 5% Y-o-Y to 72.38 million tonnes
14:20 CMA CGM announces GRR from Far East to West Africa
14:03 Lithuanian Railways, Metrans and the Port of Hamburg strengthen relations
13:52 Throughput of Port St. Petersburg up 12% to 44.22 million tonnes in 9M’18
13:06 Scorpio Bulkers announces update on scrubbers
12:39 Project 22800 small missile ship Burya to be floated out on 23 October
12:13 Rolls-Royce and Intel announce autonomous ship collaboration
11:55 The Port of Riga outlines a vision for future development of Spilve Meadows
11:31 Ørsted selects GeoSea for Borssele 1 & 2 foundation and turbine transport and installation
11:14 Jan De Nul will dredge access channel to Guayaquil Port
11:11 RF Navy’s Baltic Fleet detachment completed tasks in Mediterranean Sea
10:59 Damen Maaskant Shipyards Stellendam celebrates 70 years and bids farewell to director Frits van Dongen
10:50 Detachment of RF Navy's Pacific Fleet completes visit to Republic of Korea
10:28 WMU holds needs assessment workshop in Jordan
10:02 Brent Crude futures price up 0.31% to $81.03, Light Sweet Crude – up 0.11% to $71.86
09:43 IMO ​pushing forward with tackling greenhouse gas emissions
09:17 Baltic Dry Index is up to 1,584 points

2018 October 15

18:23 MOL joins hands with partners to launch FOCUS project
17:59 Moscow to host a conference on construction of LNG-powered and LNG bunker ships on October 24
17:46 Algoma announces cancellation of Croatian newbuilds contracts
17:05 Klaveness Combination Carriers AS registered on NOTC
16:56 Tall ships arrive at Port of Ipswich as part of 'Race of the Classics'