• 2017 April 18 12:06

    Port of Riga cargo volume increases by 2.1% in Q1 2017

    The Freeport of Riga finished the first quarter of 2017 with a positive balance - cargo volume increased by 2.1% compared to the last year. The month of March was also successful - the handled cargo volume was by 7.9% more than in March 2016. The increase is mainly attributed to the positive performance of coal, container and timber segments.

    In the first quarter of 2017 3.5 million tons of coal were transshipped via Riga port, which is by 18.4% more than within the last year's respective period. According to the Freeport of Riga Authority’s market analysis data Russia's coal export flow through the Baltic Sea ports has significantly increased compared to the 1st quarter of 2016. Thus, the coal cargo volume has increased at both Russia's own ports and coal terminals of Riga port and at Ventspils port. Dry bulk segment demonstrated the positive quarterly figures also in grain, wood chips, sawn timber and metal cargo groups. The total volume of metal group bulk cargo – ore, scrap metal and ferroalloys - has increased by 32.8% compared to 2016. Thanks to a significant increase in lumber and wood chip cargo groups, the timber volume , transshipped by the port, has reached 1 million tons and increased by 3.3% compared to the last year.

    In the first quarter of the current year there have been very positive developments in general cargo segment, where the last year’s cargo turnover index has been exceeded by 15.4%. The volume of containers, handled at the port, continues to grow. In the first three months of 2017, 110.4 thousand TEU of containers were transshipped through the port of Riga, which is the 1st quarter’ s highest figure over the Port of Riga history. Subsequently, March monthly indicator - 38 thousand TEU, is the month record of the Port of Riga in container cargo handling. Ro-ro cargo turnover of general cargo segment has also increased by 33.9%. This increase is largely attributed to the Tallink ferry line more intense activities during this year.

    The first quarter of 2017 has been successful for the port of Riga in passenger service area. Predictions about the rapid increase in the number of passengers due to renewed operation of the second Tallink ferry have come true. During the first three months the Port of Riga has serviced 134 thousand passengers, which is by 22.6% more than during the respective period of the last year.

    The Freeport of Riga is the largest port in Latvia. In 2016 cargo turnover volume amounted to 37 million tons. The Freeport of Riga is a multi-functional port with a modern and secure infrastructure, where high quality services are provided by 194 private enterprises operating at the port, including 35 stevedoring companies (cargo handling terminals).

    The Freeport of Riga Authority (FPRA) manages the port, and is responsible for the maintenance of the port infrastructure, for the port security, as well as for the port land and infrastructure leasing to private enterprises. The FPRA is the executive body that implements the Freeport of Riga Board decisions on port development. The FPRA is not engaged in commercial activities at the port.

    Its revenues consist of port dues, collected from the vessels, as well as of land and berth rent fees. The FPRA operates in compliance with the principles of non-profit organizations - its financial resources are spent only for the port management and development.




2019 October 15

17:36 Keppel delivers fourth jackup rig to Borr Drilling
17:06 Maritime and Port Authority of Singapore revokes Inter-Pacific Petroleum Pte Ltd’s bunker craft operator licence
16:49 Hudson Shipping Lines joins the Trident Alliance as a member
16:26 PGNiG: a new oil and gas discovery in the Norwegian Sea
15:32 Port of Kiel announces conclusion of cruise season with turnover of cruise passengers having grown by 33.6% YoY
15:04 TechnipFMC awarded subsea contract for PetroVietnam Gas’ Nam Con Son 2 Phase 2 Gas pipeline development in Vietnam
14:35 Deltamarin provides RMC with design services for the Tallink ferry project
14:31 Port of HaminaKotka and Steveco jointly constructed pulp terminal in Kotka’s Mussalo Harbour
13:57 Shore power to improve air quality and reduce noise in Port and City of Tallinn
13:20 “Wind Barriers at the Freeport of Riga” project receives Annual Riga Architecture Award
12:54 Krasnoye Sormovo delivers Pola Pelagia, yet another dry cargo carrier of Project RSD59
12:18 Bunker prices are flat at the Far East ports of Russia (graph)
11:55 Khabarovsk Shipyard launched pontoon dock gate for city protection against floods
11:09 Amendments to IMO's Ballast Water Management Convention enter into force on 13 October 2019
10:56 Trade Port Posiet handled 4.4 million tonnes of cargo in 9M’2019, up 4% YoY
10:37 World Maritime University delivered its Maritime Business Integrity and Corruption Awareness Seminar
10:09 Hapag-Lloyd announces rates from East Asia to North Europe and Mediterranean
09:38 Brent Crude futures price is down 0.76% to $58.9, Light Sweet Crude – down 0.67% to $53.23
09:32 MABUX: Bunker market this morning, Oct 15
09:22 Baltic Dry Index is down to 1,916 points
09:14 Jan De Nul helps to boost Mauritania’s iron ore export
08:59 CMA CGM announces FAK rates from Asia to North Africa

2019 October 14

18:06 Neptune Energy acquires North Sea assets from Energean
17:57 Rosatom set to have its plan for development of NSR infrastructure till 2035 to be approved by RF Gov't before year end
17:35 2020 Bulkers enters into a time charter agreement for Bulk Shanghai
17:21 Bronka port to handle cargo of up to 500 tonnes
17:05 CMA CGM announces FAK rates from Asia to the Mediterranean
16:50 Names given to first two super trawlers of Russian Fishery Company
16:35 Sasol invests in first South African-owned chemical tanker through Nduna Maritime
16:05 Norsepower signs service agreement with Wärtsilä to strengthen global wind propulsion service network
15:53 Teekay Corporation announces 3.5-year contract for the Hummingbird Spirit FPSO
15:42 Mexico sets high priority on IMO legal conventions
15:13 Rotterdam container placed on ‘Noah’s Train’
14:15 Philippine Ports Authority hires additional port police personnel
13:56 Some services in Russian ports to be excluded from the list of regulated services
13:11 Journey to 2050, Decarbonization, Digitalization and the Future of Safety Debated at ABS Taiwan Committee
12:38 Average wholesale prices for М-100 HFO down to RUB 12,473 in RF spot market
12:15 Cunard and Fincantieri start the construction of new cruise ship
11:22 IMO’s training workshop on handling of dangerous goods held in San José, Costa Rica
11:00 MARSA App to improve marine traffic and vessel service management for vessels calling at Abu Dhabi Ports
10:09 Greek Committee of Planning and Development of Ports approves € 611.8 mln investment plan for port of Piraeus
09:57 North Sea Port on course for new annual record
09:34 Brent Crude futures price is down 0.51% to $60.2, Light Sweet Crude – down 0.59% to $54.38
09:16 Baltic Dry Index is down to 1,924 points
09:00 Rederij de Jong team up with Wouter Kleiss and Mathijs van Schaik to form new company in the Port of Rotterdam
08:58 LR celebrates twenty years of leadership in naval classification
08:23 MABUX: Bunker Market this morning, Oct 14

2019 October 13

16:12 DHS, USCG extend limited contract relief for Offshore Patrol Cutter
15:39 CMA CGM to implement PSS for Douala, Cameroon
14:33 Okeanis Eco Tankers announces acquisition of Suezmax newbuilding duo
13:42 Pentland Ferries' new ship arrives to deliver most environmentally-friendly ferry service in Scontland
11:22 Global Energy to take over long-term operation of Nigg Oil Terminal
10:56 ICE announces new milestones in TTF and JKM trading

2019 October 12

16:35 HII expands Shipbuilder Academy program
14:29 Robert Allan design of two fire-floats delivered to Bangladesh shipyard
12:23 POSH announces acquisition of equity stake in Dolphin's Pacific Workboats
11:41 Sea trials begin for the second CCG's Offshore Fisheries Science Vessel built at Seaspan's Vancouver Shipyards
10:52 DHS extends contract relief for Offshore Patrol Cutter

2019 October 11

18:09 IMO took part in the Global Maritime Security Conference held in Nigeria
17:50 KN engaged in negotiations regarding operation of LNG terminal in Brazil