• 2018 May 15 09:33

    UAE delegation discusses opportunities of cooperation with the Freeport of Riga

    Last week a delegation of entrepreneurs from the United Arab Emirates (UAE), headed by Majid Saif Al Ghurair, Chairman of Dubai Chamber of Commerce and Industry, visited Latvia. During the visit, UAE entrepreneurs admitted that they were interested in expanding cooperation with Latvian companies in several sectors, including transport and logistics. This was also confirmed by the delegation’s visit to the Freeport of Riga and the company TFS Trans’s logistics centre, says the Freeport of Riga Authority.

    During the visit, guests from the UAE and entrepreneurs of the Port of Riga both highlighted the potential of cooperation of the two parties. “There is a range of cooperation possibilities between Latvia and the United Arab Emirates in various sectors. Particularly, if we speak about logistics,” highlighted Majid Saif Al Ghurair, Chairman of Dubai Chamber of Commerce and Industry, during the visit to the Port of Riga.

    UAE is already the most important trade partner for Latvia among countries in the Gulf region. In recent years turnover of foreign trade between Latvia and the UAE has doubled, the most vivid contribution thereto ensured by exports of Latvia food products. In 2017, exports of food products increased by 48%. The Chairman of Dubai Chamber of Commerce and Industry also confirmed: “We import 90% of the agricultural products that we consume.” In turn, Ansis Zeltiņš, CEO of the Freeport of Riga, added that the majority of food products are exported to the UAE through Latvian ports: “A large share of the Latvian grain harvest is exported through the Port of Riga to the UAE and the region; likewise, we handle transit cargo of food products”.

    Zeltiņš noted that the Freeport of Riga would also be interested in cooperation with Dubai in the port and terminal development business: “The company DP World, founded almost 20 years ago with the goal to manage the terminals of the Port of Dubai, is already operating on 5 continents and is an operator of 78 sea and inland port terminals. The Port of Riga would undoubtedly be interested in cooperation with one of the world’s largest and most successful terminal operators as well.”

    During the visit, the Dubai Chamber of Commerce and Industry delegation and entrepreneurs visited the modern logistics centre of the company TFS Trans in the Freeport of Riga. A fully automated warehouse with 30-metre-high shelves and pallet transportation at speeds of up to 60 km/h surprised even the most experienced guests from Dubai. “We are happy that UAE entrepreneurs recognised the technologies of our warehouse as competitive and progressive also at the global level,” says Mihails Frolovs, Marketing Manager at TFS Trans. In turn, Zeltiņš highlights: “By visiting the new TFS Trans logistics centre, we showed UAE entrepreneurs the Port of Riga is a modern and technologically advanced partner.”




2018 June 18

18:12 Azerbaijan Caspian Shipping Company takes part in TransCaspian/Translogistica 2018
17:57 Legislative amendment promotes automatisation tests in maritime transport with regard to manning and watchkeeping
17:35 First major forum on the new Silk Road organised by the Port of Marseille Fos
17:05 Aker Solutions teams up with SAP for next steps in digitalizing its business
16:45 HMM signs Letter of Intent for its mega containership orders
16:24 Victor Olersky handed in his resignation notice
16:18 European Council extends sanctions on Crimea and Sevastopol for another year
16:05 DryShips announces agreements to sell two older Panamaxes
15:40 Tuapse Commercial Seaport elected seven BoD members
15:33 Poland holds World Maritime Day Parallel Event
15:13 IMO member states must progress on key sulphur cap issues at critical meeting in July
14:59 Average wholesale prices for М-100 HFO down to RUB 17,923 in RF spot market
14:13 Navios Maritime Containers announces acquisition of five containerships and options to acquire four additional containerships
13:35 Maersk launches a new line to the Middle East from Fos
13:00 Aker Arctic demonstrates autonomous vessel in model tests
12:36 ABB to improve Edda Fides floating hotel safety with leading digital technology
11:47 Freeport of Riga Authority and Port of Rotterdam Authority sign cooperation agreement
11:24 Port of Tallinn signs MoU with the City of Tallinn for development of the Old City Harbour area
11:01 Dorian LPG Board declines BW LPG'S unsolicited proposal
10:25 Brent Crude futures price down 0.76% to $72.88, Light Sweet Crude – down 1.73% to $63.73
10:12 Capital Product Partners L.P. announces new period charters for four of its product tankers
10:03 Port of Silloth invests £250,000 in new solar farm on Marshall Dock
09:41 Fishers fatalities give impetus to fishing vessel safety work
09:18 Baltic Dry Index up to 1,445 points

2018 June 17

18:40 Port of Oakland's largest terminal operator OK new lease to 2027
18:38 GoodBulk Ltd. announces delivery of Capesize vessel
18:32 Navios Maritime Partners announces sale of containership and options to sell four additional containerships

2018 June 15

18:35 Hapag-Lloyd implements Peak Season Surcharge from Mediterranean to USA
18:05 Wallenius Wilhelmsen Ocean adds Adelaide on the Australia service
17:54 Throughput of port Kaliningrad in 5M’18 up 12% Y-o-Y to 6.05 million tonnes
17:35 GTT conducts two FEED studies on two types of Gravity Based System
17:20 Throughput of port Vyborg in 5M’18 up 22% Y-o-Y to 610,900 tonnes
17:05 Port of Koper officially part of the New Silk Road
16:40 Yantar Shipyard launches yet another trawler of Project SK-3101R
16:35 Port of Long Beach volume up to 687,427 TEU in May 2018
16:05 Royal IHC joins PortXL
15:45 Throughput of port Vysotsk in 5M’18 declined by 3% Y-o-Y to 7.49 million tonnes
15:22 Main phase of Nizhegorodsky hydrosystem project obtains state expert approval
15:21 VTG FastTrack makes ad hoc transportation from the Port of Hamburg possible
15:00 Vopak opens new rail infrastructure in the port of Antwerp
14:21 Royal IHC and IHC IQIP sign memorandum of agreement with SOIC
14:09 DNV GL issues first type approval for aluminium cables onboard ships
13:16 Throughput of port Primorsk in 5M’18 down 18% Y-o-Y to 22.63 million tonnes
12:48 Bunker prices are down at the Port of Saint-Petersburg, Russia (graph)
12:27 Innovative solution for lowering of ship emissions tested in the port of Rotterdam
12:23 LUKOIL commissions third well at Filanovsky field second stage
11:59 Throughput of port Ust-Luga in 5M’18 down 1% to 41.48 million tonnes
11:31 Throughput of Big Port St. Petersburg up 16% to 24.73 million tonnes in 5M’18
11:02 Lloyd’s Register and TWI launch Fullagar Technologies
10:30 Kotug Smit Towage performs naming ceremony for Damen tugs Rotterdam & Beagle
10:24 Brent Crude futures price down 0.14% to $75.83, Light Sweet Crude – down 0.09% to $66.83
10:02 Seaports of Ukraine handled 54.3 million tonnes of cargo in 5M’18, down 2.1% Y-o-Y
09:40 Throughput of Russian seaports in 5M’18 grew by 2.7% Y-o-Y to 328.4 million tonnes (detalization)
09:19 Baltic Dry Index up to 1,433 points

2018 June 14

18:03 CMA CGM announces FAK rates from East Mediterranean ports to Gulf and Red Sea
17:47 Throughput of port Kavkaz in 5M’18 up 37% Y-o-Y to 15.34 million tonnes
17:33 APL unveils new China Southeast Asia Service 8
17:30 Specifications of products to be rated as manufactured in Russia will be updated
17:03 Pasha Hawaii receives new refrigerated containers as part of container replenishment program
16:48 State Duma approves federal law on setting rouble prices for services offered in Russian seaports (document)