• 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 August 18

08:03 Port of Oakland to build Seaport Logistics Complex
08:00 CMA CGM announces PSS from Europe, Scandinavia, Black Sea and West Med to Indian Ocean islands
07:57 CMA CGM announces FAK rates from Asia to North Europe
07:41 A.P. Møller - Mærsk A/S posts results for Q2 2018

2018 August 17

20:03 A system of floating containment booms installed near two jetties of Petersburg Oil Terminal
18:26 Krasnoye Sormovo Shipyard launches Pola Feodosia, forth of RSD59 dry cargo vessel series
17:54 Primorsk Oil Terminal’s throughput in Jan-Jul falls 12% to 31.38 million tonnes
17:51 Nevsky Shipyard continues testing of unique replenishment system
17:08 Marine Robotics: Laws, Applications, Technologies roundtable registration underway in Moscow and Vladivostok
17:03 Port of Vysotsk volume in Jan-Jul down to 10.45 million tonnes
16:27 Port of Ust-Luga throughput in Jan-Jul down 4% to 56.27 million tonnes (details)
16:04 Western Bulk publishes First half 2018 results
15:53 Port of St. Petersburg seven-month volumes grow 13% to 34.39 million tonnes (details)
15:34 Stena Blue Sky delivers the first LNG cargo at energy giant ENN's new terminal in China
15:03 ANL announces FAK rates from North Europe and Mediterranean to Australia
14:33 A.P. Møller - Mærsk A/S delivers revenue growth in the second quarter of 2018
14:03 Third railway track put into operation in Port Bronka
13:58 Nevsky Shipyard wins contract for Arc4 passenger/freight vessel duo to be deployed on Sakhalin-Kurils route
13:51 Samsung Heavy Industries wins two eco-friendly LNG carriers
13:21 TORM posts H1 2018 interim results
13:04 A.P. Møller - Mærsk A/S to pursue a separate listing of Maersk Drilling
12:30 Hapag-Lloyd invests in growing East African market
12:07 Port of Oakland gives $70,000 to develop eco-jobs workforce
11:07 Hapag-Lloyd announces rates for Far East Westbound East Asia (including Japan) to North Europe and Mediterranean
10:45 Crude oil futures price edges down to $71.38 in London, in New York to $65.44
10:07 Latest Sanmar tugboat under trials
10:02 Gazprom Neft 1H 2018 net profit soars 1.5-fold
09:41 Baltic Dry Index adds 2 pts to 1727 points
09:37 Diana Shipping announces time charter contract for m/v Coronis
09:32 Port of St. Petersburg bunker prices close the week on a down note
09:06 Gulftainer invests AED11 mln in road extension
08:27 CMA CGM implements new FAK rates from North Europe and Mediterranean to Australia

2018 August 16

18:45 Kalashnikov Concern’s Vympel Shipyard lays keel for freezer trawler of Project T30
18:06 Port of Dover awarded contract to Solent Marine Ltd to design and fit-out Dover's new marina
17:32 Maersk Line announces rates from Far East Asia to West Africa
17:06 Hapag-Lloyd increases reefer fleet by 11,100 containers
16:56 DFDS orders additional freight ferry (ro-ro) newbuilding from the Chinese Jinling Shipyard
16:52 Sovcomflot’s shuttle tanker Governor Farkhutdinov ships 600th crude oil cargo for Sakhalin-2
16:03 CMA CGM announces GRR from Asia to Mozambique
15:47 Taganrog Sea Commercial Port's H1 2018 employee benefits and rewards programme totals RUB 2.2 million
15:31 Melbourne port operator ICTSI may be investigated by State and Federal authorities
15:09 Bunker prices at Far Eastern ports remain flat
14:33 CMA CGM announces GRR from Asia to Indian Ocean
14:27 MABUX: Bunker prices may change irregular next week
14:13 Maersk Line announces rates from Far East to North Europe
13:42 First ever S-T-S loading of 70000dwt Panamax coal carrier performed at Shakhtersk harbour transshipment location in Sakhalin
13:32 More investment contracts at the Port of Gdansk
13:02 Wärtsilä equipped Canadian ferry will have minimal environmental impact
12:16 Damen Shipyards Galati celebrates 125 years
12:09 Okskaya Sudoverf Shipyard launches 6th serial barge of Project ROB20
12:03 Boskalis presents half-year results and terminates loss-making low-end transport activities
11:59 Port of Oakland container volume up 3.6 percent in July 2018
11:45 Rolls-Royce launches new battery system for ships
10:58 DP World revenue up 14.4% in H1 2018
10:57 VARD secures contract for one autonomous and electric-driven container vessel for YARA
09:39 EU NAVFOR mission operation commander visits Spanish MPRA in Djibouti
09:21 Baltic Dry Index gains to 1725 points

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