• 2018 September 19 15:47

    Freeport of Riga Authority begins active cooperation with its Chinese partners

    In terms of diversification of cargo and points of origin, cooperation between the Freeport of Riga Authority and partners from China is becoming increasingly active. According to FRA, the Chinese cargo market, potential transportation routes through the Port of Riga and attracting Chinese investment have been the focus of the Freeport of Riga Authority for a long time. Cooperation has now become even more active and partners from China are showing a strong interest in the Port of Riga.  

    At the beginning of last week, representatives of the holding company China Merchants Group (CMG) visited the Freeport of Riga Authority. CMG is an investor and terminal operator of international importance, which owns 30 ports in 16 countries. One of the current projects of CMG is the construction and development of the Great Stone — an industrial park and logistics center in Belarus, near Minsk. High-quality and effective logistics play an important role in reaching the goals of Chinese businessmen to turn the Great Stone into a profitable Chinese distribution center. As Belarus has no sea ports of its own, the most cost effective route is being sought for cargo transportation to the ports of Lithuania and Latvia. 

    “It is very important that at this early stage we have begun cooperation on this project with partners from China and Belarus. When the Great Stone is complete and ready for work, logistic routes will already have been established and our involvement would be too late. Therefore, we must look at the current activities from a future perspective,” Deputy CEO of the Freeport of Riga Authority for Legal and Administrative Matters Mārtiņš Ziemanis is convinced. 

    During the visit of CMG representatives, a strategic partnership agreement was signed between the Freeport of Riga Authority and CMG which involves collaboration in several areas, including cargo transit and implementation of joint investment projects. “The fact that the initiative to visit the Freeport of Riga and sign the partnership agreement this time came from the Chinese partners gives a positive outlook for future collaboration with CMG,” Ziemanis concludes.

    Since the beginning of this year, the transport sector of Latvia has been actively communicating and seeking cooperation opportunities with the Geely Group, an automotive manufacturing company in China. This international giant of the automotive industry manufactures and sells brands such as Geely Auto, Lotus, Lynk & Co, Proton, Volvo, London EV Company and Yuan Cheng. The Chinese group owns such well known European automobile manufacturers as Volvo Cars, the British taxi manufacturer The London Electric Vehicle Company, and the British sports car brand Lotus Cars.

    In order to service Russia and CIS markets, the Geely Group has opened an automobile factory in Belarus, where effective logistical solutions are required to receive components from China and further distribute the final production. Hence representatives of the Freeport of Riga, together with representatives of Latvijas Dzelceļš, the Port of Riga and the Ministry of Transport last week visited China to meet with the management of Geely Group and present a detailed offer for collaboration. 

     “Currently, the container flow to the Geely factory in Belarus is 140 containers per week, which in the future may increase up to 200 containers per week. The Port of Riga and other transport sector players aimed to present the management of Geely Group a unified container transit offer through the Port of Riga and convince the management of the Chinese company about the advantages our transport corridor brings compared with the transportation route through Klaipeda. This may be called a short-term or sprint project. The second is a marathon type of project, which may be achieved in the long run.  At the moment Geely Group mainly sells its cars in China, Belarus and CIS markets, and the next logical step for the company’s development would be entry into European markets. Therefore, we propose that the Geely Group find growth in the territory of the Port of Riga by creating a distribution center and also a future production center,” Ziemanis shared the aims of the visit.




2018 October 19

18:42 ABN AMRO, Samsung SDS and the Port of Rotterdam Authority launch container logistics blockchain pilot
18:07 Stena Line's battery hybrid vessel completes its first month of operation
17:56 ABN AMRO, Samsung SDS and Port of Rotterdam Authority launch container logistics blockchain pilot
17:35 Port of Gdansk participated in the CILF 2018 fair in China
17:11 Gdansk pays a visit to Singapore
16:57 Testbed established for Internet of Ships Open Platform
16:48 Finland’s Water Transport Act aims to improve safety and increases preparedness for the future
16:26 World’s largest LNG bunker supply vessel “Kairos” started its voyage to Europe
16:04 KN will motivate its employees with the company's shares
15:42 New Falck training centre on the Maasvlakte officially openes
15:20 Seimas members visiting Klaipėda discussed benefits provided by LNG terminal
14:59 Ukraine plans dredging of 16.33 million cbm of material in 2019
14:37 UN agencies delivering on maritime security
14:15 Hapag-Lloyd starts new Red Sea service
14:00 Atomflot: shipments from Arctic LNG and Yamal LNG to be assisted by diesel and gas powered icebreakers
13:31 MOL's newbuilt LNG carrier "MARVEL EAGLE" to transport LNG from Cameron project in U.S.
13:11 NIBULON Shipbuilding and Repair Yard launches POSS-115 Project tug
13:05 BigLift Barentsz sails Northern Sea route for Pioneering Spirit
12:48 Glavgosexpertiza approves reconstruction of KSK grain terminal to increase its capacity to 4 million tonnes
12:22 Q&A with ImageSat International released ahead of SMi’s 4th annual Maritime Reconnaissance and Surveillance Technology conference
12:05 FESCO wins tender for supplying Indian Research Stations in Antarctica in 2019
11:43 Competition for designing and construction of LNG-powered icebreaker to be announced in late 2018 - early 2019
11:20 North Sea Giant turns to The Switch EBL technology
10:54 NOVATEK to place four FLNG facilities on the Northern Sea Route
10:31 RF Navy’s major amphibious ship Ivan Gren enters North Sea
10:07 Port of Vancouver closes 2018 cruise season
09:56 Brent Crude futures price up 0.4% to $79.61, Light Sweet Crude – up 0.35% to $68.89
09:38 Tackling maritime emissions - IMO rolls out ship and port toolkits
09:29 Expert forecasts more favorable ice situation on Northern Sea Route for 30 years ahead
09:15 Baltic Dry Index is up to 1,565 points
09:07 Hapag-Lloyd, CMA-CGM and COSCO enhance GEM service - covering Mediterranean with the Middle East / ISC
08:37 Samskip launches Netherlands-Italy multimodal rail service
08:07 SEA\LNG submits open comment on the draft supplemental environmental impact statement for Puget Sound LNG facility
07:20 Van Oord awarded offshore contract for the West White Rose Project

2018 October 18

18:03 VSDV opens new crossdock location in the port of Amsterdam
17:33 The first vessel in Klaveness Combination Carriers next generation of combination carriers named at New Yangzi Shipyard in China
17:17 Cargo transportation via Northern Sea Route can reach 17 million tonnes in 2018
17:03 Savannah container trade up 12 percent in September 2018
16:55 PGRK: sales strategy of Pavlovskoye deposit project is focused on foreign markets
16:33 SITC Logistics Group signs strategic cooperation agreement with Chengdu Port Investment Group and Guangzhou Port Logistics Group
16:03 NYK and Horiba to develop a new sulfur-in-oil analyzer for ships
15:34 Thames freight volume rises by 40% as Thames Vision strategy starts to bear fruit
15:33 Port of Rotterdam Authority and research institute TNO present results of the study at IMO meeting
15:31 Dublin Port volumes grow by 4.7% in first nine months. By year end, 36% growth in just six years
15:03 Chinese Lingang group invests 85 million euros in Zeebrugge inner port
14:47 Practical aspects of LNG bunkering to be discussed at the dedicated conference in Moscow on October 24
14:33 Nouryon, Tata Steel, and Port of Amsterdam partner to develop the largest green hydrogen cluster in Europe
14:24 Bunker prices may change irregular next week amid rising volatility on global fuel market, expert says
14:11 Tallink and Rauma marine constructions sign letter of intent for the construction of new shuttle ferry
14:02 VesselMan and DNV GL team up to offer optimized solution for dry-docking management
13:30 Project Forward paves the way for meeting IMO’s reduction on CO2 emissions
13:14 Equinor’s share saving plan allocates shares
13:02 Damen Shipyards Group and Abu Dhabi Ports sign contract for two Damen ASD Tugs 2411
12:52 Volumes transported by TransContainer’s flatcars and containers grew by 5.1% Y-o-Y to 1.38 million TEUs
12:43 Diana Shipping announces direct continuation of time charter contract for M/V Astarte with Glencore
12:40 Damen Shiprepair Oranjewerf adds three new certifications
12:30 Vympel Shipyard launches third coast guard boat of Project 1496М1, Lamantin, for FSB Border Guard Service
12:11 Equinor focuses NCS portfolio through sale of non-core discovery
11:51 Securitas Technology BV installing cameras in the Port of Rotterdam
11:28 HII starts fabrication of amphibious assault ship Bougainville (LHA 8)