• 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.




2019 June 19

13:02 Van Oord awarded large contract for Mozambique LNG project
12:34 NIBULON Shipbuilding and Repair Yard starts constructing vessels of new project
12:12 ICS meets in Faroe Islands
11:58 Frigate Admiral Gorhskov of RF Navy's Northern Fleet sails through Panama Canal
11:37 Ship inspection platform Idwal urges investors to carry out due diligence on asset condition as standards decline
11:19 WMU signed MOU with Higher Institute of Maritime Studies, Morocco
11:12 Damen signs Phase II contract with International Organization for Migration for nine additional SAR 1906 search and rescue boats
10:55 ABB wins system package with Keppel for dredging contractor Van Oord
10:33 Lavna coal terminal to reach design capacity of 18 million tonnes in 2022
10:00 Bunker market sees mixed price movements at the port of Saint-Petersburg, Russia (graph)
09:38 MABUX: Bunker Market this morning, June 19
09:32 Brent Crude futures price is up 0.03% to $62.16, Light Sweet Crude – up 0.22% to $54.23
09:15 Baltic Dry Index is up to 1,135 points

2019 June 18

18:36 Spotlighting IMO's actions on climate change
18:31 Transborders Energy signs joint study agreement with Kyushu Electric Power for FLNG Solution
18:06 Kim Heng Offshore & Marine Holdings signs MoU with HHC and Thaitan
18:03 Container service boost at Bristol Port
17:53 IMO and UN Environment – working together to keep the Mediterranean clean
17:36 ZIM introduces myZIM Personal Notifications
17:21 Incat launches a new 111-metre ferry for Spain
17:06 Hapag-Lloyd announces General Rate increase from Japan to Middle East
16:42 Nor-Shipping 2019 sets new records
16:20 Fincantieri and CNR present the results of six multidisciplinary research projects
16:04 Atlantic Towing buys Havyard 833 WE – build no 126
15:25 Live stream of IWW passenger transportation meeting, part of SmartTRANSPORT, starts on IAA PortNews website at 10:00, June 21
15:04 Port of Oakland approves Seaport Air Quality 2020 and Beyond Plan
14:33 Carnival Mardi Gras cruise ship hull assembly begins at Meyer Turku shipyard
14:02 Hapag-Lloyd announces FAK from East Asia to Europe and Mediterranean
13:30 Port of Singapore bags “Best Seaport in Asia” for 31st time and also “Best Green Seaport”
13:02 Major shipping banks to launch the Poseidon Principles in line with IMO’s Greenhouse Gas strategy
12:41 Russia's Main Department of State Expertise approves revised project for Phase 1 of dry bulk terminal in Taman
12:28 Bunker prices show slight changes at the Far East ports of Russia (graph)
12:24 Jan De Nul secures Formosa 2 OWF contract in Taiwan and underlines its expansion in Asian OWFs
12:05 AtoB@C starts to offer port towage and related services in Port of Raahe
11:39 East-Siberian Inland Navigation Company launches bunkering tanker of Project RT37 for Baikal
11:16 Regional Manager Simon Neo set to leave IBIA
10:52 IBIA board member elected President of the Panama Maritime Chamber
10:47 NAVTOR integrates environmental regulations into voyage planning with Total Marine Solutions MOU
10:27 Maritime spatial planning in the Baltic Sea region easier with BASEMAPS
09:53 Brent Crude futures price is down 0.05% to $60.91, Light Sweet Crude – down 0.1% to $51.88
09:35 MABUX: Bunker Market this morning June, 18
09:15 Baltic Dry Index is up to 1,093 points

2019 June 17

18:24 USCG saves six people, tows disabled vessel in Port Etches
17:59 Denis Krylov appointed General Director of Gazpromneft-Sakhalin
17:28 China and South Korea agree on ballast water exchange rules
17:04 Mermaid Maritime borrows a loan of USD 65 mln to extend the financing of two vessels
16:41 Neptune Lines welcomes Neptune Galene & Neptune Thalassa after scrubber installation
16:23 DG Termināls invests about 1 million euros during the year
16:17 Finnish ferry getting a diesel-electrical drivetrain system
16:04 MSC Katya R. sets record as largest container ship to boost Costa Rican export links to Europe
15:45 Singapore to host 18th Vessel Efficiency & Fuel Management Summit
15:26 Onezhsky Shipyard launches multifunctional buoy tender for Volga-Baltic Basin
15:04 Hunter Group sells one vessel
14:42 Gdansk, Poland to host 6th Operating Specialist Wind Vessels Summit
14:19 Seatrade Europe conference programme to include Marine Interiors specialist panel discussions
14:12 ClassNK releases amendments to class rules
13:55 Finland hosts an EU–China maritime meeting
13:31 AWT completed stage III of modernization and expansion of the Paskov Terminal
13:24 Average wholesale prices for М-100 HFO down to RUB 16,007 in RF spot market
13:10 The Irish Port of Cork and Port of Amsterdam to collaborate