• 2019 February 13 13:37

    New Freeport of Riga Development Programme provides for expanded port operations

    At the end of last year, the Board of the Freeport of Riga approved a new port development programme for the upcoming decade, which was presented to representatives of media and involved parties last week. Accordig to he port, the Development Programme 2019-2028 provides for significantly expanded operations at the Port of Riga, facilitating industrialisation and the entry of new companies into the territory of the Freeport of Riga. Likewise, the new Development Programme places greater focus on the development of passenger transport, while simultaneously maintaining strategic areas of operation: attracting new cargo, cargo diversification, development of port infrastructure and improvement of the port administration model.

    “Following global trends, the Freeport of Riga has changed its operation strategy. The times when cargoes were “looking for” a port are over; in the current situation, both the port administration and companies operating in the port must work to attract cargoes and strive for their diversification, as well as be ready for any changes in cargo nomenclature. In the new development plan, we have focused our attention on industrialisation: we will promote the development of production and services with added value, as well as more effective use of the port territory and attraction of development projects for vacant territories in the Freeport of Riga”, emphasised Ansis Zeltiņš, CEO of the Freeport of Riga.

    The development programme for the upcoming decade is based on a large-scale market study carried out by specialists at the Freeport of Riga in cooperation with local and international experts in the field, as well as consultants from the Port of Rotterdam Authority. Based on the market analysis, container cargoes, agricultural and forestry cargoes are identified in the new development programme as potential cargo types for the Freeport of Riga. Likewise, the passenger transport segment displays great development potential.

    The Freeport of Riga Development Programme 2019-2028 outlines two scenarios for cargo increases, i.e. minimum and optimistic variants. The optimistic scenario stipulates that the total cargo turnover of the Freeport of Riga in the upcoming decade will increase to 41 million tonnes. The greatest contribution to this increase will be ensured by container cargoes, the volume of which in 2037 will exceed 1 million TEU. An increase in the number of passengers is also planned: from 830,000 in 2017 to 1 million in 2027. The minimum scenario, in turn, envisages a decrease in cargo turnover at the Freeport of Riga in the upcoming decade to 29 million tonnes, primarily due to a decrease in cargoes of energy resources. However, this scenario provides for an increase in the turnover of container cargo to 610,000 TEU in 2027.

    The new Freeport of Riga Development Programme and clearly defined areas of development are crucial for entrepreneurs and investors operating in the port. “Merchants want to see where this port is headed, what signals port management is sending about how this port will develop in future. Therefore, this vision of development on the part of port administration is necessary: it envisions what we want to become. Investment in port development is a very expensive affair which will pay off in years to come. Therefore, the vision of long-term cooperation is highly crucial for the port”, said Carlos Zepeda, Business Developer Port of Rotterdam International, justifying the need for the development programme.

2019 August 17

14:24 Kinder Morgan announces additional projects to enhance capabilities at Houston Ship Channel Facilities
13:31 Damen Shipyards Cape Town joins Women’s International Shipping & Trading Association
12:28 CMA CGM announces rate restoration for Asia to West Africa trade
11:32 APL informs on voil sailing on Asia-Indian Subcontinent Service in August
10:58 Pre-commissioned USCG's Cutter Midgett makes second cocaine seizure within five days

2019 August 16

18:16 Port of Vyborg volumes in Jan-Jul plummet 29% to 687,700 tons
18:06 Hapag-Lloyd announces rates from East Asia to North Europe and Mediterranean
17:36 Norwegian Encore leaves MEYER WERFT's building dock
17:06 Balltec secures North Sea decommissioning contract from Heerema Marine Contractors Nederland
16:35 Canada Infrastructure Bank signs MoU with the Port of Montreal on Contrecoeur port expansion project
16:05 Vår Energi AS awarded an EPCI contract to Rosenberg Worley AS
16:03 Low-sulphur marine fuel sales by Gazprom Neft in the first half of the year increased by 11% to 121,400 tonnes
15:48 Samsung Heavy to advance smart ship technology in cooperation with equipment producers
15:36 Throughout of oil port Primorsk in Jan-Jul 2019 increased 14% to 35.74 million tonnes
15:14 New mid-year record for container volumes through the Port of Vancouver
15:11 USCG repatriates 25 migrants to the Dominican Republic
14:27 Port of Vysotsk throughput in January-July rose 7% to 11.14 million tonnes
14:10 Austal signs A$126 mln contract to export two Cape Class Patrol Boats
13:14 Seven-month cargo volumes of Port of Ust-Luga increase 10% to 62 million tonnes (update)
13:05 NORDEN signs multiple long-term global contracts
12:05 APM Terminals Poti to implement uninterrupted 24/7 operations
11:39 Port of St. Petersburg seven-month volumes rise 2% to 35 million tonnes (update)
11:05 Steel cutting ceremony for the next AIDA LNG cruise ship at MEYER WERFT
10:48 Tekmar Energy selected for Formosa 1 Phase 2
10:44 Port of Hamburg seaborne cargo throughput up 4.1 percent to 69.4 million tons in H1 2019
09:55 Crude futures prices tend upward again: Brent Crude rises to $ 58,88, WTI – to $ 55,16
09:34 Baltic Dry Index leaps 97pts to 2047 points
09:27 Bunker prices show mixed movements at Port of St. Petersburg
08:41 MABUX: Bunker market this morning, Aug 16

2019 August 15

18:48 Seven-month box throughput of Ukraine’s seaports leaps 20% to 545.800 TEUs
18:05 Huntington Ingalls Industries announces leadership changes at shipyards
17:05 Scandlines installs Norsepower’s Rotor Sail solution on board hybrid ferry
16:43 Kinder Morgan announces additional projects to enhance capabilities at Houston Ship Channel facilities
16:35 Kalmar service expertise to enhance safety, performance and productivity at OPCSA’s Las Palmas terminal
16:33 Global Dredging Forum in London to address all current aspects of capital and maintenance dredging as expansion opportunity
16:05 Wilhelmsen Ship Management awarded two supramaxes from Stove Shipping AS
15:47 Neste introduces a new IMO2020-compliant low-sulphur marine fuel
15:43 Stena Bulk's CEO appeals directly to the Leaders of India, Russia, Latvia & the Philippines
14:33 Rotterdam Polymer Hub construction starts
14:20 A.P. Moller - Maersk reports strong improvements in earnings in Q2
14:01 Tuapse Sea Commercial Port JSC 1H net profit drops 3.3 times to RUB 1bn
13:52 Port of Oslo speaker to join Int'l Baltic Transport Forum, Sept. 11
13:05 RS supports PortNews сonference on icebreaking and service fleet, to be held prior to NEVA-2019 trade fair
13:02 CMA CGM announces FAK rates from Asia to North Africa
12:06 LUGAPORT terminal construction kicks off at Port of Ust-Luga
12:03 MOL transports fire engines to Paraguay
11:03 Jan De Nul bags 600MW Kriegers Flak contract
10:17 CMA CGM announces FAK rates from Asia to the Mediterranean
10:01 Crude futures prices continue to decline: Brent Crude – to $ 59,09, WTI – to $ 54,92
09:57 Latest frigate Admiral Kasatonov enters shipbuilder’s trials final phase
09:12 Baltic Dry Index leaps by 4.61% to hit 1950-pts mark
08:42 MABUX: Bunker market this morning, Aug 15

2019 August 14

23:00 Sergey Mazokhin takes helm at Nordic Engineering JSC
18:09 Icebreaker Novorossiysk escorts Silver Explorer along the Northern Sea Route
18:05 OOCL revises Trans-Pacific service
17:23 Moscord to add Schneider Electric Marine Product Line
16:35 Wärtsilä turns to startups to help solve some of the biggest problems in the maritime industry
16:05 Round table on import substitution in Russian shipbuilding sector slated to be held on August 29 in St. Petersburg
16:04 HHLA H1 2019 performance report: growth with sustainable success
15:33 Wilhelmsen Ship Management awarded two supramaxes from Stove Shipping AS