• 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 December 12

18:36 EBRD finances Tekirdag port on Turkey’s Sea of Marmara
18:05 Dutch Drone Delta established with Port of Rotterdam Authority support
17:51 Port of Southampton continues infrastructure investment with £3m crane
17:30 Baltic Workboats shipyard delivers 19 WP Oilrec workboat
17:05 The European Federation of Inland Ports welcomes the Green Deal for Europe
16:46 MOL orders 2 next-generation 'EeneX' coal carriers
16:43 Throughput of port Kaliningrad in Jan-Nov’2019 fell by 21% Y-o-Y to 10.20 million tonnes
16:26 Klaipėda LNG terminal welcomed three large and four small LNG vessels in November
16:05 Air quality sensor in the Port of Rotterdam checks sulphur emissions from shipping
15:57 Throughput of port Vyborg in Jan-Nov’2019 fell by 35% Y-o-Y to 1.12 million tonnes
15:34 Alewijnse wins electrical contracts for two additional Combi Freighters at Damen Yichang Shipyard
15:00 Throughput of port Vysotsk in Jan-Nov'2019 climbed by 6% Y-o-Y to 17.90 million tonnes
14:36 Krasnoye Sormovo shipyard launches dry cargo carrier Pola Anastasia of Project RSD59
14:12 CMA CGM announces FAK Reefer Rates from North Europe to Asia and Middle East
13:53 Bunker market sees mixed price movements at the Far East ports of Russia (graph)
13:31 NLNG signs sales deal with Vitol SA
13:12 Austal USA delivers USNS Puerto Rico to U.S. NAVY
12:49 Throughput of port Primorsk in Jan-Nov’2019 grew by 16% Y-o-Y to 56.25 million tonnes
12:24 Lead nuclear-powered icebreaker of Project 22220, Arktika, left for sea trials
12:00 ABS publishes Fuel Cell Guidance to support industry decarbonization objectives
11:38 Port of Ust-Luga handled 95.31 million tonnes in 11M’18, up 6% Y-o-Y
11:13 Throughput of Port St. Petersburg in 11M'2019 grew by 2% to 55.01 million tonnes
11:10 Verifavia Shipping undertakes IHM services for 29 Attica Group vessels
10:56 Wärtsilä to divest its ELAC Nautik business
10:49 Throughput of port Riga (Latvia) in 11M’2019 fell by 9.4% Y-o-Y to 30 million tonnes
10:26 TransContainer dispatched test train from Korea to Poland
10:05 MABUX: Bunker market this morning, Dec 12
09:47 Brent Crude futures price is up 0.41% to $63.98, Light Sweet Crude – up 0.14% to $58.84
09:31 Baltic Dry Index is down to 1,460 points
09:08 Viking Line’s new vessel to be equipped with Climeon Heat Power System
08:12 Nautilus Labs becomes new Inmarsat fleet data application provider

2019 December 11

18:33 Kongsberg and the Norwegian Society for Sea Rescue join forces to develop new SAR solutions
18:03 DOF Subsea secures integrated FSV contract in Africa
17:50 NCSP Group's consolidated cargo turnover for 10 months of 2019 totaled 121.2 million tons
17:32 Equinor completes the acquisition of a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia
17:25 LNG in the era of decarbonization: the 6th International LNG Congress 2020 brings up environmental questions
17:13 Port Houston sets new records at container terminals in November 2019
16:54 World's first liquefied hydrogen carrier SUISO FRONTIER launches building an international hydrogen energy supply chain aimed at carbon-free society
16:32 Seaspan Shipyards delivers its second offshore fisheries science vessel to the Canadian Coast Guard
16:13 Port of Virginia сargo volume up nearly 4% in November 2019
15:49 Throughput of port Taganrog in 11M'2019 fell by 7% to 2.59 million tonnes
15:32 Aker BP first ever to use new well stimulation method offshore
15:12 Port of Savannah container volumes up 5.4 percent in November 2019
14:51 Sovcomflot named Company of the Year at the 2019 Lloyd’s List Europe Awards
14:32 Aker Solutions secures contract to support the development of BP’s Cypre project, offshore Trinidad and Tobago
14:12 Port of Oakland export volume up 5.8 percent in November 2019
13:50 Bunker prices are flat at the port of Novorossiysk, Russia (graph)
13:32 Belships enters into two letters of intent for the acquisition of two Ultramax bulk carriers
13:11 Port of Los Angeles moves 728,918 TEUs in November 2019
12:47 Dredge Yard receives an order for a customized Cutter Suction Dredger from Western Potash
12:47 Yamal LNG received all 15 Arc7 ice-class tankers
12:25 Wärtsilä & CSSC Huangpu Wenchong Shipbuilding Company Limited agree to jointly develop hybrid vessels for the future
12:23 Admiralteiskie Verfi shipyard starts metal cutting for fourth super trawler ordered by Russian Fishery Company
12:01 ABS and DSME sign digitalization and decarbonization JDP agreement
11:31 New mobile crane increases APM Terminals Yucatán’s productivity by 40%
11:19 Throughput of Russian seaports in 11M'2019 grew by 2.7% to 766.8 million tonnes of cargo (detalization)
11:12 First LNG bunkering delivered concurrent cargo operations in port of Amsterdam
10:59 Port of Long Beach cargo volumes dip 3.5% in November 2019
10:54 Navigation season of 2019 is over on Russia’s IWW with shipping closed in Azov-Don Basin
10:30 MABUX: Bunker market this morning, Dec 11