• 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 March 18

18:26 American Roll-on Roll-off Carrier loads Army aviation unit cargo in Thessaloniki
18:16 Wagenborg SPMTs to relocate giant MV-piling rig at the port of Rotterdam Maasvlakte
18:05 RF President launched Balaklavskaya and Tavricheskaya TPPs and Port substation in Taman
18:00 Indian Register of Shipping wins 5-year contract to provide Emergency Response Services for 33 vessels of The Shipping Corporation of India
17:36 Kawasaki Heavy Industries delivers bulk carrier Divinegate for Indigo Marine Shipping
17:30 NCSP Group’s consolidated cargo turnover for January 2019 increased by 3.3% to 12.063 million tonnes
17:05 Fincantieri starts works in Ancona on the new ship for Viking
16:38 RF Government allows LNG transportation along Northern Sea Route by certain foreign ships
16:32 Flensburger Schiffbau-Gesellschaft delivers sixth new building Ro-Ro for SIEM
16:27 Castor Maritime announces time charter contract for Panamax vessel with Oldendorff Carriers
16:13 CMA CGM announces GRR from East Coast South America to West Africa, East Africa, South Africa, Arabian Gulf and West Coast North of India
15:52 Average wholesale prices for М-100 HFO up to RUB 19,421 in RF spot market
15:51 Two NYK tugboat subsidiaries to merge
15:33 Global Ports Holding and MSC Cruises announce agreement to support Antigua
15:20 Iceberg to develop design and engineering documentation for nuclear-powered icebreaker of project 10510, Leader
15:13 CMA CGM announces GRR from Asia to South Africa
14:33 CMA CGM to apply GRI from Canada West Coast to worldwide destinations (Excluding Africa, EU, Russia and USA)
14:01 MSC adds vessel to its Lone Star service from Asia to USEC and Gulf of Mexico
13:46 Victor Gusev appointed General Director of Nakhodka Sea Fishing Port
13:27 Jumbo wins offshore subsea decommissioning project in North Sea
13:11 The largest fuel tanker to enter Port of Newcastle
12:55 10 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on March 17-18
12:31 Contship Italia S.p.A. has entered into negotiations with MSC for sale of MCT
12:10 Maersk Line announces FAK rates – Scope Far East Asia to Mediterranean
11:51 Russia, Finland satisfied by shipping and environmental cooperation in Baltic and Arctic regions
11:32 Navig8 Chemical Tankers enters into sale and leaseback agreements with ICBC for four 37,000 DWT product oil/chemical tankers
11:02 Incheon Port container volumes up 7.5% to 266,000 TEU in January 2019
10:44 MABUX: Bunker market this morning, Mar.18
10:15 SCF achieved adjusted profit of USD 6.9 million for 2018 vs USD 5.3 million loss for 2017
09:54 USA, EU and Canada impose sanctions on several Russian shipyards
09:36 Brent Crude futures price is down 0.21% to $67.02, Light Sweet Crude – down 0.21% to $58.61
09:19 Baltic Dry Index is up to 730 points
08:07 Port of Oakland cargo volume down 1.3 percent in February 2019
07:26 Port of Long Beach container volumes down 9.8 percent in February 2019

2019 March 17

17:04 HII installed main mast of USS George Washington (CVN 73)
15:12 Anthony Veder expands its fleet with new 30 000 cbm LNG carrier
14:48 Ingalls Shipbuilding hosts keel-laying for America-class LHA 8
13:08 Bouchard takes delivery of ATB unit M/V Evening Breeze and Barge No 252
11:30 SCHOTTEL propulsion systems for IMR vessel “Paul Candies”

2019 March 16

16:48 Borr wins contract in Mexico for premium jack-up rig duo
15:39 Meyer Turku floats out LNG powered cruise ship Costa Smeralda
14:43 KfW IPEX-Bank: Two additional transport vessels for Royal Arctic Line A/S financed
13:51 Kirby closes the acquisition of the Cenac Marine Services marine transportation fleet
12:37 RINA: Investing in industry 4.0 for growth
11:32 DP World reports 20% revenue growth in 2018

2019 March 15

18:29 IMO strengthens coal moister control
18:04 NORDEN invests in West African region
17:08 Wärtsilä's installation of three energy storage systems onboard of offshore construction vessel to deliver fuel and emissions savings
16:44 Autonomous Vessel Protection Detachments supporting the World Food Programme
16:19 TNG secures time-charter employement for product tanker MT Velebit
16:05 Hapag-Lloyd starts new service connecting Turkey and US East Coast – TNE Service
15:46 Finnpilot invests in safety work and the digitalisation of navigation
15:24 Teekay Tankers announces changes to Board of Directors
15:05 CMA CGM updates ISPS (vessel) surcharge
14:40 Ice-class buoy tender of Project 02780М, named Fortuna, joins Rosmorport’s fleet
14:26 Wärtsilä successfully tests remote guidance service capabilities
14:05 New cruise ship for Royal Caribbean to leave Papenburg on Tuesday, March 19 2019
13:07 Port of Virginia volumes up to 228,151 TEUs in February 2019
12:35 14 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on March 14-15
12:07 Equinor receives the authorities’ approval for extending the life of eight installations on the Norwegian continental shelf