• 2019 February 20 14:54

    SIA Extron Baltic receives award for rapid growth in the Port of Riga

    Every year, the Freeport of Riga Authority evaluates the performance of the port companies in the previous year and gives awards to the best in several nominations. The 2018 Freeport of Riga award in the Most Rapid Growth nomination was presented to SIA Extron Baltic, which has grown from a very small stevedore operator into a major player in the Port and is closing in on the top 10 cargo terminals in the Port. In 2018, the amount of cargo passed through the terminal exceeded the threshold of half a million tons. Moreover, the company’s growth has been steady since 2010. During that time, the company has become the largest handler of general cargo.  

    Presenting the award, Ansis Zeltiņš, CEO of the Freeport of Riga, said: “These companies, despite geopolitics and other market fluctuations, keep moving forward and make an invaluable contribution to the overall growth of the Port inspiring and acting as an example for the rest of the port businesses.” 

    Extron Baltic is the largest metal product handler in the Port of Riga and one of the main niche players in the Baltic region. Metal is a product that is not shipped out of Riga, but is imported here. Most of the cargoes come by sea from Russia and then go overland to customers in Latvia, Estonia, Lithuania and even Poland. 

    Jevgeņijs Šafarevičs, Executive Director of Extron Baltic, explained the foundation of the company’s success: “Factors that facilitate growth are steady market demand for metal products and effective work of our terminal, which allows handling these cargo volumes. At the same time, our customers can send their cargoes through our terminal thus boosting their metal product turnover in the Baltic region.”

    The 13 hectare site managed by Extron Baltic used to be a concrete structure production facility. Its infrastructure, i. e. buildings and spacious warehouses, turned out to be perfectly suited for metal products. Railway access is very important, too. It allows the company to handle grain and other bulk freights in addition to metal products. “Access by railway is a precondition for being in this game. If we talk about bulk freight, all transit cargoes come by railway only without any exceptions,” added Jevgeņijs Šafarevičs.

    The company also thinks about its further development. Half a million tons of transferred cargoes is close to the maximum capacity of the terminal, but next to ExtronBaltic on the left bank of the River Daugava there are 40 hectares of undeveloped land. Jevgeņijs Šafarevičs mentioned that together with other port companies they are considering their options to develop that plot of land.  

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
12:48 Pella Shipyard launches tugboat of project 90600, Sadko, built for Sevmash-Shelf (video)
12:31 Port of Oakland exports up 8.4 percent in May 2019
12:01 North Carolina Ports adopts Vortex port equipment simulator
11:30 MEYER WERFT announces the keel laying for the new cruise ship IONA
11:15 Throughput of port Shanghai (China) in Jan-May’19 declined by 1.3% to 225.91 million tonnes
11:00 Panama Canal issues proposal to modify tolls structure
10:59 Bunker sales at the port of Singapore in Jan-May’2019 fell by 7.7% Y-o-Y to 19.79 million tonnes
10:37 Fincantieri's Muggiano shipyard launches PPA “Paolo Thaon di Revel”
10:21 CMA CGM announces FAK rates from Asia to the Mediterranean
10:01 Brent Crude futures price is up 0.26% to $62.17, Light Sweet Crude – up 0.19% to $52.87
09:38 Port of Singapore throughput in Jan-May’2019 was nearly flat YoY at 261.39 million tonnes
09:19 Diana Shipping commences self tender offer to purchase up to 2,000,000 shares
09:16 MABUX: Bunker market this morning, June 17
09:10 Baltic Dry Index is up to 1,085 points

2019 June 16

17:13 DC area agencies to conduct mass rescue exercise off National Harbor
16:05 Boskalis appointed as salvor for both damaged tankers in the Gulf of Oman
15:53 Fincantieri and Naval Group sign a joint venture agreement
13:47 Diana Shipping Inc. announces the sale of a Panamax dry bulk vessel, the MV Thetis
12:47 WSC unveils its hybrid patrol vessel at Seawork 2019
11:41 GasLog Partners LP announces new multi-year charter agreement with Gunvor

2019 June 15

15:44 Wight Shipyard rolls out its new windfarm support vessel concept at Seawork Int'l 2019
13:17 Malta Freeport hosts its first LNG-powered container ship
12:53 Petrobras closes the sale of TAG
11:41 USCG, local partners respond to sailing vessel aground off Magic Island
08:43 Vessel training simulation underway at Tema Port’s new Terminal 3

2019 June 14

18:05 Ole Martin Grimsrud appointed CFO of Aker Solutions
17:44 USCG Cordova FOL crew saves man stranded for three days on Montague Island
17:05 Knud E. Hansen wins two separate contracts for innovative large RoRo vessels
16:41 Hapag-Lloyd to increase rates from North East Asia to Australia
16:26 Murmansk Sea Fishing Port handled 90,300 tonnes of cargo in Jan-May’2019, down 38.7% Y-o-Y
16:05 CMA CGM announces GRR from Asia to South Africa
15:14 “K” Line receives recognition for vessel speed reduction programs in the West Coast of North America
15:00 UK maritime industry leaders debate decarbonization, digital technologies and the future of safety at the annual ABS UK National Committee meeting
14:00 China Railway Container Transport signs strategic cooperation agreement with SITC International Holdings
13:38 Container throughput of Vladivostok Sea Fishing Port in 5M’2019 up 39% YoY to 89,649 TEUs
13:09 Algoma increases its interest in in the CSL International Pool
12:41 Port of Klaipeda (Lithuania) handled 19.77 million tonnes of cargo in 5M’2019, up 8.5% Y-o-Y
12:09 Global Ship Lease announces new charter agreements
11:32 Bunker prices continue going down at the port of Saint-Petersburg, Russia (graph)
11:09 ECSA issues statement on suspected attack on two oil tankers in the Gulf of Oman
10:51 France signs up to fishing vessel training treaty
10:30 Zhatai Shipyard to let build up to 10 river ships and scrap at least two ships per year