• 2019 March 22 09:23

    Manufacturing at the Port of Riga beneficial for both businesses and the Port

    The Port of Riga future vision outlined in the Freeport of Riga Development Programme for 2019-2028 foresees transformation of the Port into a smart logistics centre with high added value services and production facilities, the port says in a press release. Development of manufacturing at the Port is a way to create jobs, generate income and ensure stable cargo turnover in the long term perspective. Numerous successful, rapidly growing companies that implement high-quality impressive production projects at the Port which serve their customers all over the world, prove that the Port of Riga is an attractive location for launching new production facilities already at this moment. Operation of these companies at the Port is equally beneficial for the companies and the Port.

    “Madesta” in its production facility at the Port of Riga manufactures large metal structures for oil, gas and various bulk material storage tanks. The company launched business in 2000 in Crimea, Ukraine. After the events of 2014 in Ukraine and following sanctions the company moved all its operations to Latvia. Currently “Madesta” is one of the largest tank manufacturers in Europe with 25 thousand tonnes of products manufactured last year.

    “Today we participate in all major tank construction projects in Europe”, “Madesta” Chairman of the Board Sergii Ganzelynskyi tells the story of the company’s growth. Since 2017, various large scale liquefied natural gas terminal construction projects are under implementation in Europe. They are financed by the US energy giant ExxonMobil to supply shale gas from the USA. “Madesta” supplied steelwork for the construction of the Antwerp terminal and is currently manufacturing structures for terminal construction in Rotterdam. “I am proud that Latvia enables construction of the largest terminals in Europe and in the world!” added Sergii Ganzelynskyi.

    Manufacturing of steelwork for storage of hazardous substances is a complex and knowledge-intensive process. Moreover, the quality requirements for the sheets are that strict that each of them is tested with ultrasound before loading to make sure everything is right. Sergii Ganzelynskyi: ‘We have proven to our customers that we can ensure perfect quality and meet all deadlines at competitive prices. We have a number of advantages, including our location at the Port and ability to provide skilled staff for terminal installation.”

    The leader of “Madesta” sees great development opportunities for manufacturing development at the Port of Riga: “The Port is important for the company’s operations and boosting its competitive advantage. Both the supply of raw materials and delivery of ready-made goods to the customers is executed by sea. In addition, our location in the Port allows us to offer our customers a special service, i.e. large-scale structures are assembled in Riga on the Port’s pier. Together with the Port terminal Extron Baltic we have developed solutions to load assembled large-scale structures on ships and deliver them to our customers thus reducing assembling time ans costs. So far, we are the only company to offer such service and that allows us edging ahead of our competitors.”




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