• 2019 September 20 15:19

    Port of Riga rapidly increases volume of handled wood pellets

    In August, the Port of Riga handled a record volume of wood pellets. According to the port’s press release, during a single month, port terminals managed to handle more than 200,000 tonnes of pellets. Also, year on year this cargo group has shown impressive growth. During the first eight months of this year, the year-on-year increase in the volume of wood pellets shipped from the Port of Riga was 55.4%.

    Several factors contributed to this impressive outcome. First, there was high demand for Latvian granules in the main markets of Western Europe. The demand was fuelled by the global trend of substituting fossil fuels with renewables, including wood pellets. Of late, the demand has also been fuelled by seasonal factors, namely, people are stocking up on fuel for the next winter season.

    Second, Latvia has also managed to increase production and export volumes significantly, which was facilitated by the availability of raw materials and decrease in prices. “Currently, there is smaller demand for Latvian timber in Scandinavian markets. This benefits the local pellet producers, who can now operate their facilities at maximum capacity. Thus, they can also sell more and meet demand in export markets,” explains Atis Šulte, Business Development Director of Rīga Universālais terminālis LLC, which operates from the Port of Riga.

    In the Port of Riga, wood pellets are handled by nine companies. The share of Rīgas Universālais terminālis LLC is more than 65%. Of late, the company has made significant investments in deepening and lengthening its berth and introducing advanced loading technologies. This makes it possible to receive and service large Panamax type vessels, which is very important in the case of wood pellets. “To optimise costs, our customers rely on ever larger vessels. It is possible to cut per tonne costs if the ships are larger and can accommodate more. We have to meet customer requirements and be able to service these ever larger vessels in suitable berths,”underlines Atis Šulte.

    The third largest terminal as to the volume of wood pellets at the Port of Riga is a family owned company B Port LLC, which took over the land of the port and its berths in Mangaļsala on the right bank of River Daugava seven years ago. This company handles grain, peat, fertilisers and timber, though a half of its volume is generated by wood pellets. Since starting at the Port of Riga, B Port LLC managed to increase the volume of handled pellets more than tenfold. “At the very beginning, we handled 20,000 tonnes of pellets per year. But now we can deal with the same amount in only a month,” explains Artūrs Batraks, the Director of B Port LLC. The company is also positive about the future growth of this group of cargo. “So far, we have seen that this sector is growing consistently. There are many customers, and they are even queuing up for warehouse space,” continues Artūrs Batrags.

2019 October 20

16:05 EDPR and Aker Solutions to develop 500MW floating wind farm in Ulsan, South Korea
15:25 Coast Guard updates port conditions in Gulf Coast region
14:47 Siemens Gamesa bags three new contracts for 359 MW in Chile
13:41 Fincantieri begins project for stretching three small cruise ships of Windstar
12:34 MSC introduces new Spanish rail service for reefer cargo
11:03 USCG, Mexican Navy search for overdue aircraft in Gulf of Mexico
10:12 DOE authorizes LNG exports from the Venture Global Plaquemines LNG Project

2019 October 19

16:12 Bibby Marine appoints Helen Samuels to lead the company into its next phase of development
14:58 Med Marine is building new concept ice class tugs for Svitzer
12:34 Sohar Port & Freezone inaugurate new Svitzer pilot boat duo
11:44 USCG offloads more than $92 million worth of cocaine in San Diego
10:49 Singapore company slapped with NOK 7 million fine in the Harrier case

2019 October 18

19:19 New port icebreaker named Ob delivered to FSUE Atomflot
18:54 Port Kolomna hosted ceremony of consecration for pusher tug named Sergey Kladko
18:31 RF Ministry of Transport to expand area banned for navigation near Crimea bridge
18:12 Northwest Seaport Alliance’s Clean Truck Program earns AAPA environmental award
17:57 NUTEP Container Terminal handled three millionth TEU since its operations started in 2004
17:38 Expert RA affirms its ‘ruA’ non-financial company credit rating on DeloPorts
17:13 Port of Virginia buys 25 new hybrid shuttle carriers
17:00 First grain shipment via Sabetta port expected in July 2020 – RF Ministry of Agriculture
16:46 Onezhsky Shipyard delivers buoy tender of Project 3265 named Ladozhsky
16:20 ERMA FIRST invests in METIS Cyberspace Technology
15:45 International organizations unite at IMO
15:14 "K" LINE, MOL, & NYK share data with ONE through the common data platform "IoS-OP"
14:49 Main engines loaded onto lead ship of PV22 project at Nevsky Shipyard
14:12 ESPO publishes European port sector’s Environmental Report 2019
13:53 Blagoveshchensk shipyard resumed construction of modernized seiners of Project 1338
13:32 Total launches its first LNG bunker vessel
13:12 SBM Offshore successful bidder for partner’s minority ownership in SBM Offshore operated FPSO companies
12:54 BIMCO submits proposals to IMO to enhance exchange and harmonization of data
12:31 MSC rules out Arctic exploration on environmental concerns
12:01 British Ports Association publishes new assessment of business environment ahead of annual conference in Belfast
11:30 Port of Antwerp volume up 1.1% in September 2019
11:05 DNV GL awards AiP certificates to HHI for three types of standard mid-sized FPSOs
10:37 RF Navy’s cruiser Marshal Ustinov completes business call to Cyprus
10:03 Hapag-Lloyd announces GRI from East Asia to East Coast South America
09:54 Bunker prices are flat at the port of Saint-Petersburg, Russia (graph)
09:36 Baltic Dry Index is down to 1,861 points
09:18 Brent Crude futures price is down 0.50% to $59.61, Light Sweet Crude – down 0.13% to $53.86
09:01 APM Terminals launches global customer alerts solution
08:42 MABUX: Bunker Market this morning, Oct 18
08:05 MOL introduces AR Navigation System at Maritime Conference in Dubai
07:52 The European shipping industry urges the EU to bolster maritime security in the Gulf of Guinea

2019 October 17

18:12 World's first emission-free push boat “Elektra” to have SCHOTTEL propulsion units
17:47 Five vessels call at the port of Brussels to show technological solutions to cut CO2 and air emissions
17:45 Nexans celebrates the next step in the construction of its Aurora cable installation vessel
17:43 Lotos shipyard delivers non-self-propelled cargo pontoon of Project GRPN
17:41 DFDS takes delivery of third Chinese-built RoRo
17:19 RroZero rolls out new 12m Site-Management boat for fish farming markets
16:14 North Sea Port offers online liner services
15:50 Ships detachment of RF Navy’s Pacific Fleet arrive on business call to Kingdom of Thailand
15:26 Maldives received maritime security training from IMO on the ISPS Code
15:02 Maritime policy for sustainable development was in focus of IMO national workshop in Chile
14:37 IMO workshop helps put maritime development in Africa’s mainstream
14:11 VT Halter Marine launches first US-flagged offshore LNG bunker ATB barge for Q-LNG
13:25 Bunker prices are flat at the Far East ports of Russia (graph)
13:01 Port of Oakland container volume up 3.1 percent in September 2019
12:41 Thordon to supply propeller shaft bearings for MSC Cruises' third Seaside class cruise ship
12:08 Oboronlogistics launched new shipping line linking ports of Novorossiysk, Tartus, Alexandria and Samsun
11:39 NIBULON MAX made her first cargo trip