• 2019 December 2 11:59

    Record cargo turnover registered at the Port of Riga in October

    In terms of the volume of handled cargo, October was the most successful month this year, the Port of Riga says in its press release. New monthly records were set for cereals, wood chips and container cargo segments. This is also resulted in more ships arriving at the Port of Riga. In October, there were as many as 311, which is the highest monthly number this year.

    “Record high cargo turnover at the Port of Riga can be attributed to the fact that in several cargo groups this is the most active handling time, as these groups have a certain seasonality. For example, most cereals are handled during the harvest, while the flow of wood fuel, including wood chips, increases before the heating season,” explains Ansis Zeltiņš, the CEO of the Freeport of Riga.

    However, the flow of container cargo is not significantly affected by seasonal variations. The number of containers handled at the Port of Riga has already been growing for several years, reaching new record highs on regular basis. This year, the port also managed to handle slightly more containers than at the same time last year, and the total volume of container cargo has already exceeded 4 million tonnes. Furthermore, with 461,000 tonnes of container cargo handled, this October has been the most successful month ever for the port in this cargo segment.

    This year, the volume of coal handled by the Port of Riga was significantly affected by the completion of new infrastructure at Krievu sala and the transfer of coal handling operations from the centre of the city to new terminals on the left bank of the Daugava River. “It is clear that relocation of terminals is not as simple as switching off the light on one bank and switching it on on the other. It required a set of technically complicated measures, and during this process some cargo was redirected to different ports. Thus, during the last few months, cargo flows were smaller at the port,” explains the CEO. As coal makes up approximately one third of all cargo handled at the Port of Riga, fluctuations in this cargo group significantly affect the general statistics. “But October was the first month when the volume of handled coal again exceeded 1 million tonnes since the transfer of coal operations to Krievu sala,” continues Ansis Zeltiņš.

    The timber segment is also experiencing a positive trend: not only monthly, but also annually. In this group, the turnover of wood pellets has significantly increased by 43% year on year. Also, the turnover of wood chips has increased by 20%. Exports of wood pellets and wood chips have been supported by stable demand that tends to increase with every heating season, as well as by the low price of raw materials required for the production of these products.

    With respect to cargo handling, cereals produced notable growth. This year, the Port of Riga has managed to handle one third more than during the same period last year. Thus, we have already achieved last year’s totals, setting a new absolute record for the port in this cargo group. Approximately a half of the handled cereals was produced in Latvia, and the rest originated from transit consignments received mostly from producers in Russia and Lithuania.




2019 December 15

14:05 SAL Heavy Lift becomes world’s first to equip vessels with new hydrogen / methanol injection technology
13:16 Nauticor’s "Kairos" received the first LNG bunker license in the Port of Rostock Hamburg
12:01 USCG begins ice breaking operations in western Great Lakes
11:48 Iridium continues GMDSS readiness with announcement of launch partners
10:41 Farid Salem honored by the Lloyd’s List Lifetime Achievement Award

2019 December 14

15:48 USCG returns majority of New York Waterway ferries to service
14:31 SK Telecom and SHI successfully verified 5G-powered autonomous and remote control navigation test platform using a test ship
13:19 Mitsubishi Corporation participates in FPSO project in Brazil
11:54 SEA\LNG's study underlines LNG as a compelling investment solution for VLCCs on the Arabian Gulf to China trade route
10:46 GTT Training receives the ‘LNG World Shipping Safety Award 2019’
08:55 Draft strategy for development of Russia’s Arctic through 2035 to be presented to Vladimir Putin by year end

2019 December 13

18:17 New ecological equipment enters berths of Multipurpose Reloading Complex in Ust-Luga
17:22 Total's Mozambique LNG Project gets $400 mln loan from African Development Bank
17:03 Port of Los Angeles and Indonesia Port Corporation sign cooperative agreement
16:33 ABB wins contract to power Genting’s next-generation cruise vessels
16:12 ABB completes delivery for the world's most advanced icebreaking LNG carrier fleet
16:03 Windermere Lake Cruises new vessel launched in Damen Technical Cooperation project
15:33 MacGregor deck handling solution supports China’s Xue Long 2 icebreaker operation
15:12 Polarcus awarded 10-month acquisition program offshore Brazil
14:32 Rotterdam Port Fund invests in Fleet Cleaner
14:11 Subsea 7 awarded contract offshore Norway
13:43 Moín Container Terminal reaches 1 million TEUs
13:31 New container terminal opens in northern Italy
13:05 Aker Solutions to provide subsea production system for phase two of Aker BP's Ærfugl
12:30 Jifmar Offshore Services acquires Delta Marine
12:04 SBM Offshore signs FPSO Sepetiba contracts
11:30 Abu Dhabi Ports announces AED 4Bn expansion projects at Khalifa Port on its 7th Anniversary
11:27 Damen signs contract with Cotecmar for DTC hydrographic research vessel
11:12 WMU and EMSA cooperate on capacity building and research
11:03 SAL Heavy Lift becomes world’s first to equip vessels with new hydrogen / methanol injection technology
10:48 Murmansk Sea Fishing Port handled 245,000 tonnes of cargo in 11M’2019, down 20.7% Y-o-Y
10:34 Overseas Shipholding Group and American Shipping Company jointly announce extension of tanker charters
10:24 WMU President reports to the IMO Assembly
09:59 Kawasaki Heavy Industries launches the world's first liquefied hydrogen carrier
09:43 MABUX: Bunker market this morning, December 13
09:29 Brent Crude futures price is up 0.65% to $64.62, Light Sweet Crude – up 0.52% to $59.49
09:13 Baltic Dry Index is down to 1,388 points

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