• Home
  • News
  • Freeport of Riga strengthens its position among Baltic states’ ports
  • 2014 May 23 11:49

    Freeport of Riga strengthens its position among Baltic states’ ports

    According to statistics data in regards of four months of the current year 13.4 million tons of various cargo have been handled at the Freeport of Riga , that is by 21% more than during the relevant accounting period of the previous year, the port says in its press release.

    Analyzing the increase per cargo segments, it can be concluded that the highest increase of 35.9% is still being generated by the liquid cargo group. Compared to the last year 4 months oil product volume has increased by 1 million tons and reached the amount of 3.8 million tons. Oil products constitute 99.7% of the total liquid cargo segment, so the liquefied gas volume decrease (-66%) has minor impact on the total segment statistics.

    General cargo transshipment via the port of Riga continues to grow, in general, handled volume has increased by 10.3%. The increased volume of containerized cargo at the port of Riga this year can be assessed as strategically significant development in the general cargo segment. 1.3 million tons of containerized cargo were handled this year, that is by 5% more compared to the relevant period of the previous year. The number of empty containers, transshipped via the port, has decreased and that is a positive trend. This might be attributed to the fact that the port terminals are increasingly offering containerization options for transshipment of a variety of cargo, in particular, timber cargo. It allows to optimize cargo transshipment ensuring access to competitive services at the port of Riga.

    In addition to the general cargo segment there is growth in regards of Roll on / Roll off cargo volumes (+ 3.6%). Taking into account relatively successful performance of the general cargo segment, it should be noted that this result can be attributed to increase in various cargo groups – such as metals, food, fish and fish products, as well as chemical cargo. Total cargo turnover in the general cargo segment has reached 2.4 million tons of various cargo.

    Coal cargo constitute the most important share in the dry bulk cargo , its volume compared with the previous year (4 months) has increased by 13% and amounts to 4.7 million tons. It should be noted that the coal cargo comprise about 35% of the total cargo turnover at the Freeport.

    The second major type of dry bulk cargo is mineral fertilizers. Their volume increased by 39% and amounts to nearly 700 thousand tons. The considerable increase in the volume of freight might be attributed to commenced operation of the SIA Riga Fertilizer Terminal in late 2013. It is planned that the capacity of the first phase the terminal will reach 2 million tons per year.

    As for the dry bulk cargo segment - handled volumes of grain and grain product increased sixfold, amounting to 317 thousand tons. Volumes of transshipped ore, peat, scrap metal, as well as crushed stone, asphalt, wood pellets , soy products increased, while transshipped volumes of wood chips decreased, currently amounting to 190 thousand tons. There is a decline in transshipment of various metals, ferroalloy and lumber, but it should be noted that the share of the mentioned cargo in total dry bulk cargo segment is only 2, 6% of the total handled cargo volume.

    Due to the increased amount of the major types of cargo, the overall dry bulk segment has experienced 18% growth, which is 7.2 million tons of dry bulk cargo handled.

    223 thousand passengers were served at the Freeport of Riga during the four months of the current year, which is by 7.3% more than within the same period of the previous year.

2023 November 30

13:19 Osbit to deliver world-first cable repair equipment for N-Sea
12:43 Container lines expect greater Panama Canal disruption
11:58 Norwegian Cruise Line сhristens all-new Norwegian Viva in Miami
11:03 Bay-Houston Towing signs contract with Sterling Shipyard to build multiple Robert Allan designed RAstar 3200-W tugs
10:32 PCF, Oceania and RINA enter into MoU for LNG bunkering project at Port Hedland
10:02 Windcat expands its CSOV fleet to a total of five vessels
09:47 Korean shipbuilding companies actively consider overseas expansion

2023 November 29

18:07 Chinese cargo ship sinks off S. Korea's southwestern coast after drifting from China
17:34 LR to class first newbuild project for mid-size low pressure ammonia-ready LCO2 Carriers ordered by Capital Gas Ship Management at Hyundai Mipo Dockyard
17:19 CMB.TECH and Boeckmans to build 4 future-proof hydrogen-powered 5.000dwt general cargo vessels
16:37 Changing frozen food temperatures by just 3 degrees can save CO2 emissions of 3.8 million cars a year, study shows
16:13 Chinese shipyards beat Korean firms in global orders in 2023
15:58 WinGD debuts Variable Compression Ratio technology on NYK Line newbuilds
15:55 New LNG production and marine bunkering capability at Port Hedland, Western Australia, with a pathway to IMO 2050 ‘zero-emissions’ through onboard hydrogen production
14:31 ClassNK releases "Guidelines for Cyber resilience of on-board systems and equipment"
14:02 Sea-Intelligence: Carrier results drop to pre-pandemic levels
13:09 Report: Tool helps shipping stakeholders identify best ports for developing sustainable first mover initiatives
12:41 Fincantieri launches cruise vessel for Tui Cruises
12:11 SCZONE celebrates the groundbreaking ceremony of the DP World-Sokhna $80m Logistic Park
11:53 GTT receives an order from HD Hyundai Heavy Industries for the tank design of two new LNG carriers
11:10 Four new Purus gas carriers to operate with Wartsila cargo handling systems
10:43 Wartsila signs Electrification and Integration Services agreement for USA’s first zero-emission high speed ferries project
10:23 Diana Shipping announces time charter contract for m/v New Orleans with Kawasaki
09:51 CMA CGM to launch Asia Subcontinent 2 Express (AS2) service connecting Asia with the Indian Subcontinent

2023 November 28

18:07 Major Polish cargo operator selects CTPark Gdansk Port as new HQ with 10-year logistics lease totalling 21,000 sqm
17:21 Delfin Midstream signs long-term LNG supply agreement with Gunvor
17:08 Pyxis Tankers to acquire dry bulk vessel from Safe Bulkers
16:47 TGE Marine wins contract for new PCTC class
16:18 Maersk Supply Service introduces a leaner setup and reduces 55 positions
15:53 Korea dominates global orders for VLACs
15:13 ONE sets container ship cargo record
14:43 Maersk sells remaining shares in Norway’s Hoegh Autoliners
14:23 Mitsubishi Shipbuilding holds christening and handover ceremony in Shimonoseki for demonstration test ship for liquefied CO2 transport
13:42 Panama Canal holds first auction for vessels in queue
13:14 ZIM announces measures in response to threats in the Arabian and Red seas
12:54 IMO Assembly opens
12:43 Allseas’ new barge for shallow water offshore construction activities inaugurated in Singapore
11:58 Container Terminal Altenwerder in Hamburg successfully converted to battery-powered drive
10:35 MAN Energy Solutions announces the release of a dual-fuel version of the high-speed MAN 175D engine
09:58 Nippon Foundation conducts demonstration test of autonomous navigation system on large RORO cargo

2023 November 27

18:07 FEPORT welcomes Port of Lübeck as a new member
17:47 Bulkers stuck as Sierra Leone closes port following armed clashes
17:43 Rem Offshore announces new charter agreements
17:37 Fire on OSV highlights dangers of remote Southern Ocean operations, Australia says
17:13 Chinese vessel exports surge 72% in October
16:57 Danelec acquires Nautilus Labs AI technology platform
14:44 Hudong-Zhonghua delivers LNG Geneva to CSSC Shipping
14:13 Environmentalists block Newcastle port, demanding rejection of new coal projects and 75% tax for clean energy transition
13:42 Scandlines launches zero emissions ferry
13:13 Hanwha Ocean wins $125.5 mn order for VLAC
12:31 Europe cargo ship sinks off Greek island
12:01 Middle East tanker in Middle East safe from attackers after U.S. Navy responds
11:43 AD Ports Group expands shipping operations in Kazakhstan with two new oil tankers
11:12 ONE launches West India North America Service to enhance connectivity in India
10:41 Fincantieri launches the ninth multipurpose frigate “Spartaco Schergat”
10:24 Portuguese Navy signs contract with Damen Shipyards for innovative Multi-Purpose Vessel
09:51 MHI and Orica announce collaboration to explore emissions reduction opportunities

2023 November 26

16:09 Key milestone for one of the world´s most powerful hydrogen fuel cells, TECO 2030 on schedule for first customer deployment H1 2024
14:18 ADES awarded jack-up contract in Indonesia
13:53 Europe: GTT ‘Switching to methanol will mean more emissions and more cost'
12:19 EC launches first European Hydrogen Bank auction with €800 million of subsidies for renewable hydrogen production
10:36 Finland to launch competitive tender for two offshore wind projects

2023 November 25

15:27 HD Hyundai wins $72 mn power equipment order in Saudi
14:01 Business results above plan, growth in key commodity groups - Luka Koper
12:34 Slovenia’s port of Koper a gateway for Vinfast deliveries to Europe
11:56 S&P Global uncovers port performance shifts in Q3 - Port Technology
10:13 New quay opens up new possibilities in the Port of Gothenburg Energy Port

2023 November 24

18:07 Thecla Bodewes Shipyards successfully launches 7.280dwt vessel for Vrtom Group
17:42 IRENA and DP World join forces to advance decarbonisation solutions for ports and maritime logistics
17:13 Full occupancy of the Klaipėda LNG terminal is ensured until 2033