• 2015 July 22 17:13

    Freeport of Riga is ahead of its closest rival by almost 2.2 million tons

    In the first half of the current year the Freeport of Riga increased its cargo turnover by 2.3% in comparison with the relevant indicators of the same period of 2014, having handled 20.64 million tons. Average monthly amount handled at the Freeport is 3.44 million tons of various cargoes, the Port Authority said in a press release.

    In the first half of 2014 11.65 million tons of dry bulk cargo were handled at the Freeport of Riga, which is by 4.2% more than in the first half of 2014. The greatest growth dynamics is still observed in mineral fertilizers transshipment (+ 28.4%), reaching 1.4 million tons. Although coal transshipment growth dynamics has decreased, it still maintains a positive growth (+ 2.6%). Overall, 7.54 million tons were handled in this cargo group.

    The unspecified dry bulk cargo group should be highlighted as the important one, demonstrating 17.5% growth, and thus 1.47 million tons turnover was reached. In this group, the highest proportion and at the same time the highest growth trend (+ 52.8%) is demonstrated by wood pellet transshipment. Total amount of handled pellets accounts for 703 thousand tons. The second most important cargo of this group are stone chips, the transshipped amount of which this year is by 10.4% higher than during the last year's first half.

    The positive trend is observed in peat (+ 22.6%), wood chips (+ 5.8%) and lumber (+5.2%) transshipment.

    By contrast, turnover reduction occurred in grain and grain products, iron ore, metal scrap, different metals and ferro-alloy cargoes.

    The fact that the general cargo turnover in recent months managed to stay at the previous year's level, but in general demonstrated a reduction in the framework of the six months of the half of the current year, might be attributed to several reasons, that are related to both the ferry trip reduction and global market changes. Due to the impact of many aspects, the general cargo turnover in the first half of the current year was by 10.5% lower than during the relevant reporting period of 2014. Although containerized cargo volume decreased only by 1.8% and it is the smallest decline among the Baltic ports, the situation is not encouraging. Therefore the existing trends should be reviewed and new solutions for increasing containerized cargo volume again should be found. Within six months 1.93 million tons of containerized cargo were transshipped.

    This segment demonstrates decrease in the roll on/roll off, various metals, timber, fish and fish products, food and unspecified general cargo volumes.

    Liquid cargo segment represents a very large proportion of the Freeport of Riga operation, so the stability of the segment is assessed as a guarantee of stability of the Freeport of Riga operation as a whole. In the first half of the current year the Freeport terminals handled 5.8 million tons of liquid cargoes, which is by 6.8% more than in the first six months of 2014. Basically, these are oil products, but there has also been an increase in liquefied gas and unspecified liquid cargo groups.

2021 September 17

15:46 Port of Melbourne CEO announces retirement
15:25 Transneft Baltic holds large-scale firefighting and tactical drills at Ust-Luga Oil Depot
14:18 Grain traders to address RF Ministry of Agriculture and ask it revise grain export duty calculation system
13:27 Rostov Grain Terminal handled 80,000 tonnes of grain in August 2021
12:10 APM Terminals Poti marks two years without injury and celebrates its safety culture
11:56 Vitol’s V-Bunkers to bring electric-hybrid bunker tankers to Singapore harbour
11:05 ABS and DSME to develop very large liquefied CO2 carrier
10:55 DP World to invest £300m in new fourth berth at London Gateway logistics hub
10:34 Severnaya Verf shipyard launches third processing trawler of Project 170701, Kapitan Ostashkov (video)
09:58 The Port of Calais officially inaugurated
09:26 Crude oil market sees downward price correction
09:23 MABUX: No firm trend is registered on global bunker market on Sep 17
09:09 Baltic Dry Index as of September 16

2021 September 16

18:35 Boskalis completes EUR 100 million share buyback program
17:30 Construction of port Lavna kicked off in Murmansk Region
17:21 APM Terminals opens first “Fast Corridor” between Vado Ligure reefer terminal and inland customers in Italy
17:05 Wärtsilä cloud simulation now available on-demand via OTG’s Ocean Learning Platform
16:41 Evergreen’s Ever Ace with WinGD’s large bore X92 bore size engines crossed the Suez Canal
16:14 The new Port of Calais officially inaugurated after six years of construction
15:45 Southampton’s newest cruise terminal officially opened
15:35 Organizers of International Conference “Development of Icebreaking and Support Fleet“ offer the event programme
15:14 Dublin Port publishes Port Infrastructure Charges Pricing Strategy 2022 to 2026
14:53 Port of Oakland beef export volume up 25 percent in Jan - July 2021
14:37 UK ports welcome public support for clean maritime projects
14:26 IVECO and Nikola sign MoU with Hamburg Port Authority for zero-emission Class 8 battery-electric trucks
13:40 SMM Maritime Industry Report (MIR) shows industry on track for sustainability
13:16 MABUX: Bunker Weekly Outlook, Week 37, 2021
13:02 Port of Los Angeles cargo volume exceeds 954,000 TEU in August 2021
12:11 Sharrow Marine announces plans to roll out an exclusive OEM Sharrow Propeller™ Boatbuilder Program
11:47 TransContainer arranged transit transportation from Korea to Turkey via Far East and Novorossiysk ports
11:24 DOF Group announces new contracts in Brazil
11:02 Cargo-passenger ferry Pavel Leonov arrived at Korsakov, the ship’s homeport
10:38 Capacity of Vostochny Port’s multipurpose complex to be raised to 117,000 TEUs per year
10:21 Norwegian Ministry of Petroleum and Energy sees great interest in the Norwegian continental shelf
10:13 DFDS acquires ICT Logistics
09:49 Crude oil prices continue rising driven by data on reduction of reserves
09:30 Maersk acquires a Portuguese cloud-based logistics start-up HUUB
09:16 Baltic Dry Index as of September 15
09:15 MABUX: Global bunker prices may rise sharply on Sep 16
08:28 Castor Maritime announces new charter agreements

2021 September 15

18:43 Royal Phuket Marina’s inner-channel dredging project to deliver round-the-clock access for boats up to 35 metres
18:37 NJEDA and PSEG sign 78-year lease for the New Jersey Wind Port
18:17 PGS sets multiple acquisition records
17:55 Nefteflot lays down two ships of Project RDB 66.62
17:31 Subsea 7 awarded FEED contract in Norway
17:30 Gazpromneft Snabzheniye and Yamal-Nenets Autonomous Region to develop industrial and logistics park Obsky Prichal in Labytnangi
17:09 bp and NYK Line join forces to help decarbonise hard-to-abate sectors
16:57 SFL sells seven handysize bulk carriers
16:51 Yantar shipyard launches production of thermal and sound insulation
16:06 Sea Machines Robotics to embark on 1,000 nautical mile autonomous and remotely commanded journey around Denmark
14:34 Embracing digitalization will bring new opportunities and new discipline to cargo underwriting, says IUMI
14:02 Container ship FESCO Yanina joins the FESCO fleet
13:03 ICS issues new anti-COVID guidance
12:55 Evergreen Marine renews its 22-year LTSSP contract with KDI for another decade
12:49 SCF and Gazprom Neft join forces to facilitate decarbonisation and digitalisation in energy shipping
12:11 Options taken on additional Knutsen OAS LNG carriers results in three more Compact Reliq orders for Wärtsilä
11:37 PJSC TransContainer launches regular service from China to Rostov-on-Don via Nakhodka
11:15 Aker Solutions wins subsea FEED contract for NOA Fulla
10:58 Throughput of Kaliningrad port in 8M’2021 fell by 2% Y-o-Y
10:35 Throughput of port Vyborg in 8M’2021 rose by 46% Y-o-Y