• 2019 January 23 12:04

    Port of Riga cooperates with Balarusian forest industry to further increase its timber cargo volumes

    Last week representatives of the Belarusian Ministry of Forestry visited the Port of Riga to discuss export of Belarusian timber.  According to the port's press release, the guests agreed that the cooperation has an impressive potential and that there are many opportunities to boost timber transit and seek different types of cooperation. In addition, the Belarusian party presented a detailed proposal of the cooperation model. For the Port of Riga it means an opportunity to continue increasing its timber cargo volumes. 

    The amount of timber passing through the Port of Riga is growing rapidly. In 2018, timber cargo turnover grew by 34.5% and reached 5.5 million. Timber has become the second largest cargo group behind coal.  However, the potential of growth in this cargo segment has not been exhausted yet. 

    About 7% of the total timber cargoes come from Belarus. The share of Belarusian timber products in the Port is growing annually and has a potential for further growth. ‘One thing I can say for sure is that our cooperation has a great potential. We have many ways to boost our volumes and seek different kinds of cooperation, said Belarusian Deputy Minister of Forestry Vladimir Krech.

    Representatives of the Belarusian Ministry of Forestry took a tour of the Port of Riga, visited companies working in the Port and presented a detailed cooperation model proposal to the Freeport of Riga Authority and the port companies. Belarusian timber industry is looking for the best routes to export timber to Scandinavia and Western Europe. The Belarusian party proposed investing in the port companies and becoming their joint owners. That way, Belarusian timber industry would get some control over tariffs and eliminate the chain of intermediaries. At the same time, Latvian companies would get guaranteed cargo volumes. ‘This model involving Belarusian capital is already working in a number of ports. It is probably not worth reinventing the wheel. If a model works and brings good results, it’s a good idea to take it as a basis to use elsewhere, stated V. Krech.

    The port companies will decide whether they want to use the model proposed by the Belarusian party. Ansis Zeltiņš, CEO of the Freeport of Riga Authority, believes that the proposed model is worth discussing: “There are many companies in the Freeport of Riga working with timber. Those are both terminals transferring timber cargoes and companies involved in timber processing, packaging, sorting and loading into containers. I think that this model of cooperation can be promising and mutually beneficial and will boost our cargo flow.”

2020 July 13

18:24 Canada joins Global Ocean Alliance
18:00 Interim report and independent audit of KS1437 Multipass Port project approved by related authority
16:59 Port of Ventspils (Latvia) handled 6.8 million tonnes of cargo in 6M’2020
15:32 Oboronlogistics ensures Northern delivery
15:04 Ørsted and Van Oord have successfully installed all array cables of the Borssele I & II offshore wind farm
14:21 Dublin Port throughput declines by 10.9% in the six months to June
13:53 FSUE Rosmorport’s revenue in HI’2020 grew by 6% YoY
13:30 Average wholesale prices for М-100 HFO grew to RUB 10,425 in RF spot market
13:04 CMA CGM announces FAK rates from Asia to the Mediterranean
12:41 CMA CGM announces FAK rates from Asia to North Europe
12:19 Tallinks’s vessel Romantika to offer two direct sailings from Riga to Helsinki this July and August
12:18 ISO releases environmental report assurance standard
11:55 NOVATEK reports preliminary operating data for the second quarter and first half 2020
11:32 KN increases the volume of biofuel handling
11:02 XELLZ acquires additional 100.000sqm to develop a Free Zone at Rosslare Europort
10:14 Gibdock completes an extensive two-vessel drydocking and maintenance project for returning customer Shearwater GeoServices
10:13 Port of Helsinki throughput in 6M’2019 fell by 9.2% to 6.6 million tonnes
09:58 The Fjords takes delivery of second all-electric passenger ship
09:49 Oil prices continue going down
09:32 RF Government to allocate RUB 320 million as support of shipping companies
09:10 Baltic Dry Index as of July 10
09:05 MABUX: Bunker market this morning, July 13

2020 July 12

16:21 Carnival Corp announces change in leadership team
15:38 UMS Skeldar gets contract to supply mine countermeasures drones system
15:23 Samson introduces the latest in mooring line innovation
14:19 Coast Guard halts 2 illegal charters near Star Island
13:41 Carnival Corporation's AIDA Cruises to restart sailing vacations in August
13:18 New OCIMF Committee structure
12:51 American P&I Club and ABS Consulting join forces to drive cyber awareness for maritime insurance
11:49 Royal Caribbean Group acquires remaining interest in Silversea

2020 July 11

15:28 Cox Powertrain celebrates as first 300hp diesel outboards roll off the production line ready for delivery
14:51 WCI names Tracy R. Zea as President & CEO
13:45 NOS expands its fleet with two additional M-Class vessels
11:37 Huisman to deliver 250mt Knuckle Boom Crane and 500mt Towing Winch for Nanhai Rescue Bureau
10:52 Wabtec wins federal order for advanced marine engines on new multi-use ships

2020 July 10

19:08 CMA CGM announces FAK rates from Asia to the Mediterranean
18:30 CMA CGM announces FAK rates from Asia to North Europe
18:04 HHLA implements machine learning for the first time to increase productivity
18:01 Port of HaminaKotka throughput in 6M’2020 fell by 14.2% YoY
17:38 Information on the seaport of Murmansk changed in the Register of Russian Seaports
17:13 Thun Tankers takes delivery of the fifth L-class at China Merchants Jinling Shipyard
16:52 Russian Railways: Loading of export cargo bound for domestic ports up 3.3%
16:33 Valenciaport reaffirms its leadership as the first Spanish port at UNCTAD index
16:03 Port of Marseille to maintain €57 million in investments to stimulate the recovery
15:43 DNV GL launch support for new Dynamic Positioning system failure guideline enabling quicker and cost effective implementation
15:30 Volga Shipping Company delivered project cargo to the Caspian Sea
15:13 COVID-19 causes problems for implementing EU legislation - BIMCO
14:48 Throughput of Russian seaports in HI’2020 grew by 0.1% Y-o-Y
14:23 Wärtsilä simulator complex delivered to enhance operations at the Training and Education Office of the Indonesian National Police
14:03 Port of Oakland imports up 1.9 percent in June 2020
13:44 Onezhsky Shipyard delivers hybrid workboats Anatoly Klimov and Victor Vorotylo (video)
13:22 Governments of 12 countries pledge action for seafarers at crucial crew change summit
13:19 GTT receives an order from Hudong-Zhonghua Shipbuilding for the tank design of three new LNG carriers
13:01 Sredne-Nevsky Shipyard commenced making hull of yet another minesweeper of Project 12700, Aleksandrit
12:38 Throughput of Murmansk Sea Fishing Port fell by 12.7% in HI’2020
12:13 Nuclear-powered icebreakers of Rosatomflot assisted 462 ship calls in winter-spring navigation season
11:35 Construction commences on Austal's largest ever ferry
11:04 GIWACAF launches webinar series on oil spill preparedness and response
10:46 FSUE “Rosmorport” takes award-winning place in the annual sailing regatta
10:32 LR to develop structural digital twin for Bluewater FPSO Glas Dowr