• 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.

2021 July 25

14:58 USCG, partners medevac mariners off Kauai
14:51 WinGD first to deliver space-saving on-engine NOx aftertreatment
13:51 Tackling the fuel conversion conundrum
12:37 Panama renews maritime transport agreement with China
11:39 ABP Southampton appoints Head of Property
10:54 Agreement on Elbe River navigability signed

2021 July 24

15:02 Union Pacific reports 2Q 2021 results
13:29 Major £10M project aims to unlock untapped potential of ocean renewable energy fuels
12:37 LR: Turning to technology to tackle container ship fires
11:14 Survitec enhances lifeboat inspection solution to deliver savings and flexibility for ship operators

2021 July 23

18:27 EBRD and Ukraine boost low-carbon hydrogen development
18:03 ROSATOM and GDK Baimskaya LLC sign agreement to jointly supply energy to Baimsky plant
17:58 Van Oord signs contract with the Spanish energy company Iberdrola for the Baltic Eagle offshore wind farm
17:50 Chantiers de l’Atlantique completes installation of EGCS on three MSC Cruises vessels
17:41 ROSATOM and Aeon Corporation agree to Arctic shipping cooperation
17:32 RWE, Shell, Gasunie and Equinor sign a declaration of intent on the AquaSector project
17:18 Rosatom and DP World sign Cooperation Agreement
16:55 RosGeo eyes exploration of solid mineral deposits in the Persian Gulf
16:32 Learn the latest global LNG trends with LNGcon 2022
16:30 ROSATOM and Moscow State University’s Marine Research Centre sign cooperation agreement on environmental impact assessment in Arctic
16:07 Rosatom expects transit cargo flow along NSR to reach 20-30 million tonnes per year by 2030
15:39 ROSATOM and Nornickel sign supplementary agreement on icebreaker accompaniment
15:01 Sea Port of Saint-Petersburg handled 4.1 million tonnes of cargo in H1’21, up 12% YoY
14:36 Recovery of investments in offshore geological exploration not expected by RosGeo before 2022
14:14 Wärtsilä to provide thrusters for two Chinese wind farm turbine installation vessels
13:40 RosGeo: Deposits in shallow waters and estuaries should be taken into account when developing Arctic resources
13:12 A deep sea mineral riser system reviewed by ABS in an industry first
12:48 Nornickel set to expand and upgrade Dudinka port
12:11 Maersk changes the logistics landscape in Bulgaria and launches intermodal weekly service connecting Burgas to Plovdiv and Sofia
12:09 Ningbo Containerized Freight Index rises in July 2021
11:43 Vietnamese Navy ships arrived in Vladivostok to participate in Russian Navy Day celebration
11:11 GTT receives orders for the tank design of two new LNG сarriers
11:07 Integrated drill of emergency response teams conducted at CPC Marine Terminal near Novorossiysk
10:45 Alexei Rakhmanov: USC saved nearly RUB 18 billion in 2021 through cost optimization
10:24 Baltic Dry Index as of July 22
10:06 Crude oil market sees downward price correction
09:48 Russian Maritime Register of Shipping supports the 4th International Conference “Development of Icebreaking and Support Fleet”
09:30 China ports container volume rises 15% in first half of 2021
09:27 Alexei Rakhmanov: USC is set to open up routes that do not depend on foreigners
09:09 Sea Port of Saint-Petersburg handles high-speed train intended for Uzbekistan Railways
08:40 MABUX: Global bunker prices may continue firm upward trend on Jul.23.

2021 July 22

19:00 Northern Sea Route cargo traffic rose by 2.59% to 17,047,282 tonnes YTD
18:35 Equinor Brasil Energia awarded a contract to Floatel Victory
18:05 Solstad Offshore ASA announces new contract for the CSV Normand Jarstein to DeepOcean AS
17:55 Manila Harbor Center aids PH Coast Guard’s substation project
17:25 Suek AG supramax vessel Kumpula to sail through Northeast Passage
17:05 US FMC establishes Ocean Carriers Audit Program
16:25 Survitec enhances lifeboat inspection solution to deliver savings and flexibility for ship operators
16:05 RINA and SWS mark a new era in Cruise shipbuilding in China
15:27 Multipurpose Reloading Complex in Ust-Luga handled 2.24 million tonnes of coal in H1’21, up 4% YoY
15:22 DBS partners maritime players and MPA to complete Singapore’s first live bunker delivery financing pilot with digital bunker delivery note
15:11 Two new hybrid LNG-electric ships join to the Brittany Ferries fleet
15:05 Second batch of oversize equipment for Amur GCC reloaded in De-Kastri
14:42 CMA CGM to launch a new Indian Ocean feeder service
13:21 DCT Gdańsk Welcomes New CEO – Charles Baker
13:20 Port of Rotterdam posts H1 2021 results
12:58 Seven entities interested in investing in Port Gdański Eksploatacja
12:03 Shipping industry announces international decarbonisation conference at COP26
11:03 Boskalis awarded contract for deepening the approach channel to harbor of Harwich, UK
10:29 Transport Canada issues new Ballast Water Regulations