• 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.

2020 August 13

18:31 Glavgosexpertiza gives nod to Sovetskaya Gavan LPG terminal project
18:06 Global Industry Alliance issues Just-In-Time Arrival Guide
17:36 HMM Rotterdam en route to Rotterdam
17:18 Ust-Luga Multipurpose Reloading Complex half-year cargo volume down 9% year-on-year
17:06 The operational situation in the port of Beirut is back to normal
16:48 TCSP Group half-year throughput grows 11.4%
16:31 Kalmar service expertise to enhance safety, performance and productivity on WWO’s American routes from Manzanillo International Terminal in Panama
16:12 CMA CGM announces PSS from North Europe (except France) to Australia & New Zealand
15:26 Minister for Regional Growth and Local Government opens multi million pound bulks terminal at Teesport
15:21 St. Petersburg set to create infrastructure for all-electric passenger vessels
14:39 First supply of bunker fuel by Gazpromneft Marine Bunker to the brand new cruise ship Mustai Karim
13:52 MABUX releases weekly review of global bunker market
13:21 VIKING delivers first of ambulance boat trio for Hellenic Coastguard
12:32 Grain exports via Krasnodar Krai based seaports in Jan-Jul jump 32%
12:14 Port of Oakland import cargo volume grew 6.4 percent in July
11:33 MacGregor receives EUR 18 million RoRo orders from Japan
10:52 Australia authorities issue fumigation requirements for the 2020/2021 high risk season
10:17 Sea Port of St. Petersburg half-year cargo volume rose 3%
10:14 MABUX: Bunker market this morning, Aug 13
09:52 Crude futures prices retreat
09:32 Baltic Dry Index as of Aug 12
08:26 ME-GI engine sails through sea trials

2020 August 12

18:57 Risavika LNG index for September up by 8.9 % week on week
18:27 Andreas Rieckhof new Chairman of Hamburg Messe und Congress GmbH Supervisory Board
18:08 At the three Hamburg container terminals throughput volume down 12.0 % in H1 2020
18:07 Sri Lanka Ports Authority assures safe handling of dangerous cargo under UN regulations
17:47 Rosmorport’s Azov-Black Sea branch adds TSHD Sommers to its fleet
17:43 Boluda Towage Europe takes on two new tugs from Damen Shipyards Group
16:49 Investors set to inject in excess of RUB 19 bn in federal port infrastructure facilities development
15:44 MoD eyes placing more orders for the Steregushchiy class corvettes with Amur Shipyard
15:17 Joint R&D Starts for Use of Ammonia in Marine Transportation to Reduce GHG Emissions
14:47 CMA CGM announces PSS from Asia to North Europe
14:21 MST wins contract for building 19m high-speed patrol craft duo for the Royal Navy
14:03 MOL issues an update on the Capesize bulker "Wakashio" aground off Mauritius
13:20 Port of Kiel constructs the new port apron
12:01 THE Alliance announces COVID-19 response measures for September 2020
11:57 Northern Sea Shipping acquires the MV Siyaniye Severa
10:36 LNG vessel completes 10,000th Neopanamax transit at the Panama Canal
10:02 Crude futures prices continue upward trend
09:32 Baltic Dry Index as of Aug 11
09:00 MABUX: Bunker market this morning, Aug 12

2020 August 11

18:07 Saigon Newport chooses Kalmar Essential Terminal Tractor for Cat Lai Terminal
17:43 Global Industry Alliance developes Just In Time Arrival Guide
17:36 Maersk Tankers hires Eva Birgitte Bisgaard as its new Chief Commercial Officer
17:00 CMA CGM announces PSS from Asia to North Europe
16:35 NORDEN adds 2 vessels to the existing newbuilding contract with NACKS
16:22 Murmansk Sea Fishing Port’s handled volumes in Jan-Jul dropped 12.7%
15:34 PETRONAS Research joins FASTsubsea’s subsea pump development
15:18 SCF Group's Igor Tonkovidov: Shipowners’ ability to compete with each other will be increasingly determined by their readiness to adopt advanced technologies
14:03 Houlder wins contract for Isle of Man Steam Packet Company’s new purpose-built vessel
13:39 IMO assists in MV Wakashio oil spill response
13:11 Cameron LNG Train 3 begins commercial operation
12:56 Seven-month crude exports via CPC Marine Terminal fell 1.4%
12:29 Port of St. Peterburg Captain releases new allowable drafts in Greater Port St.Petersburg basin
12:05 The Standard Club issues Guidelines for the use of electronic record books (ERBs) under MARPOL
11:08 Port of Ust-Luga based Multipurpose Reloading Complex steps up its efforts to protect the environment
11:04 Transhipment in North Sea Canal ports down by more than 10 percent due to coronavirus crisis
10:31 CSP Abu Dhabi Terminal launches new direct services to Europe and Indian Subcontinent
10:15 MABUX: Bunker market this morning, Aug 11
09:54 Crude futures prices extend upward trend