• 2019 November 18 11:51

    New national port operator WT Terminal established in the Freeport of Riga

    By merging two former Swedish-owned terminals, new national port operator WT Terminal was born in the Freeport of Riga. Since inception, this company has managed to increase its cargo turnover seven times. Furthermore, it keeps increasing its production capacities, and cooperates with local engineers to develop and introduce innovative cargo handling technologies, the Freeport of Riga says in a press release.

    70% of WT Terminal cargo turnover is made up of timber, though it also increasingly focuses on grain and other bulk goods. Since 2005, when local partners took over shares in this former Swedish-owned company, WT Terminal has managed to increase the volume of handled consignments from approximately 100 thousand tonnes to 700 thousand tonnes per year. As for turnover, WT terminal is one of the Top 10 largest port operators at the Freeport of Riga, but in terms of the volume of handled timber, it is even in the Top 3.

    This success was made possible by smart investment to make all processes at the terminal as effective as possible. New and innovative technologies and solutions are introduced on a regular basis – both to optimise the handling process, as well as further the general development of the company.

    WT Terminal has facilities for drying, sorting and packaging sawn wood. “Our company gives added value to sawn wood that allows to increase its price by approximately 15-20%”, explains Andis Bunkšis, Member of the Board of WT Terminal. The company boasts the largest drying and sorting facilities at the port. For several years, it has also operated a sorting line that enables sorting and packaging of sawn wood after it is dried. Thus, the process takes as little time as possible to prevent the wood from absorbing unnecessary moisture. WT Terminal timber processing services are used not only by Latvian, but also increasingly by Belorussian exporters of sawn wood who often do not have access to drying facilities.

    According to company policy, customers should be offered the most extensive range of timber processing services possible, while increasing the efficiency of all processes. “I believe we are the only terminal at the Freeport of Riga that offers not only handling services, but also a complete automatic drying and sorting cycle for sawn wood. Process automation through the introduction of various automated solutions allows us to increase processing speeds, and reduce manual labour, as well as to improve the accounting and management of processes,” continues A. Bunkšis.

    To handle bulk cargo, WT Terminal uses a mobile Latvian designed and built bulk cargo conveyor belt, which was created together with port experts through a company called Smartteh. The mobile conveyor belt can be used to handle any type of bulk cargo. Thanks to cooperation between experts from both areas, it took just a year and a half to build from scratch. The line is still being tested and fine-tuned, but it is already clear that the price of the Latvian made conveyor belt is much lower than any foreign analogues. A representative of WT Terminal does not exclude the possibility that such lines could be mass produced in the future, as they do have promising export potential.

2020 November 24

20:09 Ministerial conference under German EU Presidency: “Inland Waterway Transport – key to deliver the Green Deal”
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18:15 VARD secures contract for the design and construction of eight Marine Robotic Vessels for Ocean Infinity
18:06 Monjasa acquires Golden-Agri Stena tanker for Middle East operations
17:06 MOL & Miura to сonduct demonstration test with microplastic collection device installed on newbuilding wood chip carrier
16:32 Investors commit billions at Lagos Free Zone in Nigeria
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14:22 Maqta Gateway and TruKKer to сollaborate on digital truck booking services through “MARGO”
13:14 The schedule of port charges for the ports of Bremen to be adjusted due to Corona pandemic
12:11 Diana Shipping reports financial results for Q3 2020
12:05 The Arktika icebreaker accomplishes its first task in the Northern Sea Route basin
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11:25 A WWII air bomb defused near Novorossiysk based CPC Terminal
11:09 CMA CGM to launch the TURKEY MED EXPRESS 2
10:04 MABUX: Bunker market this morning, Nov 24
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09:22 Baltic Dry Index as of Nov 23
09:02 East Coast Australia JIP delivers a new interactive dashboard for LNG forecast

2020 November 23

18:24 North P&I Club pre-renewal report confirms corrective response to market challenges
18:00 RF Government is set to reorganize the structure of development institutions
17:13 4th International Congress “Hydraulic Engineering Structures and Dredging” slated for 25-26 February 2021
16:34 Damen completes Eidsvaag Opal conversion
16:28 STLC and VEB-Leasing to be consolidated into Unified Leasing Company
16:05 Aker Solutions wins maintenance and modifications contract in Brazil from Equinor
15:41 Vard secures contract for eight marine robotic vessels
15:17 RF Transport Ministry confirms its intention to introduce investment charges in seaports from 2021
14:53 Hydrographic boat of Project 19920 joins RF Navy’s Northern Fleet
14:31 Concordia Maritime CFO resigns from his position
14:09 Friendship 2020 joint exercise of the Egyptian Navy and the Russian Navy Bridge ends at the Black Sea Fleet
13:25 Ningbo Containerized Freight index rises by 19.8% in November 2020
12:34 Average spot market price for Russian M100 product climbed to RUB 13,184 pmt
12:12 The UK could increase its ambitions for renewable energy at a lower cost to consumers, new Wärtsilä analysis finds
12:02 Chinese ports container throughput down 0.03% to 217.2 million TEU from January to October 2020
11:53 Global Ports and TransContainer launch expedited delivery of pellets from Siberia to Europe via Saint Petersburg
11:11 Brodosplit lays keels for two coastal patrol vessels
10:19 HELCOM revamps its tool for tracking implementation progress
10:12 MacGregor supports China’s Lingshui 17-2 gas field development
09:57 MABUX: Bunker Market this morning, Nov 23
09:41 Container throughput of port Shanghai (China) in 10M’20 fell by 1.7%
09:25 Oil prices rise on hope for demand recovery
09:12 Baltic Dry Index as of November 20

2020 November 22

16:23 Ørsted and NABTU sign landmark MOU for U.S. offshore wind workforce transition
15:18 Port Canaveral cruise terminal parking to feature E-PASS® contactless transaction technology
14:21 USCG Cutter Stratton returns home after crewmembers test positive for COVID
13:26 New Wallenius SOL service delivers 200,000 extra tonnes of paper reels to PSA Zeebrugge terminal
12:18 Port NOLA's Brandy D. Christian receives 2020 C. Alvin Bertel Award
11:41 BPA announces the release of UK Ports industry magazine
10:42 Coast Guard Cutter Diligence returns to homeport from Caribbean patrol

2020 November 21

16:12 Impact assessment agency of Canada interim report an incomplete analysis omitting a number of important facts
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12:24 Mackay provides electronics package for two Vigor-built pilot boats commissioned by Los Angeles Pilot Service
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2020 November 20

18:00 CMA CGM to launch the FLAMINGO EXPRESS service
17:49 Senior Arctic Officials’ plenary meeting held in a virtual format
17:05 Australia to end crew contract extensions
16:52 Port of Algeciras was awarded the ESPO Award 2020
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