• 2020 January 27 12:26

    Largest ports of Latvia change their focus and intend to make investments to improve their competitiveness

    In 2019, 62.4 million marine shipments were handled by Latvian ports. In comparison to 2018, the total volume of cargo decreased by 5.7%. Considering that the traditional regional cargo flows tend to change and the volume of handled transit consignments has decreased in Latvia, this result is still to be considered fairly good. Moreover, the largest ports of Latvia handled 41% of the total cargo volume in the Baltic States (147 million tonnes), Freeport of Riga says in a press release.

    “Though recent events have put ports and the transit sector in the spotlight, I would like to underline that the situation is stable, which is demonstrated by the ability of the largest Latvian ports to restructure their consignment flows. By handling 62.3 million tonnes of cargo in 2019, Latvia has maintained its leading position in the Baltic States, and we intend to maintain it in 2020. We are aware of the Russian policy concerning transit via the Baltic ports, and all ports of Latvia have to keep their focus on finding new customers,” emphasises Tālis Linkaits, the Minister for Transport.

    In 2019, the Freeport of Riga was still the largest port in Latvia and handled more than half (53%) of the total cargo volume shipped via Latvian ports. This amounts to 32.8 million tonnes, which is 10.1% or 3.7 million tonnes less than in 2018.  At the same time, to adjust to global trends and marker circumstances, the Port of Riga has recently changed its cargo portfolio – the dwindling flows of fossil fuels are gradually substituted with other flows.

    2019 was the first year in which the total volume of other cargo handled at the Freeport of Riga (since 2015 it has continuously increased by 3% annually) exceeded the total volume of fossil fuels; this was made possible due to an impressive increase in the flow of wood pellets (+35%) and cereals (+33%), as well as record results for wood chip consignments. Container cargo is still very important for the port (15% of the total volume): in 2019, 467,000 TEU units were processed at the port, which is roughly the same as the year before.

    “To improve the quality of port services and strengthen our market position, and according to the new Development programme, the Freeport of Riga Authority has started its first ever targeted programme for extensive renovation of its land and water infrastructure. As early as in 2020, the Freeport of Riga Authority intends to invest EUR 14.6 million in the development of roads, bridges and overpasses, the reconstruction of its railway infrastructure, reconstruction of births and bank support structures, as well as other significant reconstruction activities,” summarises Ansis Zeltiņš, CEO of the Freeport of Riga.

    In 2019, the Port of Ventspils handled 33% of the total volume of cargo shipped via Latvian ports. Since 2016, when the port had its lowest cargo turnover ever, it has managed to increase cargo turnover on an annual basis. In 2019, the Port of Ventspils handled 20.46 million tonnes, which is 131,000 tonnes more than in 2018. The volume of cereals cargo increased the most, followed by coal, fertiliser and metal consignments. The invariable focus of port operators on diversification was one of the factors that contributed to the stability of turnover. The share of crude oil and petroleum products that traditionally were handled most at the port was only 46% of the total cargo turnover in 2019, while the share of ro-ro consignments, general cargo and bulk cargo increased.

    Andris Purmalis, CEO of the Freeport of Ventspils: “Currently, the Freeport of Ventspils faces many new challenges and opportunities. Terminals of the Port of Ventspils ended 2019 with a positive balance, but we have to ensure that our management platform allows port operators to be sure about the transparency of administration, and efficient and reasonable performance that gives an opportunity not only to maintain the current turnover, but also to develop further. Currently, the Freeport of Ventspils has four main focus areas. We carefully review current projects, update the investment section, focusing on the maintenance and development of port infrastructure, update the legal framework for the newly established joint stock company to take over the Freeport of Ventspils Authority, and, most importantly, make targeted improvements in the performance of port administration.”

2020 October 21

10:25 Yet another batch of large-size equipment for new ethylene plant delivered to Nizhnekamsk
10:02 Yevgeny Norenko takes position of Managing Director at Nobel Brothers and Vimpel shipyards
09:43 Bunker prices rise in the Port of Saint-Petersburg, Russia (graph)
09:24 Oil prices continue decreasing in response to US reserves growth
09:06 Baltic Dry Index as of October 20
09:05 CMA CGM announces PSS from North Europe to Asia
08:21 MABUX: Bunker market this morning, Oct 21

2020 October 20

18:30 APM Terminals expands API offering and terminal coverage
18:17 CMA CGM announces FAK rates from West Med, Adriatic, Black Sea & East Med to the Indian Subcontinent
18:00 Okskaya Shipyard launches second multipurpose dry cargo carrier of Project RSD59 for Astrol
17:36 Equinor signs contract with Skanska for building site preparation and the construction of jetty facilities for the CO2 receiving terminal
17:03 Van Oord becomes the shareholder in Saare Wind Energy
16:38 Wan Hai Lines to launch China – India Service VI (CI6) Service
16:28 Tiksi port expansion is expected as new fields can be discovered in the region
16:03 Jotun offers Superyachts unique lifecycle support with launch of JotunCare
15:44 Rosmorport collects applications for debut bonds in amount of RUB 4 billion
15:30 DCSA publishes standard data definitions to enable just-in-time port calls
15:12 ESPO congratulates Port of Valencia for renewing PERS certification
14:23 Samsung Heavy Industries again chooses Wärtsilä cargo handling system design for new VLEC vessels
13:41 Modernization of port Tiksi to build up throughput to 300,000 tonnes
13:25 Port of Antwerp participates in developing and testing a private 5G network
13:20 Bunker prices are slightly up in the Far East ports of Russia (graph)
13:02 Port Houston container volumes up 1% to 251,524 TEUs in September 2020
12:33 RF Ministry of Economic Development to allocate RUB 2.8 billion for creation of port SEZ in Astrakhan Region
12:19 DNG Energy receives a licence for LNG bunkering in Coega
11:00 KSS Line signs with Hyundai Global Services for smart ship solution powered by Inmarsat and Intellian
10:58 ASW ship Vice-Admiral Kulakov and support vessels of RF Navy’s Northern Fleet enter Greece
10:37 Admiral Makarov frigate of RF Navy’s Black Sea Fleet passes Black Sea straits
10:12 LUKOIL and Rostec sign cooperation agreement
10:02 MABUX: Bunker market this morning, Oct.20
09:49 Shipbuilding Corporation “Ak Bars” to tell about passenger ship Chaika at 4th “LNG Fleet, LNG Bunkering and Alternatives” conference
09:26 Oil prices decrease amid second COVID-19 wave concerns
09:14 Baltic Dry Index as of October 19

2020 October 19

18:11 CMA CGM to launch the East Med - Black Sea Express
18:01 Taganrog coastal station of NAVTEX service obtains certificate of conformity
17:48 BPA to host 5G workshop
17:27 FESCO to supply India's research stations in Antarctica for the third year in a row
17:06 Valenciaport registers the record with 477,194 containers handled in September 2020
16:46 4th “LNG Fleet, LNG Bunkering and Alternatives” conference to be held online on 28 October 2020
16:05 Milaha obtains “ISO 27001” certification for Information Security Management System
15:49 Rosmorport's sailing ship “Mir” to sail around the world in 2022-2023
15:12 Mitsubishi Shipbuilding receives approval in principle for LNG fuel gas supply system from Bureau Veritas
15:04 A.P. Moller - Maersk integrates the European customs services specialist KGH Customs Services
14:35 Harvey Gulf orders Wärtsilä Energy Storage for another four LNG-powered Supply Vessels
14:30 Average spot market price for Russian M100 product rose to RUB 11,894 pmt
14:11 GTT announces the acquisition of Areva H2Gen
13:58 Project on construction of fish terminal “Udarnik” registered as second resident of Arctic Capital PDA
13:17 Ukraine's January-September 2020 coal imports down 15%
13:11 ZIM and Alibaba.com sign strategic cooperation agreement
12:52 Port of Riga sets itself new goal to become region's leader in grain handling
12:33 TransContainer increased container transportation volumes by 15.1% YoY
12:04 Port of Oakland names Acting Communications Director
11:47 Blagoverf shipyard lays down buoy tender of project 3052 for Rechvodput
11:06 EPS collaborates with GoodFuels for marine biofuel bunker trial
10:42 Ocean Yield ASA acquires two suezmax newbuildings with long-term charters
10:40 First sections for ice-resistant platform LSP “A” shipped to outfitting yard
09:58 North Carolina Ports awarded $16 million grant for infrastructure improvements
09:39 MABUX: Bunker market this morning, October 19
09:25 Week beginning is marked by oil prices decrease
09:12 Baltic Dry Index as of October 16