• 2020 April 3 12:40

    Crisis caused by Covid-19 brought changes and highlighted new opportunities for port of Riga

    Container terminals operating at the port of Riga were among the first ones to face the effects of the global economic crisis caused by COVID-19 at the beginning of this year, when China was hit by coronavirus outbreak, as most container flows in the port of Riga, as elsewhere in Europe, are directly related to the said region’s cargo, the port says in a press release.

    “The volume of container traffic at the terminal started to drop in the second week of March. This was due to a decrease in container imports from China, which was caused by a dramatic drop in China‘s production capacity in February. The chain reaction led to a shortage of empty containers and an increase in the container shipping freight rate, which reduced the volume of container traffic,” comments Dmitrijs Kiselevs, a member of the Board of the SIA “Baltic Container Terminal”, the largest container terminal in the Port of Riga.

    “There was an impact on the BCT (Baltic Container Terminal) as well. At the same time, instead of a 30% drop in March, forecasted by us and our clients, container traffic has decreased by only 10% compared to March 2019. That is why the terminal can operate in the conventional mode - the ships are serviced according to the schedule, and the range of services, provided to our clients, is not limited,” - adds Dmitrijs Kiselevs.

    In total, 43 container carriers entered the port of Riga and 37.5 thousand TEUs of containerized cargo were handled in March, including the period when an emergency situation was declared in Latvia.

    According to the preliminary data on the container cargo turnover in the port of Riga for the first quarter of this year, despite the economically difficult situation in the world it was possible to maintain the total volume of container traffic almost at the level of the first quarter of the previous year – during three first months of the current year 119.2 thousand TEUs of containerized cargo were handled at the port of Riga, which is 3% less than in the corresponding period in 2019.

    “In the last two months we experienced mostly negative trends in the container cargo segment at our terminal, but now we are starting to feel the recovery of production capacity in China. Still, right now there is a small demand from China, which could gradually stabilize the situation in container transportation market and prevent the decline in container turnover,” says Janis Kasalis, Member of the Board and Executive Director of SIA “Rīgas Universālais Termināls” (RUT).

    “There is an increase in demand from maritime carriers serving the European internal market. At the same time, the reorientation of road freight to rail transport increases the flow of refrigerated containers via our terminal by rail to Central Asian countries and Kazakhstan,” adds Mr. Kasalis.

    In three weeks since the declaration of the emergency situation, 171 cargo vessels have called the port of Riga, handling a total of 1.43 million tons of various cargo - forestry products, coal, containers, grain and agricultural products, oil products, construction materials, etc. The services, provided to the said vessels, were in compliance with the strict security measures with the aim to protect port workers from the risk of infection.

    Cargo flows are transported both by sea and by road, i.e. by trucks and rail wagons - 28 000 road transport units and 8 800 railway wagon units have been used for reception and delivery of cargo at the Port of Riga since March 13.

    The Freeport of Riga is the largest port in Latvia, handling 99% of Latvian sea container shipments and one third (33%) of all Baltic containerized cargo.

    Three terminals in the port of Riga handle sea containers, and three more companies offer container cargo storage and logistics services. Regular container transportation to and from the port of Riga is provided by 7 container shipping lines, all of which currently continue their operation.

2020 May 29

18:36 Port of Marseille Fos to constuct a new international ferry terminal
18:20 Sea Port of Saint-Petersburg boosts its infrastructure investments by 40%
18:06 PIL starts a new India Service - China India Express (CIX)
17:51 Petrotrans takes delivery of lead ship of Project RSD59
17:36 Rolls-Royce seals major contract covering complete MTU propulsion systems for Royal Navy Type 31 frigates
17:14 United Shipbuilding Corporation developed its own cargo ship design
17:06 ECSA welcomes TRAN opinion on future EU-UK partnership and urges rapid advancement of the talks in view of the looming deadline
16:15 Port Authorities pledging support to keep ports open during COVID-19 more than doubles within a month
15:52 Market of seaborne cargo transportation for wind farms is stable and expected to grow
15:46 Viking Line starts a passenger service from June 1
15:05 KiwiRail orders two new ferries
14:49 Admiral Makarov University introduced new GMDSS simulator class
14:05 Bollinger Shipyards delivers the USCGC MYRTLE HAZARD to the U.S. Coast Guard
13:41 Smart Delta Resources launches project to substantially reduce CO2 emissions in Scheldt-Delta region
13:09 Record engine powers world’s largest containership
12:48 Large amphibious ships of RF Navy's Black Sea Fleet conducted comprehensive exercise in sea training ground
12:30 Navigation season opens on Upper Lena and Lower Lena rivers
12:09 Global shipping body addresses the health concerns of seafarers during the COVID-19 pandemic
11:26 Vimpel Shipyard launches coast guard boat Lamantin of river-going design
11:03 LNG STS bunkering – ‚First-off‘ operations in France, Germany and Norway
10:28 Oil prices fall by over $1
10:09 DP World joins with TradeLens to digitize global supply chains
09:53 Bunker prices are stable at the port of Saint-Petersburg, Russia
09:35 Baltic Dry Index on May 28
09:20 Konecranes to deliver third mobile harbor crane to South Australia
09:17 MABUX: Bunker market this morning, May 29
08:46 CMA CGM announces FAK rates from Asia to North Africa, Mediterranean and North Europe

2020 May 28

18:37 CMA CGM ends ESS from North Europe, Scandinavia & Poland to West Med, East Med, Adriatic & North Africa
18:07 PortXchange results in shorter idle times on departure at APM Terminals Rotterdam
17:24 Independent Container Line starts new service from Cork to USA
17:20 Antwerp@C investigates potential for halving CO2 emissions in Port of Antwerp by 2030
16:49 Nevsky Shipyard launches lead ferry of Project PV22, Admiral Gennady Nevelskoy
16:17 Finland's new Water Traffic Act enters into force in June
16:05 Lubrizol joins the Getting to Zero Coalition
15:56 Wärtsilä high-efficiency propulsion solutions selected for special high-speed ferry
15:46 ABP keeps Britain trading in the safest way possible
15:02 Bunker prices show no considerable changes at the Far East ports of Russia (graph)
14:38 Bunkering tanker intended for Baikal lake delivered to the customer
14:00 WinGD wins type approval for biggest and most powerful ever dual-fuel engines
13:00 Gasum partners up with the sustainable transport solution provider company Samskip
12:30 More Konecranes BOXHUNTER RTGs to Vietnam
12:00 Konecranes and Fluidmesh join forces to deliver world-first 100% wireless Automated Rubber Tired Gantry crane system
11:30 EPS and Equinor set sights on a trio of newbuild LPG dual-fuel vessels
11:09 Boskalis awarded two dredging contracts in Finland
10:51 Oil prices continue going down
10:30 DNV GL releases first ever traceability standard for reclaimed plastic
10:09 Port of Stockholm announces arrival of the first container ship at Norvik Port
09:44 CMA CGM announces Overweight Surcharge (OWS) from Asia to North Europe
09:37 Baltic Dry Index on May 27
09:19 Rosmorport released young trout into Ladoga lake
08:54 MABUX: Bunker market this morning, May 28

2020 May 27

18:36 Nexans wins major subsea HVDC cable contract from Greece's Ariadne Interconnection S.P.S.A
18:06 The lock gate of the Pierre Vandammelock at the port of Port of Zeebrugge gets decoupled and transported to the inner harbour for renovation works
17:36 Sales of “Honesty” - device to measure the level of liquid in tanks - exceeds 1,000 units
17:06 ZIM posts Q1 2020 results
16:58 NOVATEK-Murmansk obtains resident status at Advanced Special Economic Zone
16:31 Transport Ministry addressed with proposal to introduce criteria for coal ports to be acknowledged as dedicated ones
16:04 UN agencies call for urgent action on crew changes and keyworker designation for sea and air workers
15:59 Cai Mep International Terminal welcomes maiden call of TP17 service
15:13 Traficom extends validity of certain seafarers’ competency and proficiency certificates