• 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.

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
10:24 Rosmorport completes repair dredging at Vostochny seaport
09:53 Crude oil market sees downward price correction
09:36 IAA PortNews opens registration for 4th International Conference “Development of Icebreaking and Support Fleet”
09:22 Baltic Dry Index as of July 21
08:31 MABUX: Global bunker prices may continue firm upward evolution on Jul 22

2021 July 21

18:30 MSC Cruises restart its activity in the Port of València
18:00 Agreement signed between Grimaldi and Armas Trasmediterranea
17:55 Stena RoRo orders its tenth E-Flexer RoPax ferry
17:51 “FLORIAN” Port Fire Brigade to take care of safety in the Port of Gdańsk
17:17 ESPO welcomes "Fit for 55”-package