• 2020 April 7 14:43

    Nordic Investment Bank is sponsoring expansion of Klaipeda Seaport

    The Nordic Investment Bank (NIB) and Klaipeda State Seaport Authority signed a credit contract for 19 years intended to renew infrastructure in Klaipeda Port, the port says in a press release.

    "Effective activities of the seaport are of vital importance for the Lithuanian economics. The investments into renewal of the infrastructure will contribute to further expansion of the port and will promote growth of productivity in our Member State,” – says NIB President and CEO, Mr. Henrik Norman.

    The granted financing will cover investments up to 68 million euros into reconstruction of the port’s quays. It is planned in the project to expand the quays and to deepen the ship canal so that larger vessels could enter the port. The possibility to receive large vessels will increase significantly productivity of the port and its operators. It is expected that the project’s implementation will increase annual stevedoring capacity by 19,1 million tons or by 29% of current capacity.

    "It is very important that activities and expansion plans of Klaipeda Port are assessed on the international scale. It serves as a huge stimulus to continue the started projects and to initiate the new ones that will help Klaipeda Port to become more competitive. Only target and sustainable investments and harmonious development may guarantee that the single seaport of our country will continue creating added value to the State and its people,”– told Minister of Transport and Communications of the Republic of Lithuania, Mr. Jaroslavas Narkevicius.

    Total value of the project is 136 million euros. It is planned to finish the projects until the end of 2023.

    "The decision of the Nordic Investment Bank to grant a loan for the projects of improvement of Klaipeda Seaport shows that we are a reliable partner, whose projects have a potential. It is very important that even in difficult economic times, we will be able to safeguard uninterrupted investments into the harmonious development. They will allow the port reacting expeditiously to the market’s changes, to stay economically vital, and will provide wide possibilities for the Lithuanian contractors to contribute to implementation of the port’s projects,” – said Director for Infrastructure of Klaipeda State Seaport Authority, Managing Director at interim, Mr. Vidmantas Paukste.

    Klaipeda State Seaport is an important part of the Lithuanian transit policy. The port is one of the largest in the region and it has been a leader in cargo turnover in the Baltic States in recent years. 46,3 million tons of cargoes were loaded in Klaipeda State Seaport only in 2019

    NIB is an international financial institution that belongs to eight Member States: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The bank is financing private and public projects in the Member States and beyond. The international credit rating agencies "Standard & Poor’s” and "Moody’s” have awarded the highest possible AAA/Aaa credit rating to NIB.

2021 July 29

11:46 Ongoing travel restrictions continue to impact Tallink Grupp financial results in Q2 2021
11:08 MARAD awards vessel acquisition management contract to Crowley
10:43 Rosmorport’s tugboats assisted sailing boat Pallada mooring in Egvekinot and Provideniya ports
10:08 Thun Tankers announces the launching of product tanker Thun Empower
10:00 British Ports Association welcomes the resumption of international cruise in England
09:35 Baltic Dry Index as of July 28
09:18 SCHOTTEL to deliver a total of ten rudder propellers and two transverse thrusters to Sanmar Shipyards
09:09 Crude oil prices rise on reduction of US reserves
08:00 Verifavia shipping highlights widespread confusion over EEXI technical parameters
07:55 Drewry launches shipmanager Steering Group to power vessel opex benchmarking

2021 July 28

18:20 NOVATEK announces consolidated IFRS results for Q2 and H1 of 2021
18:01 New BIMCO/ICS Seafarer Workforce Report warns of serious potential officer shortage
17:09 PSA & ONE team up to enhance sustainability and reduce maritime environmental footprint
16:28 ECSA and ETF welcome WHO decision to prioritise seafarers’ vaccination
16:03 Rosmorrechflot supports the International Conference “Development of Icebreaking and Support Fleet”
15:42 ERMA FIRST adds world’s smallest ballast water treatment system to product range
15:18 DCT Gdańsk and the Port of Gdańsk enter a new era of container handling on the Baltic Sea
14:51 Oleg Shakhmardanov appointed as head of FSBI Moscow Canal
14:10 MAN wins the world-first order for methanol engine within container segment
13:56 Amursky Shipyard should enter the APR markets – Prime Minister Mikhail Mishustin
13:14 Norcod finalizes transfer of 2.4 million fish into sea phase
12:55 Captain Guryev, rescue vessel of RF Navy's Black Sea Fleet passed the Suez Canal
12:32 Onezhsky Shipyard to get first federal tranche of RUB 1.3 billion for creation of ‘digital shipyard’ this year
12:13 DNV backs crew change programme in South East Asia
11:10 Firth of Forth proposed as Scotland’s Green Port
10:38 The Port of Gdansk welcoms the first cruise ship of the season
10:10 Andrey Severilov re-elected Chairman of the Board of Directors of FESCO
10:03 Haldor Topsoe and Yanchang form joint venture and build methanol catalyst facility in China
09:47 FESCO held repeated Annual General Meeting of Shareholders
09:28 Crude oil prices rise on reduction of US reserves
09:12 Baltic Dry Index as of July 28
09:05 Neal elected Long Beach Harbor Commission President
08:59 Seanergy announces delivery of one Capesize vessel and new bank loan facility

2021 July 27

18:34 Port of Kaohsiung wins International Association of Ports and Harbors (IAPH) 2021 Award
18:16 Port Houston launches business equity program
17:56 The UK’s most eastern port welcomes the maiden call of Noble Caledonia’s flagship vessel
17:36 ONE offers free transportation of oxygen tanks to India to fight the COVID-19
17:06 Pilbara Ports Authority launches its annual Recreational Vessel Safety Campaign
16:42 Carbon Trust to support BEIS in development and demonstration of innovative floating offshore wind technologies for the UK
16:14 Cargo Integrity Group calls for risk-based measures to prevent pest contamination
16:03 Passengers travelling via the Port of Helsinki should prepare for occasional congestion
15:33 APM Terminals Mobile targets Midwest supply chains
15:02 MOL jointly develops new energy-saving sail to boost ship propulsion
14:42 ICTSI South Pacific starts bulk coffee operations
14:24 GTT receives an order for the tank design of six new LNG carriers
14:11 IPEM and IAA PortNews launch their joint analytical project on cargo handling in Russian seaports
13:42 Port of Savannah moves 5mln TEUs in H1 2021
13:29 Launching of sea cruise between Aktau and Astrakhan under consideration
13:12 Port of Zeebrugge posts results for H1 2021
12:52 MSC takes delivery from Fincantieri of MSC Seashore
12:25 ABS leads EMSA consortium studying alternative fuels and technologies
12:12 IADC reveals the fifteen nominations in the running for the IADC Safety Awards 2021
11:44 FESCO performs its first intermodal shipment of containers with shoes from China to Krasnodar via CPV
11:26 MSC, Fincantieri and Snam to partner for world’s first oceangoing hydrogen-powered cruise ship
11:10 Yang Ming takes delivery of one more 11,000 TEU ship to upgrade Trans-Pacific service
10:45 The President of the European Council Charles Michel was briefed on the capabilities of the Port of Baku
10:39 Damen Marine Components awarded contract to provide rudders and steering gear for Navantia
10:23 DCT Gdańsk and the Port of Gdańsk enter a new era of container handling on the Baltic Sea
09:59 CMA CGM to launch a new RORO Short Sea Med service connecting Marseille & Barcelona with Casablanca
09:51 LNG terminal to be built on Sakhalin by the end of 2023