• 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.

2020 June 5

12:01 Port of Rotterdam Authority decides to hold RFT for transport service along Container Exchange Route
11:47 Yevgeny Ditrikh takes helm of STLC Board of Directors
11:04 The second largest container vessels in the world, now has its “Socarrat”
10:41 Oil prices rise within $1
10:28 Marseille Maersk sets up new record for the port of Rotterdam
10:23 Training exercise held with rescuers of RF Navy’s Northern fleet to assist emergency ship in the Arctic
10:00 RF Navy's oceanographic research vessel Admiral Vladimirsky entered the North Sea
09:39 Bunker prices rise at the port of Saint-Petersburg, Russia
09:18 Baltic Dry Index on June 4
08:46 MABUX: Bunker market this morning, June 05

2020 June 4

18:20 Wärtsilä to supply Europe's most modern simulator for inland shipping training
18:02 Dutch innovative app trains 10,000 process industry workers in Singapore during Covid-19 lockdown
17:47 Singapore Maritime and Ports Authority issues guidelines for crew change
17:25 Gasum performs first LNG bunkering to Heerema’s Sleipnir
17:02 China Merchants Group's emergency working group of the prevention and control of COVID-19 holds 20th meeting
16:34 Throughput of port Vysotsk in 5M’2020 fell by 24.2% Y-o-Y
16:02 Diana Shipping announces time charter contract for m/v G. P. Zafirakis with Koch
15:41 NS Power's crew rescues two people in the Andaman Sea
15:23 RS Rules update: hybrid propulsion
15:02 Grimaldi boosts its Italy-Greece connections
14:32 DNV GL and ABB launch new MOU to advance marine digitalization with a remote signing ceremony
14:02 150 trapped eels rescued at the Port of Gothenburg
13:48 Bunker price are stable at the Far East ports of Russia (graph)
13:31 MSC Mediterranean Shipping Company extends the seasonal blanking programme on its Asia–Europe network
13:01 Wärtsilä offers new remote service to overcome Covid-19 travel restrictions
12:31 DEME to build the Scheldt tunnel
12:03 Havyard presents new design concept for zero-emission sightseeing vessels
11:45 Annual throughput of Murmansk Transport Hub to be raised to 100 million tonnes
11:23 Construction of automated gate complex commences at APM Terminals Aarhus
11:10 Port of Zeebrugge joins the International Port Community Systems Association
10:58 Jiangnan Shipyard and Gabadi teams complete construction of the first LNG tank as part of an LNG-fuelled container ship project
10:57 AS Tallink Grupp Statistics for May 2020
10:33 More departures added for Helsinki-Tallinn route vessel Star from 4 June 2020
10:11 Oil prices go down by 1.48%-2.06%
10:00 CMA CGM cancels Low Sulphur Surcharge from July 1st, 2020
09:52 Russia’s leading shipping companies suggest development of ATB services by the USA example
09:40 PIER71 launches Smart Port Challenge 2020 with New Venture Capital Partners for maritime tech start-ups investments
09:36 MABUX: Bunker market this morning, June 04
09:14 Baltic Dry Index on June 3

2020 June 3

18:25 Russia's Main Department of State Expertise approves construction of operational water area under Obskiy LNG project
18:03 Cargotec’s Kalmar and MacGregor to help drive development of connected automated waterborne transport through participation in AEGIS project
17:46 Rosmorport announced tender to reconstruct coastal facilities of Vanino-Kholmsk ferry service
17:24 RF Government approved allocation of RUB 60.5 billion for Russian Railways’ BAM and Transsib projects in 2020
17:02 THE Alliance announces COVID-19 response measures for July, August and September 2020
16:35 Russian Railways CEO says railway link with Murmansk to be restored by June 23
16:11 Transport route to link Quy Nhon Port with Northeast Asia
15:49 Rosatomflot completed escorting Vladimir Voronin gas carrier along the Northern Sea Route
15:33 Fincantieri and ENI extend an agreement in the field of circular economy and decarbonisation
15:01 Austal announces CEO transition
14:33 HHLA handles world’s largest container ship at Burchardkai
14:11 Key players develop emission-free navigation solution for barges
13:32 The CMA CGM Group heads towards carbon neutrality by 2050
13:26 Bunker sales at Vladivostok port in 5M’2020 fell by 27% YoY
13:01 APM Terminals Mobile gains another distribution center
12:31 CMA CGM announces GRR from Asia to East Africa
12:01 Savannah harbor deepening sets precedent with four dredges working simultaneously
11:30 Abu Dhabi Ports launches “SAFEEN FEEDERS” shipping service in response to growing regional and global trade
11:00 EIZO secures LR type approval for maritime monitors via remote survey
10:30 Cargotec completes the ownership change of joint venture in China
10:09 Associations call for accelerating digitalisation of maritime trade and logistics