• 2020 April 13 16:24

    Port of Riga significantly increased handling of grain and timber in 1Q’2020

    In the first quarter of this year, 583.8 thousand tons of grain and grain products were shipped from the Freeport of Riga, which is by 65.1% more than in the first quarter of 2019, and this is the largest increase in turnover among all types of cargo transshipped at the port. Almost half (271.1 thousand tons) of the total volume was exported by the ter-minals of the Port of Riga in March - at a time, when the Covid-19 epidemic broke out all over the world, moreover, all this volume is wheat grown in Latvia, the port says in a press release.

    In the first three months, ships with grain cargo have left Riga for ports of 13 different world countries. Final destination for half of all grain shipments was Nigeria, but grain was also shipped to Turkey, South Africa, Sudan, Lebanon, Egypt and ports in European countries.

    In terms of volume, the largest type of transshipped cargo in the first quarter of this year at the port of Riga was timber cargo, which accounted for almost a quarter (24%) of the port's cargo portfolio, and is almost entirely locally sourced export product. In the first three months, 1.5 million tons of various timber products were shipped from the port, which exceeds the indica-tors of the previous year (+ 0.9%). This year, the volume of pellets (+ 9.4%), wood chips (+ 30.4%) and sawn timber (+ 90.7%) shipped from the port has significantly increased. At the same time, due to a decrease of demand, exports of roundwood decreased by 27.9%. Ships have delivered timber cargo from Riga to ports of 14 different countries; most of the cargo has been delivered to Great Britain (37% of the total amount), Sweden and Denmark, which are traditionally the largest Latvian timber export markets.

    “The record-high volume of grain products transshipped in March was 100% grain grown in Latvia. We attribute the high turnover in March to the high demand and good prices in the grain market. The sellers tried to take advantage of the good market conditions and sell grain stocks, which in turn is reflected in grain export volumes and terminal transshipment rates. At the same time, we have already started preparing for the next season, hoping that after a mild winter, Latvia will have a good grain harvest again,” emphasizes Valerijs Fjodorovs, Commer-cial Director of SIA “Alpha osta”, the largest grain product terminal in the Port of Riga, which daily handless products of Latvian producers as well as transit cargo from Lithuania and Russia.

    Grain transshipped at the “Port Milgravis” terminal in Riga are also almost entirely produced by local Latvian producers. “As long as Latvian farmers grow grain, the amount of grain trans-shipped at the terminals of the Port of Riga will remain at a high level. The total increase in grain cargo turnover is also related to the investments into the development of the port termi-nal infrastructure, which facilitates faster and more efficient ship service, cargo handling and increase of cargo storage capacity,” explains Aleksandrs Bovtrukevichs, the CEO of the SIA “Port Milgravis”, the second largest grain product terminal at the Port of Riga.

    “In the recent years, we have built six new grain warehouses, we are planning the construction of three more warehouses, and it is also planned to reconstruct another berth with the aim to increase grain handling capacity in the future,” adds A.Bovtrukevichs.

    According to the experts the increased demand for grain and high prices might be attributed to the outcome of the Covid-19 crisis, - grain-importing countries, which are under-producing grain, are starting to buy grain and build up stocks, possibly for fear of imminent grain export restrictions.

    A total of 272 vessels have called the Port of Riga in March, and 2.35 million tons of various cargo were handled, in compliance with the strict security measures to protect port employees from the risks of infection. Thus March might be considered to be the most successful month for cargo transshipment at the Port of Riga.

    Cargo flows are transported both by sea and by road, i.e. by trucks and rail wagons - 45 100 road transport units and 14 400 railway wagons have been used for reception and delivery of cargo at the Port of Riga in March.




2020 October 27

18:37 Bahri net profit up 114% in third quarter of 2020
18:07 Premuda and Columbia Shipmanagement form joint venture
17:52 Publication of first N2000 nautical charts postponed to 2021
17:45 Deep water berth extension at Port of Halifax fully operational
17:37 SC Ports welcomes two new ship-to-shore cranes
17:30 FSUE Rosmorport to take part in 4th “LNG Fleet, LNG Bunkering and Alternatives” conference
17:06 Costa Cruises completes first LNG bunkering operation in Italy
16:24 OOCL updates North Europe – Turkey service
15:33 New tanks for storage and processing of polluted water have been put into operation in the port of Riga
15:04 Norway's biggest ferry company orders two new ferries from Havyard LAB
14:10 Port of Gothenburg posts results for January-September 2020
14:06 Krasniye Barrikady launched non-self-propelled cargo pontoon of Project GPRN
13:21 Wärtsilä cargo handling system design selected for new Very Large Ethane Carrier vessels
12:52 Bunker prices are stable in the Far East ports of Russia (graph)
12:27 BlueWater Reporting issues Q3 2020 World Liner Supply Report
12:09 HEINEKEN pioneers with zero-emission shipping
11:58 COVAXX and Maersk enter partnership to supply COVID-19 vaccines globally
11:03 Sea Port of Saint-Petersburg continues automation of railcars weighing
10:38 RF Government to look into development of national project focused on IWW
10:09 CMA CGM announces PSS for cargo from India North West ports to Europe
09:45 MABUX: Bunker Market this morning, Oct 27
09:40 Strategy for Developing the Russian Arctic Zone and Ensuring National Security until 2035 approved
09:22 Oil prices are recovering
09:07 Baltic Dry Index as of October 27

2020 October 26

18:03 Shipping emissions talks stall in London
18:03 Port of Klaipeda to get funds for sustainable development and digitization of the port’ management
17:42 34.6 million tonnes loaded in the Port of Klaipeda in 9 months of this year
16:58 Innovative solutions of MAPEI are increasingly widespread in shipbuilding
16:34 Kalmar continues long-term collaboration with Patrick Terminals with new order for AutoStrads
16:10 Average spot market price for Russian M100 product rose to RUB 12,430 pmt
15:46 Royal IHC and Suez Canal Authority successfully launch CSD HUSSEIN TANTAWY
15:34 EPS secures 15-year TC from STL for four dual fuel VLECs
14:52 RF Prime Minister approves list of checkpoints that can be crossed by foreigners with e-visas
14:31 Ocean Network Express to launch new intra Asia service
14:03 Port of Helsinki passenger traffic down 53.9% to 4.1 million in Jan-Sept 2020
13:06 Passenger turnover in Russian ports plunged by 73.9% in 9M’2020
12:59 ICS welcomes legally binding agreement to significantly improve the carbon efficiency of shipping
12:37 Delo Group and Russian Railways signed Agreement on cooperation in organization of rail container transportation
11:59 Stena Bulk branded class for tanker personnel opened at Admiral Makarov SUMIS
11:58 The Ocean Cleanup introduces first product made with ocean plastic pollution
11:30 NIBULON ranks first among Ukrainian shipyards
10:31 EMA and Keppel jointly awarded a research grant to pilot Singapore’s first floating Energy Storage System
10:15 Admiralteiskie Verfi shipyard delivered diesel-electric submarine Volkhov to RF Navy
09:50 MABUX: Bunker Market this morning, Oct 26
09:26 Oil market starts week with decreasing prices
09:09 Baltic Dry Index as of October 23

2020 October 25

15:27 USCG: Oil spill cleanup of Delaware Bay coastline continues
14:53 Richmond Council to host first public meeting with Hammersmith Bridge Taskforce
14:38 Deep water berth extension at Port of Halifax fully operational
13:27 Gothenburg Port Authority's Elvir Dzanic named as a member of Electrification Commission
12:43 Maritime NZ welcomes report to MPI
12:18 Oil spill response equipment and vessel rates in Singapore
11:04 GPA holds first virtual State of the Port

2020 October 24

15:47 Ocean transport of the first lot of railway coach to Myanmar completed
14:51 OOCL announces services changes and enhancements on Asia-Europe trade
13:28 Port Authority launches new campaign against litter
12:41 Hapag-Lloyd announces Ocean Tariff rates on East Asia - NEC and Mediterranean trade
11:06 CSD Hussein Tantawy successfully launched at IHC's shipyard in The Netherlands

2020 October 23

18:09 Baltic Data Flows: New HELCOM project seeks to harmonize and harvest environmental data at a pan-Baltic level
17:47 ICS welcomes legally binding agreement to significantly improve carbon efficiency of shipping