• 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.




2021 January 23

16:31 DNV GL awards AIP to KSOE for wing sail propulsion system
15:23 Boomsma Shipping installs and sails off with two eConowind Flatrack VentiFoils
14:51 HHLA acquires majority share of automation specialist iSAM AG
13:18 MPA announces 30-day suspension for pleasure craft, ADVANT, for large social gathering on board
12:42 Puerto Aguadulce hits 1 million TEU milestone
11:36 Diana Shipping announces time charter contract for M/V Calipso with Viterra
10:53 Bahri Ship Management receives ISO 45001 certification for occupational health and safety

2021 January 22

18:00 Rosmorport's icebreaker Mudyug starts providing icebreaking assistance in the Baltic Sea
17:36 Andrey Lavrishchev appointed as head of Federal Marine and River Transport Agency
17:13 Aleksandr Poshivay appointed as Deputy Minister of Transport of the Russian Federation
16:34 Rosmorport starts providing geodesic and hydrographic services in the water area of Petropavlovsk-Kamchatsky seaport
16:05 APM Terminals Gothenburg offers certified climate impact calculations to customers
15:49 Sredne-Nevsky Shipyard commences outfitting of yet another minesweeper of Project 12700, Pyotr Ilyichov
15:21 Norsepower installs first tiltable Rotor Sails on Sea-Cargo Ro-Ro
14:58 Container terminal in Świnoujście is in line with sustainable development vision
14:32 Cargo turnover of NCSP Group in 11M’2020 totaled 101.4 million tons, down 21.2% YoY
14:07 Petersburg Oil Terminal in 2020 increased shipments of oil products by 16.6%
14:03 Jan De Nul adds two new vessels to its fleet
13:45 DHT Holdings announces acquisition of two VLCCs
13:29 Iridium partner MetOcean Telematics provides SaR buoys to the USCG
12:52 Havyard develops hydrogen zero-emission vessels in new segment
12:11 THE Alliance announces Transatlantic Service Network adjustments for 2021
11:30 Rosmorport successfully completed formation of Ultramar terminal’s water area
11:06 Training ships Nadezhda and Professor Khlyustin welcome first cadets of 2021 season
11:05 Inmarsat passes 10,000-vessel fleet xpress installation milestone as data demand accelerates maritime digitalisation
10:39 Scottish Ports Group welcomes Scottish Goverment's establishment of 'Greenports'
10:21 Throughput of Kaliningrad port in 2020 fell by 6% Y-o-Y
10:02 MABUX: Bunker market this morning, Jan 22, 2021
09:48 Bunker market sees mixed price movements at the Port of Saint-Petersburg, Russia (graph)
09:30 Crude oil prices decrease amid aggravation of the epidemiological situation
09:12 Baltic Dry Index as of January 21

2021 January 21

18:07 Port of Houston awarded new start for Ship Channel
17:50 Throughput of port Vyborg in 2020 fell by 46% Y-o-Y
17:27 Rolls-Royce secures research contract with US Navy to develop innovative debris detection technology
17:03 Galeon Yachts announce new outbourd model
16:42 Throughput of port Vysotsk in 2020 fell by 4% Y-o-Y
16:32 Jan De Nul Group is the first dredging company to carry out 100% sustainable beach replenishments in Belgium
16:23 Yaskawa Environmental Energy develops a permanent magnet propulsion system for superyachts
16:09 MABUX Bunker Weekly Outlook, as of Jan 21, 2021
16:00 Throughput of port Primorsk in 2020 fell by 19% Y-o-Y
15:36 Bunker market see mixed price movements in the Far East ports of Russia (graph)
15:13 Battle stations for boat-handling systems
14:58 Port of Ust-Luga throughput in 2020 declined by 1% Y-o-Y
14:43 MasterCraft Boat Company launches digital boat show experience to connect with consumers amidst dynamic boat show season
14:22 ABS grants AIP for DSME’s Solid Oxide Fuel Cell technology
14:05 20% global e-commerce growth fast tracks supply chain tech adoption from 5 year plans into 2021 action
13:43 Sovcomflot and Total sign time charter agreement for up to 7 years for a newbuilding 174,000-cbm LNG carrier
13:21 TFG Marine to start bunkering operations from Falmouth in the United Kingdom
13:11 Ocean carriers battle the Covid cargo crunch
12:52 Throughput of Port St. Petersburg in 2020 remained flat, year-on-year
12:36 UECC opening doors to a sustainable future
12:08 Crowley awarded fuel distribution contract for Arctic North Warning System
12:03 FESCO transported first containers with grain from Khabarovsk to China
11:41 Wilhelmsen Ship Management becomes a member of the Sustainable Shipping Initiative
11:24 Russian Crab Company Group reports annual operational results for 2020
11:05 MABUX: Bunker market this morning, Jan 21, 2021
10:36 MSC earns maritime sustainability certificate
10:20 Maritime UK welcomes Associated British Ports to the Diversity in Maritime Charter programme
10:05 New container service connecting Port of Immingham with Bilbao
09:37 Crude oil prices decrease as US resources grow