• 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 July 30

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13:15 Maersk pioneers first block train for Decathlon from Vietnam to France
12:53 Warships of Iran, India and Pakistan navies left Kronstadt after participating in the Main Naval Parade
12:34 12th Dredging & Land Reclamation Asia Summit to be held on September 27-30
12:15 Konecranes wins first customer for EPA-approved new diesel-to-hybrid conversion technology
11:49 Changes in Finnlines’ Management: Marco Palmu appointed as Head of Passenger Services
11:26 Handling of dry bulk cargo in Azov-Black Sea Basin expected to grow by 2035
11:20 MAN Energy Solutions and ANDRITZ Hydro agree on hydrogen cooperation
11:03 Broad scope of Wärtsilä solutions selected for OHT’s next-generation wind turbine installation vessel
10:57 Russian cargoes leave neighboring countries’ ports for domestic terminals
10:21 ONE launches Marine Safety and Quality Campaign 2021
10:15 New container terminal for 2,000 TEU put into operation in Novorossiysk
09:38 Nevsky Shipyard welcomes students for summer internship
09:20 Baltic Dry Index as of July 29
09:09 Crude oil market sees downward price correction after a two-day long growth

2021 July 29

18:26 GTT appoints its new Chief Financial Officer
18:06 PGNiG terminates Port Arthur LNG agreement
17:54 FESCO, RZD Logistics and Nurminen Logistics launch regular intermodal service from Asia-Pacific countries to Finland via CPV
17:36 PGNiG Group expands its fleet of gas tankers
17:16 The Hebridean Princess returns to ABP’s Port of Cardiff
16:58 Okskaya Shipyard to build five tugboats of Project NE025 for Marine Rescue Service
16:42 Ever Given arrives to the port of Rotterdam
16:34 PGNiG to purchase more LNG from Venture Global LNG
16:17 Kalmar to deliver 12 straddle carriers to long-term partner Medcenter Container Terminal in Italy
15:56 New BIMCO/ICS Seafarer Workforce Report warns of serious potential officer shortage
15:11 Railway traffic launched through the second Baikal tunnel
14:48 Rosmorport's Petropavlovsk Branch takes part in exercises on maritime search and rescue of people
13:59 The Maritime and Port Authority of Singapore forms Global Centre for Maritime Decarbonisation
13:15 Hydrographic Company to hold auction for construction of Arc7 hydrographic ship
12:37 Baltiysk ferry meets ISM Code requirements
12:13 Sembcorp Marine bags 24 Workplace Safety and Health Awards
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