• 2020 October 8 10:59

    Port of Riga could start servicing capesize vessels next year

    The Freeport of Riga Authority says it has started the navigation canal cleaning project to accommodate capesize vessels (load capacity above 150,000 tons) at the Port of Riga already in the near future. Vessels of such size are not currently serviced in ports situated on the east coast of the Baltic Sea and therefore this is an opportunity that would bring substantial market advantages for the City of Riga not only compared to the ports of the Baltic States, but also the ports of Russia.

    “Globally, even larger vessels are used for cargo transportation by sea. The aim of carriers to reduce transportation costs is the main cause for the continuously increasing dimensions of vessels. This is especially important for bulk cargo, for example, in the segment of coal and metal ore where the use of larger vessels ensures a more economical freight rate per each transported ton. The ability to accommodate the large capesize class vessels would facilitate access to new cargoes and more distant markets compared to the current options while using Panamax vessels, thereby also contributing to increased cargo turnover,” said Ansis Zeltiņš, CEO of the Freeport of Riga Authority.

    Due to the large dimensions and draught capesize vessels can be accommodated only by the largest deep-sea ports and specially equipped terminals. Modern land-based infrastructure is currently available at the Port of Riga to accommodate large bulk carriers, whereas to ensure safe accommodation of capesize vessels it is necessary to clean the main navigation canal near the port access gate and the navigation canal opposite to Krievu Island.

    Based on the information summarised by the Freeport of Riga Authority and port merchants, in 2019, more than 30 million tons of coal were shipped out with Panamax vessels from ports situated on the east coast of the Baltic Sea to markets outside Europe, e.g., Asia, South America, and the Middle East which already are servicing capesize vessels. With the capacity to accommodate such vessels in Riga, the Port could compete for a part of such cargo volume.

    The load capacity of capesize vessels is above 150,000 tons. Vessels of such size are currently used mostly for the purpose of transporting coal and various metal ores. The name of the vessel derives from the word ‘cape’, i.e., ‘headland’. Large vessels were named capesize vessels because they were too large to pass through the Suez Canal or Panama Canal. These vessels had to pass either the Cape of Good Hope or Cape Horn to traverse between oceans.

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
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