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  • 2020 December 24 10:08

    More than half of the Port of Riga companies to end the year with an increase in cargo turnover

    Despite last year's challenges in the cargo transportation sector - the Covid 19 crisis and the sharp decline in Russian transit cargo, many stevedoring companies in the port of Riga will close the year with positive indicators and an increase in cargo turnover. According to the operational data of the Freeport of Riga Authority, currently 19 of the 33 port cargo terminals have handled more sea cargo than last year and the cargo turnover at 4 terminals has remained practically unchanged.

    One of the biggest increases in cargo volumes this year has been experienced by the company “Extron Baltic”. During 11 months, the terminal handled 544.1 thousand tons of cargo, which is by 16.7% more than last year and the said volume is exceeding the total amount for 2019. Therefore, it can be expected that the company will close 2020 with a significant increase in cargo turnover.

    The company “Extron Baltic” has been constantly increasing handled cargo volumes since 2010. From a small stevedoring company, it has now grown into a major port business player and is quite close to the port's top 10 cargo terminals. The main types of cargo handled by the company are metals, grain and timber.

    “The company's success story is based on what we can call sustainability. The operational strategy, set out more than five years ago, was focused on developing the local cargo handling. “Extron Baltic” berths with a small draft are not suitable for accommodating large vessels, therefore cargo transportation by smaller vessels was chosen as the most promising operational model. This approach of not so fast but persistent growth has paid off today,”said Mr. Valdis Andersons, Chairman of the “Extron Baltic” Board.

    "This year's specific trend at our terminal, as at all other port terminals which handle timber cargo, is a significant growth in the lumber segment. This trend is clearly related to the Brexit process and customers' desire to send as much lumber as possible to the UK before Brexit starts on January 1, 2021,”commented Mr. Andersons on last year's figures of “Extron Baltic”.

    “Extron Baltic” is the largest general metal cargo handler in the port of Riga. The company handles 98% of all general cargo of metal products in the port. Metal is the product that is not dispatched from Riga, but is imported. The metal cargo arrives at the terminal from large metal processing companies in Russia, and then travels by road to customers in Latvia and the nearby region.

    "Our advantage in the metal cargo market is the extensive terminal area, which is well suited for these cargoes. In the past, there was a concrete structure producing plant, the infrastructure of which - cranes and large warehouses - proved to be excellent background for handling metal products. Therefore we can be very efficient in this segment,”added Mr. Andersons.

    Besides, there is a metal processing company operating on the terminal’s territory, which processes the metal transported by sea, produces large-scale metal structures, which in turn are delivered to the consumers by ships. This type of production in the port area creates a synergy effect - it offers the production company favorable logistics conditions for raw materials and finished products, as well as ensures a stable cargo turnover for the port terminal in the long run. That is why this type of high value-added production in the port of Riga is especially encouraged and supported.

2021 October 19

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17:22 Oboronlogistics delivers cargo for the construction of a cultural cluster in Kaliningrad
16:58 North Sea Port, Zeeland Regional Safety Board and Central Fire Response Zone join forces for cross-border incident response in the port area
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16:20 9M’2020 throughput of Taganrog Sea Commercial Port grew by 6% Y-o-Y
16:05 Fuelling the Industry: LNG as a fuel and its infrastructure at the 8th International Congress
16:04 Empire Offshore Wind selects Vestas as its preferred supplier for wind turbine generators for Empire Wind I and Empire Wind II
15:41 The decarbonization strategy likely is now the best business strategy for shipowners - ABS
15:13 Bollinger celebrates commissioning of 45th Fast Response Cutter USCGC Emlen Tunnel
14:51 RF Government and Rosatom instructed to organize regular transportation of transit cargo by NSR
14:30 Port of Rotterdam throughput rises substantially again in Q3 2021
14:03 Valenciaport throughput up 8.33% to 63.46 mln tonnes in Jan-Sept 2021
14:02 Ice restrictions in Port of Sabetta basin to be effective as of Oct 25
13:39 TGE Marine announces the successful gas trail of LNG bunker vessel ´Dmitry Mendeleev´
13:08 Port of Antwerp throughput up by 4.8% to 179.1% mln tonnes in Jan-Sept 2021
12:54 Cargo traffic via Khabarovsk Territory ports rose by 3% in 9M’21
12:33 Vitol’s V-Bunkers receives green ship awards from Maritime Port Authority of Singapore
12:15 The Methanol Institute welcomes the European Union’s package of proposals Fit for 55
11:36 Volga Shipping announces completion of three tankers conversion project
10:46 MABUX: Bunker prices may demonstrate multidirectional changes on Oct 19
10:11 Russian Gas Society supports 5th LNG Fleet, LNG Bunkering and Alternatives conference
10:09 Berenberg expands debt fund portfolio with two new multi-investor funds
09:46 Baltic Dry Index as of October 18
09:25 Crude oil prices rise on crisis anticipation
09:13 Roxtec selects Sustainable Marine Fuels

2021 October 18

18:07 OneOcean Group brings voyage optimisation solutions to Marlink Partner Programme
17:53 NOVATEK held its first Arctic LNG Projects Shipowners Conference
17:49 MOL tabletop drill prepares for serious marine accident
17:29 Over 40 ships and boats of RF Navy's Black Sea Fleet took part in large-scale exercise at Opuk training ground in Crimea
16:52 Icebreaker Kapitan Khlebnikov to help deliver new components for the Vostok Station in the Antarctic
16:16 Throughput of Russian seaports in 9M’2021 climbed by 1.7% (detalization)
15:48 Four industry focused educational institutions to take part in 5th LNG Fleet, LNG Bunkering and Alternatives conference
15:25 Baltiysky Zavod shipyard casts forth one-piece propeller for Project MR-50 product tanker
15:03 Nemport orders fleet of Konecranes Noell RTGs
14:13 Average spot market price for Russian M100 product rose to RUB 29,186 pmt
13:51 MOL, MAN ES and MES-M sign MoU aiming to order ammonia fueled main engine for ships
13:42 National Chamber of Engineers supports 5th LNG Fleet, LNG Bunkering and Alternatives conference as its Media Partner
13:00 Port of Ventspils throughput in January-September 2021 fell by 14% YoY
12:40 The Port of València will install a hydrogen supply station in January
12:36 Port of Helsinki throughput in January-September 2021 rose by 7.9% YoY
12:14 Port of HaminaKotka cargo turnover in 9M’2021 fell by 2.1%
11:29 Container throughput of Hong Kong port (China) in January-September 2021 rose by 0.1%
10:57 APM Terminals appoints new Head of Decarbonisation
10:48 Port of Liepaja throughput in 9M’2021 climbed by 8% Y-o-Y
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2021 October 17

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11:03 USCG commissions fast response cutter Emlen Tunnell

2021 October 16

12:38 MYCRANE signs MoU with Swiss-based EPCM, PESCO Switzerland AG
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