• 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 July 25

14:58 USCG, partners medevac mariners off Kauai
14:51 WinGD first to deliver space-saving on-engine NOx aftertreatment
13:51 Tackling the fuel conversion conundrum
12:37 Panama renews maritime transport agreement with China
11:39 ABP Southampton appoints Head of Property
10:54 Agreement on Elbe River navigability signed

2021 July 24

15:02 Union Pacific reports 2Q 2021 results
13:29 Major £10M project aims to unlock untapped potential of ocean renewable energy fuels
12:37 LR: Turning to technology to tackle container ship fires
11:14 Survitec enhances lifeboat inspection solution to deliver savings and flexibility for ship operators

2021 July 23

18:27 EBRD and Ukraine boost low-carbon hydrogen development
18:03 ROSATOM and GDK Baimskaya LLC sign agreement to jointly supply energy to Baimsky plant
17:58 Van Oord signs contract with the Spanish energy company Iberdrola for the Baltic Eagle offshore wind farm
17:50 Chantiers de l’Atlantique completes installation of EGCS on three MSC Cruises vessels
17:41 ROSATOM and Aeon Corporation agree to Arctic shipping cooperation
17:32 RWE, Shell, Gasunie and Equinor sign a declaration of intent on the AquaSector project
17:18 Rosatom and DP World sign Cooperation Agreement
16:55 RosGeo eyes exploration of solid mineral deposits in the Persian Gulf
16:32 Learn the latest global LNG trends with LNGcon 2022
16:30 ROSATOM and Moscow State University’s Marine Research Centre sign cooperation agreement on environmental impact assessment in Arctic
16:07 Rosatom expects transit cargo flow along NSR to reach 20-30 million tonnes per year by 2030
15:39 ROSATOM and Nornickel sign supplementary agreement on icebreaker accompaniment
15:01 Sea Port of Saint-Petersburg handled 4.1 million tonnes of cargo in H1’21, up 12% YoY
14:36 Recovery of investments in offshore geological exploration not expected by RosGeo before 2022
14:14 Wärtsilä to provide thrusters for two Chinese wind farm turbine installation vessels
13:40 RosGeo: Deposits in shallow waters and estuaries should be taken into account when developing Arctic resources
13:12 A deep sea mineral riser system reviewed by ABS in an industry first
12:48 Nornickel set to expand and upgrade Dudinka port
12:11 Maersk changes the logistics landscape in Bulgaria and launches intermodal weekly service connecting Burgas to Plovdiv and Sofia
12:09 Ningbo Containerized Freight Index rises in July 2021
11:43 Vietnamese Navy ships arrived in Vladivostok to participate in Russian Navy Day celebration
11:11 GTT receives orders for the tank design of two new LNG сarriers
11:07 Integrated drill of emergency response teams conducted at CPC Marine Terminal near Novorossiysk
10:45 Alexei Rakhmanov: USC saved nearly RUB 18 billion in 2021 through cost optimization
10:24 Baltic Dry Index as of July 22
10:06 Crude oil market sees downward price correction
09:48 Russian Maritime Register of Shipping supports the 4th International Conference “Development of Icebreaking and Support Fleet”
09:30 China ports container volume rises 15% in first half of 2021
09:27 Alexei Rakhmanov: USC is set to open up routes that do not depend on foreigners
09:09 Sea Port of Saint-Petersburg handles high-speed train intended for Uzbekistan Railways
08:40 MABUX: Global bunker prices may continue firm upward trend on Jul.23.

2021 July 22

19:00 Northern Sea Route cargo traffic rose by 2.59% to 17,047,282 tonnes YTD
18:35 Equinor Brasil Energia awarded a contract to Floatel Victory
18:05 Solstad Offshore ASA announces new contract for the CSV Normand Jarstein to DeepOcean AS
17:55 Manila Harbor Center aids PH Coast Guard’s substation project
17:25 Suek AG supramax vessel Kumpula to sail through Northeast Passage
17:05 US FMC establishes Ocean Carriers Audit Program
16:25 Survitec enhances lifeboat inspection solution to deliver savings and flexibility for ship operators
16:05 RINA and SWS mark a new era in Cruise shipbuilding in China
15:27 Multipurpose Reloading Complex in Ust-Luga handled 2.24 million tonnes of coal in H1’21, up 4% YoY
15:22 DBS partners maritime players and MPA to complete Singapore’s first live bunker delivery financing pilot with digital bunker delivery note
15:11 Two new hybrid LNG-electric ships join to the Brittany Ferries fleet
15:05 Second batch of oversize equipment for Amur GCC reloaded in De-Kastri
14:42 CMA CGM to launch a new Indian Ocean feeder service
13:21 DCT Gdańsk Welcomes New CEO – Charles Baker
13:20 Port of Rotterdam posts H1 2021 results
12:58 Seven entities interested in investing in Port Gdański Eksploatacja
12:03 Shipping industry announces international decarbonisation conference at COP26
11:03 Boskalis awarded contract for deepening the approach channel to harbor of Harwich, UK
10:29 Transport Canada issues new Ballast Water Regulations