• Home
  • News
  • Port of Riga saw cargo structure changes in 2020
  • 2021 January 14 13:40

    Port of Riga saw cargo structure changes in 2020

    According to the Port of Riga, the year 2020 was an important turning point for it in terms of cargo structure changes - the volume of cargo of local origin as well as with higher added value has significantly increased, and currently accounts for 57% of the total port cargo turnover.

    “Despite the impact of the Covid-19 pandemic on the transportation industry and the decline in Russian energy cargo, in 2020 the Freeport of Riga has been able to maintain its financial stability, invest in port infrastructure and continue implementation of development projects,” said Mr. Ansis Zeltins, the Freeport of Riga CEO.

    Although last year 23.7 million tons of cargo were handled at Riga port, which is by 9.1 million tons less than in 2019, almost the entire volume decrease of 8.8 million tons is related to fossil segment cargo - i.e. coal and oil products. Cargo groups - grain, timber and containerized cargo, which were previously defined in the port development plans as the top priorities, have maintained stable growth trends by the end of the year.

    “The Russian cargo crisis has given a significant impetus to the business environment of the Port of Riga fostering further development aimed at cargo diversification and quality. The port companies continue to actively invest in cargo handling technologies, additional warehouse capacity and IT solutions. The share of cargo of Latvian origin in the port's cargo structure has increased both in percentage and in absolute terms, which proves the potential of the Latvian export market. In general, despite the fierce competition between the actors, the Riga port companies’ operation in 2020 has become more efficient, “smarter” and definitely more sustainable,” added the Freeport of Riga CEO.

    In 2020, Latvian grain growers more frequently used the Port of Riga to export their products. This trend has facilitated a new highest achievement for grain product cargo - in total, almost 3 million tons of grain products were handled at the Port of Riga. Due to its favorable geographical location, investments of port companies in the development of terminals as well as competence in dry bulk cargo handling the Port of Riga is able not only to successfully compete with other market players, but also to pursue its ambitious goal to become a regional leader in grain handling.

    Exports of forestry cargo continue to develop steadily, accounting for a quarter of the port's total cargo turnover. Last year, 5.8 million tons of various forestry products and timber were handled at the port of Riga. In addition to timber storage and handling, the Riga port companies are expanding their involvement in timber processing - from drying and impregnation to the production of semi-manufactures for wooden house modules. Such services not only increase the competitiveness of companies operating in the Port of Riga in the forestry cargo segment, but also promote local exports.

    Although the Covid-19 pandemic crisis has had a drastic impact on container shipments around the world in the spring, the volume of containers handled at the terminals of the Port of Riga has been maintained at the 2019 level. In 2020, 453.57 thousand TEUs were handled at the Port of Riga.

    The Port of Riga is the largest port in Latvia, in 2020 more than half (53%) of the total cargo volume of Latvian ports was handled at the Port of Riga.




2021 October 27

18:22 IMC Shipping appoints Mingfa Liu as managing director for ship services
18:07 TotalEnergies and MOL hold naming ceremony of France’s first LNG bunker vessel
17:51 Damen built LNG bunkering vessel enters service in the Gulf of Finland
17:42 Rosmorport takes delivery of LNG-powered Ro-Ro ship Marshal Rokossovsky
17:40 DEME Offshore installs final foundation at Hornsea Two offshore wind farm
17:34 Port of Zeebrugge posts a strong growth in nine months of 2021
15:40 Dublin Port volumes down by 3.3% after nine months of 2021
14:33 IMO considers midterm-measures for GHG reduction from ships
14:12 BIO-UV Group adds 3d scanning to turnkey BIO-SEA BWTS retrofit services
13:50 Ocean Yield agrees to invest in six VLCCs with 10-year bareboat charters to International Seaways
13:02 WinGD invests in training as gas-fuelled fleet grows
12:52 Vyborg Shipyard contracted to build an 18 MW icebreaker for Rosmorport
12:38 Zero emissions by 2050 is not enough for most developed countries if planetary warming is to be limited to 1.5 degrees - DNV
12:37 The LNG Fleet, LNG Bunkering and Other Alternatives Conference kicks off in Moscow
12:06 FESCO to supply Indian stations in Antarctica for another 5 years
11:51 Constructora Vale Verde places a repeat order for a cutter suction dredger with Damen Shipyards
11:19 MarineMax reports record fourth quarter and fiscal year results
11:18 FSRU Marshal Vasilevskiy completes maiden voyage with LNG cargo on the Northern Sea Route
10:09 Siemens Gamesa solidifies offshore presence in U.S. with Virginia blade facility
09:55 MABUX: No firm trend on Bunker market on Oct 27
09:33 Baltic Dry Index as of Oct 26
09:25 Aquadrill announces sale of a semisubmersible drilling unit
08:57 Oil prices edge lower

2021 October 26

18:06 FarSounder and NAVTOR announce a new partnership
17:49 Russian State Duma approves a bill on wrecks removal in the first reading
17:36 FuelEU can do more for the decarbonisation of shipping – World Shipping Council
17:08 First global hydrographic innovation and technology laboratory established in Singapore
16:31 BIO-UV Group adds 3D scanning to turnkey BIO-SEA BWTS retrofit services
16:24 Wärtsilä commits to carbon neutrality by 2030
16:05 CSL Americas takes delivery of second converted self-unloading ship
15:27 Damen Maaskant Shipyards Stellendam delivers 38-metre Beam Trawler to Rederij Long Ships
15:17 Vard Electro dual-battery pack to reduce emissions for Siem Offshore subsea vessel
15:01 Baltic Shipyard marks successful loading of shield tank duo onto the 22220 nuclear icebreaker Yakutia
14:13 BW Energy signs an agreement for the acquisition of semi-submersible drilling rig for the Kudu development
13:19 Wallem Group appoints John-Kaare Aune as new Chief Executive Officer
12:13 DP World: RWG terminal to be the first carbon neutral container terminal in the world
11:32 ClassNK grants Innovation Endorsement for Products & Solutions to Weathernews’s CIM
11:02 AIDA Cruises’ new cruise ship completes its first voyage on the river Ems
10:51 Sea Machines names Trevor Vieweg as new chief technology officer
10:14 TECO 2030 receives NOK 50 million in government support for fuel cell development
10:07 MABUX: Bunker prices may demonstrate irregular changes on Oct 26
09:54 Baltic Dry Index as of Oct 25
09:51 San Pedro Bay ports announce new measure to clear cargo
09:09 Oil prices continue to climb

2021 October 25

19:59 Severnaya Verf readies the 170701 series factory freezer trawler Kapitan Sokolov for shore power connection
18:13 CMA CGM applies Winter Surcharge in the Russian ports of St Petersburg, Bronka and Ust-Luga
17:44 Estonia’s Elenger takes delivery of first Damen LGC 6000 LNG bunkering vessel
17:34 Carnival Cruise Line christens Mardi Gras in first naming ceremony in the U.S. since industry restart
16:57 Sembcorp Marine clarifies report on the Johan Castberg Project
16:47 Two ways to experience the Fort Lauderdale Int'l Boat Show
15:23 Trafigura Group closes USD2.4 billion-equivalent syndicated revolving credit facility and term loan facilities
14:22 Sea Port of Saint Petersburg’s employees support package during COVID-19 pandemic
14:02 Svanehøj launches a new control system makes P&C offloading faster and easier
13:20 PIL launches new direct China to Gulf Service – Gulf China Service
12:15 Port of Hamburg honoured as ‘Best Seaport – Europe’
11:35 LR granted AiP to Samsung Heavy Industries for liquefied hydrogen carrier
11:12 Rosmorport updates Port of Ust-Luga data in the Register of Russia’s seaports
10:17 MABUX: Bunker prices may demonstrate upward changes on Oct 25
09:38 Russian Gov’t gives green light to imposing some port services tariffs in foreign currency
09:21 Baltic Dry Index as of Oct 22