• 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 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
10:24 Rosmorport completes repair dredging at Vostochny seaport
09:53 Crude oil market sees downward price correction
09:36 IAA PortNews opens registration for 4th International Conference “Development of Icebreaking and Support Fleet”
09:22 Baltic Dry Index as of July 21
08:31 MABUX: Global bunker prices may continue firm upward evolution on Jul 22

2021 July 21

18:30 MSC Cruises restart its activity in the Port of València