• 2021 April 15 14:36

    Servicing Capesize vessels in the port of Riga facilitates access to new cargo and distant markets

    Orient Cavalier
    Image source: Freeport of Riga Authority
    The Riga port new terminals on Krievu Island boast appropriate infrastructure to accommodate vessels of this size

    At the beginning of the month, a 255 m long and 43 m wide ship “Orient Cavalier” was serviced in the port of Riga at the berth of the SIA “Riga Coal Terminal” on Krievu Island, where for four days 100 thousand tons of coking coal have been loaded to be transported to China. The “Orient Cavalier” belongs to the so-called Capesize class - a vessel of this size was serviced for the first time at the new port terminals on Krievu Island, Freeport of Riga Authority says in a press release.

    Historically Capesize vessels have not been extensively serviced in the Baltic Sea due to their size, mainly due to their draught, preventing them from passing via the Danish Straits. In recent years, due to changes in the cargo shipping market and the freight rate, servicing of Capesize vessels, including those which are only partially loaded, provides a competitive advantage for the port by attracting various groups of dry bulk cargo.

    The Riga port new terminals on Krievu Island boast appropriate infrastructure to accommodate vessels of this size, and the Freeport of Riga Authority will improve the parameters of the main shipping channel and turning basin to safely and qualitatively receive and service Capesize vessels in the Port of Riga.

    “Larger vessels are being used for sea freight worldwide. When transporting a larger amount of cargo, the cost per unit of transported cargo is reduced, and transportation becomes much more attractive for the client. This is particularly important in the dry bulk segment, such as coal and metal ore, where the use of larger vessels makes it possible to provide a much more advantageous ship freight rate per one shipped ton. Besides, it becomes especially advantageous when shipping cargo over longer distances, which provides the possibility to consider more distant regions,” said Ansis Zeltins, the Freeport of Riga CEO.

    “The arrival of the “Orient Cavalier” at the port of Riga and the vessel’s servicing at our terminal is important not only due to its impressive size, but mainly due to the new destination and the new type of cargo - coking coal, which is used in metallurgy. We could even say that this call practically marks a new era in servicing this cargo segment,” emphasized Mikelis Lapse, the member of the SIA “Riga Coal Terminal” Board. “It is important for us to show our clients that here in Riga we can simultaneously handle such a large amount of cargo, as well as quickly and operatively service vessels of this size. I think that this will make coal cargo carriers pay more attention to Riga, and hope that in the future a certain part of the coal cargo in a new quality might return to the port of Riga,” continued Mr. Lapse.

    At present, Capesize vessels are practically not serviced in the ports on the eastern shore of the Baltic Sea, so the possibility to do it in Riga provides significant market advantages not only in comparison with the ports of the Baltic States, but also with those in Russia. According to the information processed by the Freeport of Riga Authority and the port merchants, currently more than 30 million tons of coal from the ports on the eastern shore of the Baltic Sea are shipped by Panamax vessels to markets outside Europe – in Asia, South America and the Middle East. Ports in these regions are able to accommodate Capesize vessels, so it would be more advantageous for cargo carriers to use larger Capesize vessels instead of Panamax ones. By demonstrating that it is possible to service Capesize vessels in Riga, the port could qualify for a share of this cargo volume.

    “The ability of the port to accommodate Capesize-class vessels shall facilitate access to new cargo and distant markets. Thus there are additional opportunities for our stevedores, as well as cargo carriers working through the port of Riga, to provide a full range of services, servicing ships of various sizes. Furthermore, we gain advantages by attracting new cargo segments to the port and promoting the growth of cargo turnover in the port of Riga,” pointed out the Freeport of Riga CEO.

    Capesize-class ships are mainly dry bulk carriers with a deadweight capacity of over 120,000 tons. The name of the ship class comes from the word “cape”. Capesize – it was the name used for large ships that, due to their parameters, could not pass through the Suez or Panama Canal, so they had to traverse the Cape of Good Hope or Cape Horn to sail between oceans.




2021 May 8

17:09 Kalmar and BTP strengthen long-standing collaboration with new order for Kalmar Ottawa T7 terminal tractors in Brazil
16:17 Sweden’s first inland shipping shuttle service introduced between Stockholm Norvik and Port of Västerås
15:39 Cameroonian port orders two Konecranes Gottwald Mobile Harbor Cranes to raise productivity and handling capacity
15:26 IMO meeting to focus on containers lost at sea
14:48 ABP invests £140K to enhance facilities at Port of Troon
14:27 SEA-LNG members the Port of Corpus Christi Authority and Stabilis Solutions partner to construct LNG fueling infrastructure for marine vessels
13:22 Passed with flying colours: Formosa 2 project team in Taiwan
13:06 Start-up of Alfa Laval PureBallast 3 production in Qingdao will strengthen ties with Asian shipyards
12:47 CDWE signs Exclusivity Capacity Agreement with CSBC for pin piles for the Hai Long offshore wind farm
12:43 LNG will play key role in industry’s decarbonization ambitions, suggests ABS survey
11:36 Shipping unites to create $1M target emergency relief fund in response to COVID-19 seafarer crisis
10:12 Ports prepare for digital revolution: report examining connectivity at UK's economic gateways
08:49 FueLNG completes Singapore’s first ship-to-ship bunkering of an LNG-fuelled oil tanker

2021 May 7

17:18 HyTrucks consortium aims to have 300 hydrogen-powered trucks on the road in Belgium by 2025
16:34 Fairway adjustment on the Lower and Outer Elbe – start of two-stage release of increased drafts
15:17 thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains
14:54 Sustainable solutions for shipping: Rolls-Royce launches the first mtu Marine Summit
14:08 LR innovates lifecycle approach in oil and gas subsurface software
12:43 Taranto Cruise Port welcomes its first cruise ship
11:09 Castor Maritime buys a Kamsarmax dry bulk carrier
10:38 LR certification for one of Europe’s biggest windfarms

2021 May 6

16:17 Puget LNG and GAC Bunker Fuels join forces to supply LNG marine fuel by barge from the Port of Tacoma
15:53 Bunker Weekly Outlook, Week 18, 2021
15:41 Supply chain resilience solution: first supply-R pilot project completed with Shell
14:41 Damen launches Crane Barge in Yichang
14:32 Uni-Tankers invests heavily in intelligent engine management
14:29 Port of Corpus Christi Authority and Stabilis Solutions partner to construct LNG fueling Infrastructure for marine vessels
13:19 Continued growth, high profit and additional share buy backs from A.P. Moller - Maersk in Q1 2021
12:09 Mammoet on the company’s focus on projects for the renewables sector
11:42 CDC released guidance for cruise ships to undertake simulated voyages with volunteer passengers
10:57 Castor Maritime announces the en bloc acquisition of a tanke fleet consisting of 5 vessels

2021 May 5

15:33 Gibbs & Cox awarded $20M contract from Naval Surface Warfare Center, Philadelphia Division
14:18 Velesto Energy reports an incident with its rig VELESTO NAGA 7 at off the coast of Sarawak
13:41 Eastern Pacific Shipping and Rio Tinto enter charter for up to six dual-fuel LNG dry bulk carriers
12:48 New LNG bunkering barge from Titan LNG to supply Zeebrugge and English Channel regions
11:07 DNV awards AiP for new LNG fuel tank insulation with leak detection system

2021 May 4

17:24 SteelCoast’s growing momentum delivers gains
16:47 MPA announces full resumption of operations at the Port of Montreal and an end to the uncertainty
15:41 NAB strengthens long-term sustainability for Port of Newcastle landmark loan
15:21 MarineMax acquires KCS International, Inc. (Cruisers Yachts)
14:36 Tidal Channel into Bahia Grande closed until fall for $5M ecological restoration
13:47 USCG suspends response to overturned boat near Point Loma
12:38 BunkerMetric strengthens bunkering decision tool with wealth of Inchcape port call data
11:56 Government and business heads determine future of hydrogen at Ocean Now
11:04 Fednav welcomes the MV Arvik I - its newest icebreaking bulk carrier

2021 May 3

17:29 Total realizes France's first ship-to-containership LNG bunkering operation, after inaugural loading at Dunkirk LNG terminal
16:08 A-Navigation should be affordable and feasible for shipping companies – MARINET
15:36 IMO representatives consider Russian concept on a-Navigation convoy promising
15:18 Marlink Group closes the transaction on ITC Global
14:27 The U.S. Coast Guard suspends search for person in the water near Matagorda, Texas
13:48 A-Navigation will open up new opportunities for women involved in shipping activities
13:18 Carnival Breeze, Carnival Vista arrive in Galveston in advance of cruise rally at Port tomorrow
12:57 NTSB says maintenance error caused $2.2M marine accident with Canadian-flagged ship
12:43 Costa Cruises restarts from Savona with the flagship Costa Smeralda
12:07 Russia welcomes to benefit from its competences in Autonomous navigation safety
11:11 USCG searches for person in the water near Matagorda, Texas

2021 May 2

17:03 TNS Logistics relocates to Port of Brisbane
15:21 PSA Marine: Fueling connectivity with ONEHANDSHAKE™
14:18 Port Houston posts largest monthly container volume
13:44 Eidesvik announces sale of supply vessel Viking Athene