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  • 2022 January 19 17:33

    Freeport of Riga Authority to invest almost EUR 1 million in implementation of port digital technology and IT solution projects this year

    Being aware of the importance of smart technologies and green energy and their impact on economic and business processes, both the companies of the Port of Riga and the Freeport of Riga Authority have expressed their readiness to further develop and invest in green energy, smart technologies and IT projects. According to the press release of FRA, energy efficiency, automation of port processes and speed of cargo movement - these are the most important issues today, which have direct impact and will further affect the offer and competitiveness of the Port of Riga. The Freeport of Riga Authority is planning to invest almost one million euros in the implementation of port digital technology and IT solution projects this year.

    “Every stevedore working in the port of Riga and every company operating in the port will have to become more efficient in terms of energy consumption, be able to be greener and to provide investments in green technologies. We have unanimously supported this trend of the port development. The second important direction is digitalization, so that we can keep pace with today's global transport and logistics development trends and directions,” emphasized Ansis Zeltins, the Freeport of Riga CEO.

    “Green technologies have huge support from Europe, with co-financing of up to 85% in some cases. That means that the investment would pay off very quickly. Considering today's energy prices, solar panels, for example, with such a significant co-financing, can ensure return on investment in a couple of years,” said Rihards Strenga, Executive Director of the organization representing the interests of companies working in the Port of Riga.

    There are many warehouses in the port with a total area of at least 50 thousand m2, which could be operated with solar panels. The companies’ plans to become more energy efficient and environmentally friendly do not have to be fully funded from their own resources - up to 85% of funding can come from the EU.

    “Since last year, there have been a lot of programs at European level where entrepreneurs can launch “green” projects as clusters and attract funding directly. This is a very large amount of co-financing and we are looking in that direction. While there are undoubtedly many different criteria that need to be met in order to receive funding, if everything goes as planned, it is certainly an investment worth millions. If we assess the average investment in the port sector in Europe, not to mention the world, then any medium-sized investment starts at 100 million euros. For example, the solar panel project would undoubtedly be of large scale and importance for the port and the city, both from the economic and environmental aspects,” said R. Strenga.

    According to R. Strenga, the second important development direction is the digitization of port processes and cargo handling operations. Today, many companies operating in the Freeport of Riga have already automated and digitized a large part of their daily work. However, the common ambition of the port is to create a unified cargo accounting system, which would be connected to the customs and other public services, thus significantly reducing the circulation of paper documents and significantly increasing the capacity and speed of cargo movement.

    “Investments in the development of the port - these are investments in the Latvian economy. As for the indirect impact on the gross domestic product - these are several tens of percent. We would like to emphasize this fact in the new port development strategy - if there are stronger ports and more modern terminals, then the Latvian economy will also grow faster. Latvia's main exports pass directly through ports, so ports are very important for Latvia's economy to grow faster. On the other hand, many raw materials, including transport units such as cars and light commercial vehicles, are delivered through ports, as well as raw materials for metalworking and mechanical engineering. As ports modernize and enhance their capacity, we provide a considerable direct impact on Latvia's export leaders, which we are proud of,” emphasized R. Strenga.

2022 May 21

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2022 May 20

18:15 Inland ports urge the true completion of the European Network
18:00 IAA PortNews’ summary of past week news
17:37 Port Kolomna holds keel-laying of Moskovsky-703 dredger, Project 4395
16:56 Gazpromneft Marine Bunker prolongs contract on operation of terminal in Saint-Petersburg port till 2027
16:05 Blue Tern to support jacket installation campaign on Neart na Goithe
15:51 RUSCON sent cargo to China via inland terminal in Nakhodka
15:29 DNV certifies first training platform provider Seably
14:24 USC is in talks with potential customers on construction of container ships
14:02 Port of Savannah moves nearly 500K TEUs in April 2022
13:59 RF Navy to take delivery of 20 warships in 2022 – Vice Prime Minister Yury Borisov
13:18 MOL holds joint public-private anti-piracy drill with LNG carrier 'LNG MARS'
12:54 Daewoo Shipbuilding сancels LNG сarrier order linked to Sovcomflot - The Maritime Executive
12:43 USC set to start serial production of components for ship propulsion units in 2024-2025
12:41 Russian oil producers start to book up an increasing number of tankers owned by Sovcomflot - Bloomberg
12:24 Corvus Energy sets up US battery factory to meet market demand for hybrid and zero-emission vessels
12:14 Wärtsilä extends leadership in hybrid vessel segment
11:52 GTT receives an order from Hyundai Samho Heavy Industries for the tank design of a new LNG carrier
10:55 Havyard Group ASA and HG Group AS merge to create a leading service provider
10:00 USC head forecasts increase of orders from defense industry
09:19 Crude oil futures decrease on possible rise of supplies to China
08:56 MABUX: Irregular changes to prevail in Global bunker market on May 20

2022 May 19

18:06 Valenciaport detects in April a decline in Spanish export activity
17:48 Border checkpoint opened at Ultramar terminal in Ust-Luga seaport
17:26 CIMC Raffles delivered the first of two record-breaking ships to Wallenius Sol
17:15 ClassNK certifies NAPA Fleet Intelligence and NAPA Performance Monitoring and Optimization, and adds new notations to ships
16:41 New zero-emission Côte d’Ivoire Terminal receives first port equipment
16:12 PortsToronto releases 2021 Audited Financial Statements
16:05 “K” Line Group’s Yokohama Daikoku C-4 Terminal starts operation utilizing renewable energy
15:38 OTEKO obtains ISO 9001 certificate for handling of dry bulk cargo
15:06 Port of Salalah commissions new equipment to increase efficiency and meet demand
14:13 The first ship equipped to utilize future fairway services tested at Port of Kokkola
13:49 Vladivostok Fish Terminal puts into operation refrigerating facility of 7,000 tonnes in capacity
13:02 Wärtsilä completes delivery of 15 LPG fuel supply systems
12:28 Development of programme for Ship Repair, Modernization and Components conference is underway
12:07 MABUX: Bunker Weekly Outlook, Week 20, 2022
12:03 Long-term rates for reefer containers on the key US West Coast to Far East route up 60% in April - Xeneta
11:50 H2-Industries set to clear the oceans of plastic waste and produce clean fuel from innovative ship design
11:32 EU policymakers still need more ambitious green measures - Danish Shipping
11:11 PortNews issues its annual analytical report “Civil Shipbuilding in Russia”
11:03 Ports Long Beach and Los Angeles give update on Clean Air Action Plan
10:36 Global Ship Lease announces new forward charter agreement
09:56 RS developed requirements on usage of alternative fuels
09:53 ZIM reports record financial results for Q1 2022
09:29 Russian oil exports in January-April 2022 declined by 0.6% to 66.3 million tonnes
09:13 Crude oil futures rise on US reserves reduction statistics
08:58 MABUX: Bunker prices may continue downward changes on May 19

2022 May 18

18:35 Jotun's new tool to forecast carbon intensity of vessel operations
17:56 Gasum considers that natural gas imports from Russia could end this week
17:20 RF Government to extend setting of quotas for exports of mineral fertilizers till December 2022
17:06 Port of Antwerp-Bruges & CMB.TECH prepare the first hydrogen-powered tugboat
16:18 Port of Hamburg container throughput up 1.8 percent to 2.2 million TEU in Q1 2022
16:05 Port Houston container volume up 21% to 334,493 TEUs in April 2022
15:18 EU regulators must recalibrate EU ETS reform to ensure shipping industry is green by 2050 - WSC
15:11 Container throughput of Russian ports in 4M’2022 totaled 1.7 million TEUs, down 5.4% YoY
14:48 Throughput of Russian seaports in 4M’2022 rose by 0.1% YoY