• 2019 March 22 09:23

    Manufacturing at the Port of Riga beneficial for both businesses and the Port

    The Port of Riga future vision outlined in the Freeport of Riga Development Programme for 2019-2028 foresees transformation of the Port into a smart logistics centre with high added value services and production facilities, the port says in a press release. Development of manufacturing at the Port is a way to create jobs, generate income and ensure stable cargo turnover in the long term perspective. Numerous successful, rapidly growing companies that implement high-quality impressive production projects at the Port which serve their customers all over the world, prove that the Port of Riga is an attractive location for launching new production facilities already at this moment. Operation of these companies at the Port is equally beneficial for the companies and the Port.

    “Madesta” in its production facility at the Port of Riga manufactures large metal structures for oil, gas and various bulk material storage tanks. The company launched business in 2000 in Crimea, Ukraine. After the events of 2014 in Ukraine and following sanctions the company moved all its operations to Latvia. Currently “Madesta” is one of the largest tank manufacturers in Europe with 25 thousand tonnes of products manufactured last year.

    “Today we participate in all major tank construction projects in Europe”, “Madesta” Chairman of the Board Sergii Ganzelynskyi tells the story of the company’s growth. Since 2017, various large scale liquefied natural gas terminal construction projects are under implementation in Europe. They are financed by the US energy giant ExxonMobil to supply shale gas from the USA. “Madesta” supplied steelwork for the construction of the Antwerp terminal and is currently manufacturing structures for terminal construction in Rotterdam. “I am proud that Latvia enables construction of the largest terminals in Europe and in the world!” added Sergii Ganzelynskyi.

    Manufacturing of steelwork for storage of hazardous substances is a complex and knowledge-intensive process. Moreover, the quality requirements for the sheets are that strict that each of them is tested with ultrasound before loading to make sure everything is right. Sergii Ganzelynskyi: ‘We have proven to our customers that we can ensure perfect quality and meet all deadlines at competitive prices. We have a number of advantages, including our location at the Port and ability to provide skilled staff for terminal installation.”

    The leader of “Madesta” sees great development opportunities for manufacturing development at the Port of Riga: “The Port is important for the company’s operations and boosting its competitive advantage. Both the supply of raw materials and delivery of ready-made goods to the customers is executed by sea. In addition, our location in the Port allows us to offer our customers a special service, i.e. large-scale structures are assembled in Riga on the Port’s pier. Together with the Port terminal Extron Baltic we have developed solutions to load assembled large-scale structures on ships and deliver them to our customers thus reducing assembling time ans costs. So far, we are the only company to offer such service and that allows us edging ahead of our competitors.”




2019 April 22

18:29 President Vladimir Putin to kick off loading of an LNG cargo to Coral Anthelia in Vysotsk, April 24
18:04 Bahri explores maritime opportunities in Africa at Logismed
16:57 Federation Council approves the crab fishing quotas bill
14:45 Newspaper of Sea Port of St. Petersburg receives Best Corporate Edition 2018 Award
14:27 MOL to install AR navigation system on 21 VLCCs
14:26 Spot market price for Russian M100 product ended week lower at an average of RUB 19,431 pmt
13:07 Nobel Bros Shipyard re-launches refurbished pusher OTA-953
13:01 Seadrill Partners LLC receives early termination notice for the West Capricorn contract
12:06 Rosmorport invites to submit proposals for LS marine fuel supply at Sakhalin based Port of Shakhtersk
12:00 BP and partners sanction $6 billion Azeri Central East development offshore Azerbaijan
11:10 Int’l Neva 2019 Expo to present the hall of small crafts building achievements
11:00 Saudi Aramco to acquire Shell’s share of the SASREF refining joint venture
10:26 Crude oil futures soar to $ 73,81 (Brent) and to $ 65,53 (WTI)
10:05 DEME Offshore announces Moray East wind farm Tier One suppliers
09:58 Eni, CDP, Fincantieri and Terna join forces to develop power plants on an industrial scale
08:25 Mitsubishi Shipbuilding holds christening ceremony for next-generation LNG carrier "Diamond Gas Sakura"

2019 April 21

15:38 WheelHouse names Ian Morris as Vice President of Operations
14:34 CMA CGM to implement FAK rates from West Med, Adriatic, Black Sea and East Med to Far East, Middle East Gulf and Red Sea
12:37 USCG offloads 970 pounds of cocaine and 550 pounds of marijuana
11:31 CMA CGM hikes rates on Asia to Kenya, Tanzania service
11:07 Kinder Morgan raises dividend by 25%, announces Q1 2019 results

2019 April 20

16:31 CMA CGM announces FAK rates for Asia - the Middle East Gulf trade
15:02 MOL pledges support for Mozambique in wake of devastating cyclone
14:42 USCG Cutter Waesche crew returns home after 95-day counter-narcotics patrol
13:27 CMA CGM announces FAK rates for Asia to Pakistan / India / Sri Lanka trade
13:12 Carnival Cruise Line, CFVI unveil revitalized Griffith Park in St. Thomas for local children
12:26 BC Ferries celebrates Earth Day with the return of the Spirit of Vancouver Island
11:04 Certification of Arkona offshore wind farm by DNV GL confirms safe and reliable power supply
10:49 Navios Maritime Acquisition Corporation announces $103.2 million sale and leaseback transaction
10:38 Boskalis acquires EUR 75M dredging contracts in Indonesia

2019 April 19

18:07 Keppel posts net profit of S$203M in 1Q 2019
17:28 Passenger Port of Saint-Petersburg to complete Phase 1 of Berth No7 reconstruction in summer 2019
17:04 Saudi Aramco partners with the Saudi Contractors Authority fostering collaboration at ‘Future Projects Forum’
16:57 BAE Systems Jacksonville secures Navy's conntract mod for DDG 117
15:04 Hyundai LNG Shipping announces order for one VLGC at HHI
14:55 Marina for 100 yachts to be built in Feodosia by Firm “TES” LLC
14:10 C-Fenna successfully completes Fugro 1200 jackup towing operations
13:32 ESPO congratulates Port of Huelva for renewing EcoPorts’ environmental management standard
13:07 Spirit of Vancouver Island vessel returns to service after mid-life upgrade including conversion to natural gas
12:44 New High Bay Container Storage system launched as “BOXBAY”
12:10 ABS teams with industry leaders to improve container vessel safety
11:39 Port Arthur LNG receives FERC authorization for export project in Texas
11:08 Dual-fuel AET tankers conduct maiden LNG bunkering
10:43 Largest barge of Azerbaijan Caspian Shipping Company undergone overhaul
10:19 Brent Crude futures price is down 0.04% to $71.95, Light Sweet Crude – up 0.38% to $64
09:56 Bunker prices are sable at the port of Saint-Petersburg, Russia (graph)
09:35 TransContainer’s transportation volumes in Q1’2019 increased by 7.7% Y-o-Y to 492,000 TEUs
09:17 Baltic Dry Index is up to 790 points
07:42 GTT receives an order from DSME for the tank design of a new LNG carrier

2019 April 18

18:36 South Stream Transport B.V. and Saipem announce the amicable settlement of mutual differences
18:06 Seaway 7 selected as partner to develop Hollandse Kust Zuid Offshore Wind Farm
17:36 WinGD reports strong first quarter 2019
17:11 Launching ceremony held for eighth shallow-draft barge of Project ROB20
17:05 SOFEC completes engineering, supply and delivery of mooring system
16:26 Port of Murmansk to welcome eight cruise liners in summer season of 2019
16:05 Cooperation agreement between Eimskip and Royal Arctic line approved by the Icelandic Competition Authority
15:44 Navios Acquisition announces $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers
15:12 Nefteflot laid down two barges of Project RDB12 ordered by STLC
15:10 MOL to acquire strategic stake in six group companies, each owning a Very Large Ethane Carrier
14:40 Port of Rotterdam freight throughput grows by 5.1% in first quarter of 2019