• 2019 October 11 10:28

    Cooperation with Belarus offers good prospects to Latvian transit sector

    During the last week, the Freeport of Riga Authority, several port operators and other logistics stakeholders represented Latvia during the Belarus International Transport Week in Minsk. More than 20 transport and logistics companies from Latvia participated in the 13th Transport and Logistics Fair, FRA says in a press release.

    For some time, the Latvian transport and logistics companies have used one brand, “VIA Latvia”, for self-promotion during international sectoral fora. This brand represents a uniform offering of stakeholders of the Latvian transport corridor, namely to ensure smooth and efficient cargo transit between Belarus and Latvia. It also helps to convince Belarusian partners that our transport corridor is lucrative and expedient, thus winning a very fierce competition with our neighbours. “‘VIA Latvia’ operates like a one stop shop,” explains Uldis Reimanis, Deputy State Secretary of the Ministry of Transport. “It is even more important during international trade shows, as it helps to attract more potential customers,” emphasizes U. Reimanis.

    Belarus has always been an important partner for the Latvian logistics sector. Currently, approximately one third of all consignments transported via Latvian railways is sent from Belarus to Latvian ports.  “Cooperation with Belarus in the transport and logistics sector has positive dynamics, as cargo turnover between Latvia and Belarus keeps growing. During the Transport Week in Minsk, we presented Latvia as a country which is nearby and friendly, and which is a good partner for efficient and successful business interactions,” claimed Tālis Linkaits, Minister for Transport, during his working visit to Belarus.

    Latvian ports are close enough to Belarus that does not have its own sea ports.  The range of our quality services is broad enough to compete for Belarusian cargo. Companies operating from the Port of Riga look at these opportunities from a practical business point of view. “For Latvian logistics companies, the Belarusian market is quite complicated. The Port of Klaipēda, which is geographically closer to Belarus, fiercely competes with us and attracts many potential customers. This is the reason why we have come to Minsk, namely to show off the advantages we offer and our strengths,” explains Valdis Andersons, Chairman of the Board of port operator ‘Rīgas centrālais termināls’.

    Ansis Zeltiņš, CEO of the Freeport of Riga, believes, “The Port of Riga has clear objectives for the Belarusian market, and we are currently able to efficiently compete for Belarusian cargo. Furthermore, from the point of view of the Latvian logistics sector, successful cooperation with Belarus entails access to a much larger market in the CIS countries and the entire Eurasian transport corridor.” The Commonwealth of Independent States (CIS) is the Eastern equivalent of the European Union. It is a customs union that covers 10 time zones and economies worth trillions of euros. Belarus is one of the CIS countries closest to Latvia. In addition, during the last few years, Belarus has developed successful cooperation with Chinese manufacturing and transit sectors. Thus, good relations with Belarus promise stable growth for the Latvian logistics sector in the future.




2019 October 16

18:37 Damen partners with TCS for increased vessel connectivity
18:07 AET christens two of the world's first LNG dual-fuel DPSTs to be chartered out to Norway's Equinor
17:35 PSA Marine signs frame agreement with Hydroniq Coolers
17:22 MODEC awarded Letter of Intent by Petrobras related to Marlim 1 FPSO
16:57 Throughput of port Kaliningrad in Jan-Sep’2019 fell by 21% Y-o-Y to 8.45 million tonnes
16:22 Throughput of port Vysotsk in Jan-Sep'2019 climbed by 4% Y-o-Y to 14.27 million tonnes
16:22 IBM boards the Mayflower Autonomous Ship project
15:58 Patrol ship of RF Navy’s Black Sea Fleet to take part in events dedicated to anniversary of Navarino battle
15:35 Navios Maritime Partners announces repayment of its Term Loan B
15:19 Throughput of port Primorsk in Jan-Sep’2019 grew by 18% Y-o-Y to 46.93 million tonnes
14:53 Port of Ust-Luga handled 77.49 million tonnes in 9M’19, up 7% Y-o-Y
14:34 NEPTUN WERFT holds keel laying ceremony for AIDAcosma
14:06 Throughput of Port St. Petersburg in Jan-Sep'2019 grew by 2% Y-o-Y to 44.97 million tonnes
13:45 Zvezda shipyard lays down fourth Aframax tanker for Rosnefteflot
13:20 Carnival Cruise Line to add fourth ship in Galveston
12:12 Hapag-Lloyd to apply a Peak Season Surcharge from North Europe to East Asia
11:51 WMU and AHHIC cooperate on marine insurance
11:33 Gazprom Neft establishes a Singapore subsidiary company to develop its international marine lubricants business
11:20 Intensive training on port management and efficiency held in France
10:57 IMO visited United Kingdom to assess country's implementation of special maritime security measures
10:14 LUKOIL enters Ghasha project for extraction of hydrocarbons in UAE
10:01 MPA of Singapore to strengthen collaboration on cyber resilience and response at the 5th Port Authorities Roundtable
09:59 APM Terminals Gothenburg to double rail volumes by 2022
09:52 Brent Crude futures price is up 0.19% to $58.85, Light Sweet Crude – up 0.13% to $52.88
09:36 Baltic Dry Index is down to 1,898 points
09:18 Bunker prices are flat at the port of Saint-Petersburg, Russia (graph)
08:43 Award-winning yachts honored at Cannes - Azimut, Benetti, and Galeon
08:35 MABUX: Bunker Market this morning, Oct 16

2019 October 15

18:37 MOL conducts tabletop drill based on an incident simulation involving containership
18:07 Fincantieri announces delivery of the fourth Royal Princess class ship at the Monfalcone shipyard
17:55 Tatarstan and Gazprom sign action plan for implementation of pilot project on using LNG powered ships
17:36 Keppel delivers fourth jackup rig to Borr Drilling
17:06 Maritime and Port Authority of Singapore revokes Inter-Pacific Petroleum Pte Ltd’s bunker craft operator licence
16:49 Hudson Shipping Lines joins the Trident Alliance as a member
16:26 PGNiG: a new oil and gas discovery in the Norwegian Sea
15:32 Port of Kiel announces conclusion of cruise season with turnover of cruise passengers having grown by 33.6% YoY
15:04 TechnipFMC awarded subsea contract for PetroVietnam Gas’ Nam Con Son 2 Phase 2 Gas pipeline development in Vietnam
14:35 Deltamarin provides RMC with design services for the Tallink ferry project
14:31 Port of HaminaKotka and Steveco jointly constructed pulp terminal in Kotka’s Mussalo Harbour
13:57 Shore power to improve air quality and reduce noise in Port and City of Tallinn
13:20 “Wind Barriers at the Freeport of Riga” project receives Annual Riga Architecture Award
12:54 Krasnoye Sormovo delivers Pola Pelagia, yet another dry cargo carrier of Project RSD59
12:18 Bunker prices are flat at the Far East ports of Russia (graph)
11:55 Khabarovsk Shipyard launched pontoon dock gate for city protection against floods
11:09 Amendments to IMO's Ballast Water Management Convention enter into force on 13 October 2019
10:56 Trade Port Posiet handled 4.4 million tonnes of cargo in 9M’2019, up 4% YoY
10:37 World Maritime University delivered its Maritime Business Integrity and Corruption Awareness Seminar
10:09 Hapag-Lloyd announces rates from East Asia to North Europe and Mediterranean
09:38 Brent Crude futures price is down 0.76% to $58.9, Light Sweet Crude – down 0.67% to $53.23
09:32 MABUX: Bunker market this morning, Oct 15
09:22 Baltic Dry Index is down to 1,916 points
09:14 Jan De Nul helps to boost Mauritania’s iron ore export
08:59 CMA CGM announces FAK rates from Asia to North Africa

2019 October 14

18:06 Neptune Energy acquires North Sea assets from Energean
17:57 Rosatom set to have its plan for development of NSR infrastructure till 2035 to be approved by RF Gov't before year end
17:35 2020 Bulkers enters into a time charter agreement for Bulk Shanghai
17:21 Bronka port to handle cargo of up to 500 tonnes
17:05 CMA CGM announces FAK rates from Asia to the Mediterranean
16:50 Names given to first two super trawlers of Russian Fishery Company
16:35 Sasol invests in first South African-owned chemical tanker through Nduna Maritime