• 2020 October 19 12:52

    Port of Riga sets itself new goal to become region's leader in grain handling

    In September of the current year, 460 thousand tons of grain products were transshipped in the port of Riga, which is a new grain cargo record within one month, the port says in a press release. In total, in the first nine months of 2020, the companies of the Freeport of Riga handled 1,971.7 thousand tons of agricultural products, which is by 27.4% more than within the same period last year.

    The favorable geographical location, investments of port companies in the terminal development and competence in dry bulk cargo handling are the main pillars of the port’s competitive advantage, making it possible for the Freeport of Riga to set an ambitious goal - to become the region's leader in grain handling.

    “The main preconditions for successful competing are sufficient depths to accommodate large vessels, as well as a resilient railway infrastructure providing seamless reception and processing of both grain cargo from all regions of Latvia and transit cargo. The developed infrastructure of the port terminals with sufficient agricultural cargo reception, storage and transshipment capacities also plays an important role,” said Eriks Ceseiko, Chairman of the Board of the “KS Terminal”, one of the largest agricultural cargo transshipment companies in the Freeport of Riga.

    "This year's grain season has started dynamically. We have already handled almost 200 thousand tons of grain, which is the best indicator in the history of our company's grain handling. Most of the grain cargo are products of Latvian grain growers, which we receive by road from Zemgale farmers; there are also grain shipments from Latgale, which are delivered by rail, as well as grain cargo from Lithuania. Our biggest advantage in the grain market is the depth at the berths, where we can service the largest vessels entering the port of Riga. Our terminal is located on the left bank of the Daugava and is most easily reached by grain producers from Zemgale – which is traditionally called the Latvian bread barn.

    Currently grain is handled at 12 terminals of the Freeport of Riga, which are easily accessible to suppliers on both banks of the Daugava.

    September was a successful month for other cargo groups in the Freeport of Riga. Compared to August, the turnover of container cargo at the port has increased by 3%. In monthly terms, containers in the port of Riga were the second largest cargo group, but timber cargo ranked third. “The cargo situation in the port of Riga is changing. In recent years, the volume of fossil energy resources (coal and oil products) has decreased, while in other cargo groups - in the segments of agricultural cargo, timber and container cargo - stability or growth has been observed. There is more cargo and container cargo of Latvian origin in the port, which is a good trend, “pointed out Mr. Ansis Zeltins, the Freeport of Riga CEO.

    “The advantage of the Freeport of Riga and its terminals is the ability to quickly adapt to changing market conditions. If a cargo group volume decreases due to geopolitical or market situation, it does not mean that the port terminals are idle or the port ceases to operate,” added A. Zeltins.




2020 December 4

17:46 BIMCO: EU ship recycling regime improved but gaps remain
17:26 Hapag-Lloyd announces PSS from Far East to North Europe and Mediterranean
17:04 Zvezda Shipyard lays down shuttle tanker of ARC6 class
16:52 Lloyd's Register to acquire C-MAP Commercial from Navico Group
16:35 WDP builds multimodal mega-distribution centre in North Sea Port
16:05 Volkswagen powers car freighters with used oil from restaurants
15:24 Marvesa and Koole Terminals sign an agreement to build and use a new tank storage terminal in the Port of Rotterdam
15:09 Cargo traffic within Azov-Don Basin of Russia’s IWWs grew by 7.6% in 2020
14:11 CMA CGM announces FAK rates from North Europe to Kenya and Tanzania
13:45 Nefteflot lays down third cruise ship of Project PV20S
13:13 The Finnish Financial Supervisory Authority approves the merger prospectus concerning the combination of Cargotec nd Konecranes
12:24 Kapitan Metsayk icebreaker arrives at Azov seaport
12:01 Austal Australia launches first of two cape class patrol boats for Trinidad and Tobago Coast Guard
11:40 Klaipėdos Nafta joins Lithuanian hydrogen platform
11:19 Bunker prices started decreasing at the Port of Saint-Petersburg, Russia (graph)
11:18 Odfjell SE agrees to acquire Lindsay Goldberg’s stake in Korea terminal
11:09 CMA CGM announces THC for import / export Finland, Sweden, Spain, Italy, Belfast (UK)
10:55 MABUX: Bunker market this morning, Dec.04
10:49 Port of Long Beach prioritizes dual transactions
10:37 NSR cargo traffic grew by 4.2% in 11M’2020
10:00 Online discussion of China’s inland shipping experience to continue on December 9 at joint PortNews/MEB webinar
09:26 Oil prices rise following OPEC+ meeting
09:14 Baltic Dry Index as of December 3

2020 December 3

18:31 ABS, Hyundai Heavy Industries Group and the Marshall Islands Registry JDP creates coating needing just one application
18:11 Lotos shipyard lays down two more dredgers of Project 93.159
18:03 Torqeedo powers Thailands first electric passenger ferry fleet
17:28 Krasnoye Sormovo shipyard delivers dry cargo carrier Alfa Mercury
17:06 Wärtsilä signs 5-year agreement with LMM for the main engines for two VLGCs
17:02 Bunker Weekly Outlook, Dec 03, 2020
16:50 The 1st Hackathon dedicated to innovation in the port sector in Morocco launches from December 18 to January 29
16:37 Timber and forestry products account for 24% of Riga port’s total turnover
16:05 Cargotec’s Board of Directors has decided to initiate a sales process for Navis software business
15:59 Rosatom to establish Marine Operations Headquarters for NSR
15:34 Port of Antwerp tightens regulations regarding byloads inside second-hand vehicles
15:22 Operation of unmanned navigation test basin on Neva river to continue next season
15:04 Maersk Tankers adds four Xihe-owned tankers to its pools
14:24 Equinor and SINTEF enter into a strategic collaboration agreement
14:02 Investment reaps rewards for Pilbara’s ports
13:40 Bunker market sees mixed price movements in the Far East ports of Russia (graph)
13:02 Trafigura becomes a major investor in green hydrogen with H2 Energy
12:34 RF Government drafted decree on providing state support to construction of large-capacity ships
12:01 Busiest month for Port of King’s Lynn in five years
11:55 The study by HTC identifies almost 30 measures that can lead to a reduction in CO2 emissions in the Port of Hamburg
11:29 AS Tallink Grupp published its tatistics for November 2020
11:00 BW LPG enters into agreements to sell two vessels
10:35 Ships of RF Navy's Pacific Fleet completed their visit to Sri Lanka
10:10 Rosmorport takes delivery of self-propelled hopper barge Morskaya
10:02 Soren Toft arrives at MSC as Chief Executive Officer
09:48 MABUX: Bunker market this morning, Dec.03
09:29 Oil prices are slightly down
09:16 Baltic Dry Index as of December 2

2020 December 2

18:37 Rolls-Royce acquires leading supplier of ship control systems Servowatch
18:05 Aker and MAN sign agreement to develop energy-efficient compression solutions for carbon capture and storage applications with heat recovery
17:53 Cargo traffic within Azov-Don Basin of Russia’s IWWs grew by 7% in 11M’20
17:20 Fincantieri finalizes new generation of thrusters
17:15 Hapag-Lloyd announces rates from East Asia (incl. Japan) to North Europe and Mediterranean
16:56 ESPO welcomes European Parliament’s own-initiative report on revision of TEN-T guidelines
16:35 ECSA applauds UN resolution on seafarers as key workers and supports IMO call for priority vaccination
16:20 RF Navy’s corvette "Boyky" passes the Baltic straits
16:04 Floating wind power to grow 2000-fold by 2050 but more comprehensive standards and risk management required - DNV GL