• 2021 January 14 13:40

    Port of Riga saw cargo structure changes in 2020

    According to the Port of Riga, the year 2020 was an important turning point for it in terms of cargo structure changes - the volume of cargo of local origin as well as with higher added value has significantly increased, and currently accounts for 57% of the total port cargo turnover.

    “Despite the impact of the Covid-19 pandemic on the transportation industry and the decline in Russian energy cargo, in 2020 the Freeport of Riga has been able to maintain its financial stability, invest in port infrastructure and continue implementation of development projects,” said Mr. Ansis Zeltins, the Freeport of Riga CEO.

    Although last year 23.7 million tons of cargo were handled at Riga port, which is by 9.1 million tons less than in 2019, almost the entire volume decrease of 8.8 million tons is related to fossil segment cargo - i.e. coal and oil products. Cargo groups - grain, timber and containerized cargo, which were previously defined in the port development plans as the top priorities, have maintained stable growth trends by the end of the year.

    “The Russian cargo crisis has given a significant impetus to the business environment of the Port of Riga fostering further development aimed at cargo diversification and quality. The port companies continue to actively invest in cargo handling technologies, additional warehouse capacity and IT solutions. The share of cargo of Latvian origin in the port's cargo structure has increased both in percentage and in absolute terms, which proves the potential of the Latvian export market. In general, despite the fierce competition between the actors, the Riga port companies’ operation in 2020 has become more efficient, “smarter” and definitely more sustainable,” added the Freeport of Riga CEO.

    In 2020, Latvian grain growers more frequently used the Port of Riga to export their products. This trend has facilitated a new highest achievement for grain product cargo - in total, almost 3 million tons of grain products were handled at the Port of Riga. Due to its favorable geographical location, investments of port companies in the development of terminals as well as competence in dry bulk cargo handling the Port of Riga is able not only to successfully compete with other market players, but also to pursue its ambitious goal to become a regional leader in grain handling.

    Exports of forestry cargo continue to develop steadily, accounting for a quarter of the port's total cargo turnover. Last year, 5.8 million tons of various forestry products and timber were handled at the port of Riga. In addition to timber storage and handling, the Riga port companies are expanding their involvement in timber processing - from drying and impregnation to the production of semi-manufactures for wooden house modules. Such services not only increase the competitiveness of companies operating in the Port of Riga in the forestry cargo segment, but also promote local exports.

    Although the Covid-19 pandemic crisis has had a drastic impact on container shipments around the world in the spring, the volume of containers handled at the terminals of the Port of Riga has been maintained at the 2019 level. In 2020, 453.57 thousand TEUs were handled at the Port of Riga.

    The Port of Riga is the largest port in Latvia, in 2020 more than half (53%) of the total cargo volume of Latvian ports was handled at the Port of Riga.

2021 February 25

11:04 “K”Line commences technical management of Singapore’s first LNG bunkering vessel “FUELNG BELLINA”
10:33 Telemar wins 50-vessel service and maintenance contract with Fairplay Towage group
10:21 MABUX: Bunker market this morning, Feb 25, 2021
10:13 BC Ferries releases its third quarter results
09:59 CMA CGM implements FAK rates from the Mediterranean, Adriatic, North Africa & Black Sea to the Indian Subcontinent
09:50 BC Ferries' fifth battery hybrid-electric vessel launched
09:28 Oil market sees mixed price movements
09:12 Baltic Dry Index as of February 24

2021 February 24

18:06 Parkwind selects DEME Offshore for foundation EPCI contract at Arcadis Ost I
17:47 Ministry of Transport of Dagestan looks into organizing sea cruise tourism in Caspian Sea
17:26 ABS to class first ever Jones Act wind turbine installation vessel
17:16 Yangtze River Protection Law will come into force on 1st March, 2021
16:59 Admiral Kasatonov frigate of RF Navy’s Northern Fleet performs long range campaign tasks in Aegean Sea
16:28 Port of Antwerp deploys autonomous drones for safety enforcement
16:15 DFDS aims for greener ferries from alternative fuel project
15:51 Mordraga supports 4th International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor
15:29 Maersk backs plan to build Europe’s largest green ammonia facility
14:25 Vostochnaya Veft shipyard starts building yet another floating berth for RF Navy’s Pacific Fleet
14:03 Cargill and Maersk Tankers combine volumes and market expertise to launch new bunker procurement service
13:44 Chuvash Republic to be provided with RUB 330 million for purchase of river transport
13:12 Contractors selected to construct the quays in the Amalia Harbour
12:31 Port of Oakland cargo volume off due to crowded ports
12:27 Corvette Stoyky of RF Navy’s Baltic Fleet entered Oman on business call
11:57 Bureau Veritas joins the coalition for the energy of the future
11:23 MPA joins industry in ammonia fuelled tanker JDP
10:31 MABUX: Bunker market this morning, Feb 24, 2021
10:28 ASPO tests main propulsion plant of chemical tanker PortNews
10:09 The Grimaldi Group orders six ro/ro multipurpose vessels
09:27 Crude oil futures go down in response to growth of US resources
09:20 MPA and Yara join to Ammonia-fuelled tanker Joint Development Project
09:11 Baltic Dry Index as of February 23

2021 February 23

19:35 Braemar to repeat record-breaking voyage of Corinth Canal in 2022 with new cruise unveiled by Fred. Olsen Cruise Lines
16:19 Cutter Thetis returns from a 43-day Caribbean Sea patrol
15:11 Meyer Werft starts construction on Arvia for P&O Cruises
14:18 The Coalition for the Energy of the Future unveils its first seven concrete actions and welcomes three new members
13:35 New JOSCAR accreditation: UK office approved for UK defence projects
12:08 MABUX: Bunker market this morning, Feb 23, 2021
11:21 Port of Gdansk lands first delivery of post Brexit fish

2021 February 22

15:12 Hamworthy Pumps wins pump contract for new Royal Navy frigates
13:37 Atlantic Shores announces monumental six-union agreement to train and hire New Jersey union workers
12:24 APM Terminals Algeciras reaches all employees with a safety campaign
11:43 USCG medevacs man from tug boat 60-miles off Grays Harbor
10:37 MABUX: Bunker market this morning, Feb 22, 2021

2021 February 21

14:51 Port of Oakland names Julie Lam CFO
13:22 Guy Cowan takes helm at Port of Brisbane Pty Ltd
12:16 ABP gains international ISO 14001 Environmental Management Certification
11:04 JAX LNG and TOTE Services conduct their first ship-to-ship LNG bunkering of a foreign-flagged vessel at JAXPORT
10:53 Missing yacht found near Whangarei

2021 February 20

18:05 Sevmorzavod shipyard launches starboard pontoon for floating crane of Project ПК-700
16:59 The Panhellenic Crew Union to launch a 48-hour strike at the port of Piraeus in Greece
16:20 Average spot market price for Russian M100 product climbed to RUB 21,600 pmt
15:03 Conrad hosts steel cutting ceremony for GLDD
14:37 Busan Port's chain portal is introduced as a best practice in port digitalization
14:13 Rail subsidiary Metrans to expand network through investment in Hungary
13:48 Government of Finland proposed extension to validity of ships’ crew qualification certificates
13:06 Crowley integrates Jensen Maritime into new Engineering Services Group
12:54 Professor Horst Linde: Container terminal in Świnoujście will fill the gap between Hamburg and Gdansk
12:12 NAVTOR acquires vessel analytics and performance specialist Tres Solutions
11:13 NIBULON launches its sixth non-self-propelled NBL-91 Project vessel
10:49 LNG carrier Christophe de Margerie arrived in Sabetta