• Home
  • News
  • Freeport of Riga Authority to invest almost EUR 1 million in implementation of port digital technology and IT solution projects this year
  • 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 29

13:42 Evolving EU sanctions keep ship owners on alert
12:19 Leaders of Greek shipping join Greece’s leading class to discuss ABS advances in technology, sustainability and the future of classification
11:38 Port of Virginia to implement a dredging project to accommodate two-way traffic of ultra-large container ships
10:27 CMA CGM further develops the environmental projects portfolio included in POSITIVE OFFSET

2022 May 28

16:31 18 students appointed as inaugural batch of MaritimeSG Youth Ambassadors
14:52 Singapore-based ocean carrier Sea Lead inaugurates new service with Virginia as first US East Coast stop
14:07 WinGD introduces compact on-engine emissions solution for X-DF portfolio
12:51 North P&I Club publishes briefing paper detailing the dangers of cargo liquefaction
12:19 TES Wilhelmshaven import terminal included as a “priority project” in the German Government LNG Acceleration law
11:29 SSF to help increase the preparedness of French Navy in collaboration with ECOsubsea and Naval Group
10:53 Northern Marine executes MOU with Provaris as technical partner for GH2 carrier development program

2022 May 27

18:37 First steel cut at Flensburger Schiffbau-Gesellschaft for SeaRoad’s newbuild ro-ro vessel
18:07 Houlder collaborates on autonomous vessel project with Maritime and Coastguard Agency
17:50 IAA PortNews’ summary of previous week news
17:37 Siemens to build one of Europe’s largest shore power connections in Kiel
17:34 Any new investments in fossil fuels is “moral and economic madness” - Ship It Zero
17:29 HII’s Newport News Shipbuilding to hire thousands this year to meet the shipbuilding needs of the Navy
17:16 Russian crude exports remain high - Vortexa
17:06 Member approval of North and Standard Club merger
16:47 China’s top oil trader hires more tankers to ship Russian crude - Bloomberg
16:28 USCG assists 2 aboard disabled sailing vessel off Galveston
14:43 U.S. scrubber barge propelled by SCHOTTEL
14:22 Austal Australia delivers 15th Guardian Class Patrol Boat
13:44 The Port of Tallinn and the Port of Gdynia sign a letter of intent on cooperation in the field of hydrogen management
13:02 U.S. and French Navy ships to visit Helsinki
12:40 Special Economic Zone ‘Ust-Luga’ established in the Leningrad Region
12:12 Three Saudi ports hit world records on CPPI 2021
11:35 Kostroma Plant of Marine Equipment delivers survey ship of Project 3330
11:12 Shipbuilding, Ship Repair Corporation launches yet another non-self-propelled dredger of Project 4395
10:24 Enauta’s FPSO Atlanta to be operated to ABS Class
10:07 Arkhangelsk based Association “Sozvezdye” supports Ship Repair, Modernization and Components Conference
09:38 Transmashholding and Sinara can design an engine for large ships – Yury Borisov
09:11 Crude oil futures decrease after a recent growth
08:52 MABUX: Bunker prices may continue to rise on May 27

2022 May 26

18:06 Russian Maritime Register of Shipping introduces ship’s carbon intensity calculation tool
17:54 Port Bronka continues talks with Belarussian companies on shipment of cargoes
17:29 Construction of new container ship for North-South transport corridor to take 14 months – USC President
17:06 Boskalis receives approval for sale KST and Maju to Rimorchiatori Mediterrane
16:48 Russian Maritime Register of Shipping develops alternative fuels requirements
16:18 Trade turnover between Saint-Petersburg and LAC can double to $5 billion amid EU sanctions
16:05 Antwerp to host The Tall Ships Races 2022 from Friday 22 to Monday 25 July
15:26 Vympel Shipyard launches Hydrographic Survey Vessel Yakov Lapushkin, Project 19910
15:04 Ardmore Shipping joins the All Aboard Alliance
15:00 Petronas LNG receives a new W-MAX Class LNG carrier
14:52 Second exchange area of the Vado Gateway Container Terminal now operational
14:03 ABP signs new concrete and aggregate partnership
13:55 Alexeev’s Hydrofoil Design Bureau laid down the fifth passenger hydrofoil Meteor 120R and launched the second one
13:14 Elogen partners with Valmax in Korea for the production of green hydrogen
13:12 Cherepovets shipyard launches its first vessel
12:31 NYK and PowerX form capital and business alliance
12:10 LR and partners unveil 'Silk Alliance' green corridor project
12:04 Nuclear-powered containership “Sevmorput” delivered 2,200 tonnes of cargo to Murmansk
11:35 Crowley inaugurates LNG facility in Peñuelas, Puerto Rico
10:23 Milaha announces resignation of President and CEO
10:09 Another batch of commercial cargo delivered from Novorossiysk to Tartus by Oboronlogistics' Sparta II
09:56 Palantir and Trafigura announce collaboration to deliver supply chain carbon emissions platform to market
09:17 Crude oil futures continue rising on US Department of Energy data
08:55 MABUX: Bunker prices may increase on May 26

2022 May 25

18:15 Maersk Supply Service wins long-term marine services contract in Angola
17:58 The first ship with Ukrainian ore left the port of Swinoujscie