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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. 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.

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Coal handling has begun at both Krievu Island terminals

To free the centre of Riga from coal cargo and transfer the handling of coal to the new terminals equipped with modern technologies on Krievu Island, in 2012 the Freeport of Riga Authority launched the Development of Infrastructure on Krievu Island for the Transfer of Port Activities from the City Centre project. This February, with the fist coal carriers moored and loaded, both Krievu Island terminals SIA STREK and SIA Riga Coal Terminal started their work. This means that the largest investment project in the history of the Port of Riga is nearing its completion. 

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Roadmap for sustainable cruise port development worked out

The Green Cruise Port – Sustainable Development of Cruise Port Locations project has been completed along with the action plan and recommendations for the Baltic Sea cruise ports. The project was financed from the European Regional Development Fund and its purpose was to unite the Baltic Sea cruise ports to enable solving current problems with joined forces and to support sustainable and quality development of all ports involved in the project. By joining the project, the Freeport of Riga Authority received an opportunity to study the aspects that are the most important for cruise development at the Port of Riga, exchange information and gain experience from other Baltic Sea cruise ports.

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SIA Extron Baltic receives award for rapid growth in the Port of Riga

Every year, the Freeport of Riga Authority evaluates the performance of the port companies in the previous year and gives awards to the best in several nominations. The 2018 Freeport of Riga award in the Most Rapid Growth nomination was presented to SIA Extron Baltic, which has grown from a very small stevedore operator into a major player in the Port and is closing in on the top 10 cargo terminals in the Port. In 2018, the amount of cargo passed through the terminal exceeded the threshold of half a million tons. Moreover, the company’s growth has been steady since 2010. During that time, the company has become the largest handler of general cargo.  

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New Freeport of Riga Development Programme Provides for Expanded Port Operations

At the end of last year, the Board of the Freeport of Riga approved a new port development programme for the upcoming decade, which was presented to representatives of media and involved parties last week. The Development Programme 2019-2028 provides for significantly expanded operations at the Port of Riga, facilitating industrialisation and the entry of new companies into the territory of the Freeport of Riga. Likewise, the new Development Programme places greater focus on the development of passenger transport, while simultaneously maintaining strategic areas of operation: attracting new cargo, cargo diversification, development of port infrastructure and improvement of the port administration model.

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Freeport of Riga opens renovated piers

In a ceremony at the beginning of the year, two piers ZO-1 and ZO-2 were commissioned after the redevelopment, which took almost two years. 

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Krievu Island Terminal Put into Operation

The second stage of the construction work at the Krievu Island Terminal is complete and fully operational, and the terminal is ready to start cargo servicing operations as planned. Construction of all additional infrastructure undertaken by the Freeport of Riga Authority in the territory of the stevedoring companies Strek SIA and Riga Coal Terminal SIA is 100% complete.

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Year 2018 brought the Freeport of Riga records in multiple cargo groups

Transport and logistics industry forms one fifth of Latvian economy and largely relies on the railway and three major ports. Last week, major players in the industry informed the public of their results in the last year and plans for this year. 

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Second Stage of Construction Work at Krievu Island Terminal is Approaching the Finish Line

The second stage of construction work at the Krievu Island Terminal is almost complete. Work progress was confirmed by the Freeport of Riga board members during an on-site visit earlier today. Construction of all additional infrastructure performed by the Freeport of Riga Authority in the territory of the Strek SIA stevedoring company is 100% complete and constructions have been put into service. Construction work in the territory of the other stevedoring company, Riga Coal Terminal SIA, is also done and the object is put into service. Harmonising of the executive documentation is also in progress, which will be finalised in the second half of December.

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Cooperation with Belarusian forest industry will allow the Port of Riga to continue increasing its timber cargo volumes

Last week representatives of the Belarusian Ministry of Forestry visited the Port of Riga to discuss export of Belarusian timber.  The guests agreed that the cooperation has an impressive potential and that there are many opportunities to boost timber transit and seek different types of cooperation. In addition, the Belarusian party presented a detailed proposal of the cooperation model. For the Port of Riga it means an opportunity to continue increasing its timber cargo volumes. 

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The Growth of the Freeport of Riga Will Be Based on Implementation of Socially Responsible Policies, Sustainable Use of Resources and Care for the Environment

Work by the Freeport of Riga Authority on the port development programme for the upcoming decade has reached its final stage. The “Freeport of Riga Development Programme for 2019-2028” is a comprehensive document which will outline trends for the development of the Port of Riga in the next ten years — from the development of infrastructure objects and new logistics roads to sustainable environmental and social responsibility policies.

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Free Zone Status is a Crucial Advantage for the Future Development of the Freeport of Riga

One of the crucial features of the investment climate at the Freeport of Riga is an opportunity for merchants to operate under the Free Economic Zone Regime. The new Freeport of Riga Development Programme 2019-2028 provides for active promotion of the advantages ensured by the free economic zone in order to use the port territory more effectively and attract new development projects to vacant port territories.

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Rapid increase in the timber volume handled by the Port of Riga

This year the Port of Riga has experienced a significant increase of timber cargo, which has become the second largest group of cargo in terms of volume. During the first ten months of this year the port has handled a total of 4.4 million tonnes of various types of timber cargo, one third more than in the previous year.

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Port of Riga Sets Goal: Number of Cruise Ships and Their Passengers Must Be Doubled

Over almost half a century, the cruise industry has experienced dynamic growth, initially driven by the demand for cruise travels in North America and the recent demand in Europe and rest of the world, especially China and Australia. The demand for cruise ships in regions of the world has increased from 23.34 million passengers in 2014 to 26.76 million passengers in 2017. Market trends suggest that the number of cruise passengers world-wide may increase by another third by 2030, revealing more and more new tourist routes and market niches.

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Production Development in the Port Will Make a Significant Contribution to the National Economy

Along with changes in global transport flows and the economic situation of our region, the Port of Riga is changing as well in order to maintain its cargo turnover and successfully compete with other ports of the region. One way of ensuring jobs, earnings and a stable cargo turnover is to promote production and increase the share of production-related cargoes in the port.

Read more: Production Development in the Port Will Make a Significant Contribution to the National Economy