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Riga port cargo turnover data show positive trends in the container cargo turnover

During 8 months of the current year 23.9 million tons of cargo were handled via Riga port, which is by 10.8% less than in the corresponding period of 2015. According to the cargo turnover analysis the volume of bulk cargo at the port has stabilized, liquid cargo handling continues to decrease, the general cargo turnover is increasing. In August 2016, for the first time in recent years, the general cargo volume, transshipped via the Freeport, exceeds the liquid cargo turnover. An increase of general cargo segment can be attributed to the growing indicator of container handling. 248.4 thousand TEU of containerized cargo were handled in the first half of the 2016 at the port, which is by 4.7% more than in the corresponding period of 2015. 339 thousand TEU - the volume of containers handled in August - is the largest monthly result in the last five months. According to the Freeport of Riga Authority the container turnover increase is a very positive trend, due to the fact that the containerized cargo provides a higher added value for logistics industry, reducing the imbalance between inbound and outbound cargo at the port, as well as reducing the port's dependence on Russian transit cargo. Besides, the container transshipment is ecologically cleanest type of cargo-handling and it is very effective because the container is adapted for transportation by all modes of transport (by ship, rail, and road) and is easily moved from one mode of transport to another. That is why more and more goods are transported in containers globally and the Freeport of Riga follows this trend.

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Cooperation issues related to Eurasian logistics supply chain were discussed with the Duisburg Port CEO

On   September 7 the Duisburg Port President and CEO Mr. Erich Staake visited the Freeport of Riga. The Duisburg port representative met with the Freeport of Riga Deputy CEO - Marketing Director Mr.Edgars Suna and was introduced to the Freeport operation, sailing through the Riga port water area. The Duisburg Port is the world's largest inland port, which in recent years has developed into a leading logistics hub of the  Central Europe. Mr.Eric Staake came to Latvia with the aim to meet with the representatives of the Ministry of Transport, JSC Latvijas Dzelscels (Latvian Railway) and the Freeport of Riga and discuss issues related to cooperation of Latvian parties with Duisburg port in the framework of Eurasian supply chain.

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KPMG Baltics will audit the Freeport of Riga Authority

On August 31, 2016, the Freeport of Riga Board has decided to employ an independent international company KPMG to audit the Freeport of Riga Authority financial statements and consolidated financial statements and prepare the auditor's report. The contract on auditing financial statements will be signed for the next three years.

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July - the largest cruise passenger numbers over the last decade

July was a particularly successful month for passenger transportation segment - especially in regards of servicing cruise ships. 21 cruise ships called the Port of Riga in July, bringing to Riga 27.9 thousand passengers - it is the largest number of cruise tourists per month over the last ten years. Thus the total number of cruise passengers this year reached 43.4 thousand, and it is by 7.6%, or by 3,100 more passengers than during the last year's reporting period. The Freeport of Riga Board Chairman Mr. Andris Ameriks says: “Every cruise ship’s call at the port of Riga is welcome not only as beneficial for the port, but also as a contribution to the city of Riga. Cruise passengers have money, and going ashore they not only visit tourist attractions, but are also shopping and having meals in restaurants and cafes of Riga.” Performance of Tallink ferry line is quite successful – during the reporting period it carried 289.6 thousand passengers, i.e. by 7.4% ​​or by 19.9 ​​ thousands of passengers more.

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The Freeport of Riga Authority has implemented all the State Audit Office recommendations on the Krievu Sala project

The Freeport of Riga Authority has implemented all of five recommendations of the State Audit Office in regards of the project “The Krievu Sala Infrastructure Development for Relocation of the Port Operation from the City Center” by improving project process management and control, as well as by developing and improving project management and monitoring tools. Approval is planned during the next Freeport of Riga Board meeting. With the aim to implement the said recommendations in compliance with the State Audit Office opinion, during the stage of preparation of the necessary paperwork for implementation of the recommendations the Freeport of Riga Authority was guided by the findings of legal and operational audit of the Freeport of Riga Authority, carried out by the international auditor Deloitte, as well as by its recommendations regarding the project management improvement in the subsequent phase of the project. Today information on the implementation of the recommendations has been sent to the State Audit Office.

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The Freeport of Riga: The State Audit Office approach assessing Krievu Sala project is short-sighted and bureaucratic

The State Audit Office in the preparation of a report on implementation of the project “The Krievu Sala Infrastructure Development for Relocation of the Port Operation from the City Center” has demonstrated absolutely formal approach, without taking into consideration the port’s and stevedores’ work specifics. One of the critical remarks, expressed by the Auditor General Mrs.Elita Krumina in response to the statement, distributed by the Freeport yesterday, stating that the FPR does not see and does not acknowledge any violations in implementation of the Krievu Sala project, is that the Freeport has inefficiently utilized resources by transferring the “open warehouse” from the project territory to the equivalent area on Krievu Island.

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Chinese businessmen visited the Freeport of Riga

June 8 the Riga port was visited by a delegation from the People's Republic of China, representing  Hainan Airlines Company Limited. The company representatives had come to Latvia to get acquainted with investment opportunities and expressed a wish to visit the port of Riga in order to explore opportunities for cooperation. Chinese businessmen met with the Freeport of Riga CEO Mr. Leonids Loginovs and enjoyed a boat tour around the Riga port water area. In the framework of the boat trip the guests were introduced to the Riga port investment projects and opportunities for cooperation with the Riga port companies.

The Freeport of Riga Authority sees no violations in implementation of the Krievu Sala project

The Freeport of Riga Authority does not agree with critical remarks, provided by the State Audit Office Report, and therefore sees no basis for opening the criminal proceedings in regards of the alleged criminal offense in the framework of the project “The Krievu Sala Infrastructure Development for Relocation of the Port Operation from the City Center” implementation. The Freeport of Riga has appealed the State Audit Office report and the Supreme Court has decided to rule on the merits, which is the first case in Latvia.

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The Freeport of Riga Authority participates in the “Green Cruise Port” project

As one of the most active European cruise ports, the Freeport of Riga has been involved in the project “Green Cruise Port - Sustainable Development of Cruise Port Locations”. The project is financed by the European Regional Development Fund and aims to foster cooperation between cruise ports with the aim to address the issues at stake, as well as to promote sustainability of all the ports involved in the project and their qualitative development. On June 6 and 7 the project Steering Committee meeting took place in Bergen (Norway), where the Freeport of Riga Authority was represented by Marketing Department cruise traffic expert Ms.Laura Apoga.

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The first exclusive yacht, manufactured by “Latitude Yachts”, leaves the port of Riga

On June 14 one of the two exclusive trimaran yachts, built by the company “Latitude Yachts”, left the port of Riga.  This yacht is the first one that was entirely built by the company “Latitude Yachts”. The company's exclusive boats are built in Sarkandaugava, on the territory of the Freeport of Riga, where the main production facilities of the company are located. Fifty-three-meter yachts are the longest yachts of its kind in the world and several innovative technological solutions, which are used only by the company “Latitude Yachts”, have been used in the framework of the manufacturing process.

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The first portal crane arrives at Krievu Island

On May 31, the first port crane was delivered to a new port area on  ​​Krievu Island. The crane was relocated from its current territory on Andrejsala area to Krievu island berth by the company “STREK”. The company is one of the Riga port stevedores, that have to relocate its coal handling operations to the new port area on  ​​Krievu Island by December 2018.

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The first half of the year results at the Freeport of Riga – Russian energy resources’ transit decreased, other cargo volume increased

In the first half-year of 2016 18.3 million tons of cargo were handled at the port, which is by 11.5% less than during the corresponding period of 2015. In the context of low demand for Russian energy resources in the European markets coal and oil product transit flow through the Riga port has decreased within this period, and volume of those products’ transshipment decreased by 19%. By contrast, the total volume of other cargo increased by 2.3% compared to the first half of 2015. This is a positive trend, as there is a decrease in energy resources share in the total cargo volume of the port. If during last year's six months the volume of handled coal and oil products accounted for 64% of the total port cargo turnover, then currently their share has dropped to 59%. Thus the Riga Port’s dependence on Russian transit cargoes has decreased.

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The Freeport of Riga Authority in Novosibirsk presents opportunities for cargo transshipment via the port of Riga

On May 24 – 26 the Ambassador of the Republic of Latvia to Russian Federation Astra Kurme visited Novosibirsk (Russia). In the framework of the Ambassador’s visit Investment and Development Agency of Latvia (LIAA) organized various events for Latvian businessmen, including participation in exhibition and Forum “TransSiberia 2016” for Latvian transport sector companies. The port of Riga was represented in Novosibirsk by the Freeport of Riga Deputy CEO, Marketing Director Edgars Suna, as well as by the representatives of the company SIA “Systems Terminal”.

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The Freeport of Riga attracts foreign diplomats

On June 9 the foreign ambassadors, accredited in the Republic of Latvia, visited the Freeport of Riga. Every year in early summer the Chairman of the Riga City Council offers the foreign diplomats to visit some development object, that  is important to our city and that our city can be proud of. This year, the ambassadors were invited to the boat trip around the Freeport of Riga water area, during which the Freeport of Riga Deputy CEO- Marketing Director Mr.Edgars Suna told the guests about the Freeport development, new projects, port companies and future plans.

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German and Latvian ports are facing the same challenges

On May 19 the German-Latvian Maritime Forum took place at the Culture Palace Ziemelblazma. Riga, Ventspils, Liepaja, Hamburg, Lübeck and Kiel ports’ representatives discussed new challenges for the industry, collaboration capacity and experience in addressing the issues. The forum was also attended by the representatives of Latvian Ministry of Transport, the German-Baltic Chamber of Commerce and logistics business entities from both countries. Forum participants unanimously recognized that changes in the global freight flows, the increasing integration of different modes of transport and public action aimed at the environment protection creates similar challenges for all European ports. Therefore, it is important to exchange experiences and jointly seek solutions to current problems.

Read more: German and Latvian ports are facing the same challenges