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The Freeport of Riga Authority and the port companies participate in the international exhibition “TransRussia 2017” in Moscow

From April 18 to April 20 the Freeport of Riga Authority (FPRA) together with the port companies took part in the international transport and logistics exhibition “TransRussia 2017” in Moscow. The annual exhibition “   TransRussia” is the largest transport and logistics exhibition in Russia, as well as one of the largest industry forums in all the Eurasian space. The Freeport was represented by the FPRA and the port companies – the Riga Commercial Port, SIA “Rīgas Universālais Termināls”, SIA “Jaunzeltiņi”, SIA “KS Terminal”, SIA “Systems terminal”, SIA “Jaunmīlgrāvja ostas kompānija”, SIA “Vega Stividors” and SIA “Frigo Baltic”. For the fourth year the FPRA has been organizing a joint exhibition stand of Riga port, thereby enhancing the Port of Riga recognition and creating a convenient and attractive environment for the port operators to support their work at the exhibition.

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Big Cleanup - The Freeport of Riga Authority will clean up the areas adjacent to the port, plant hedges at Kundzinsala, establish new homes for birds at Milestibas island

For the Freeport of Riga Authority the Big Cleanup will start tomorrow, on April 20, with planting trees on Kundzinsala, in the territory adjacent to the port. The employees of the Freeport of Riga Authority will continue the activities of the Big Cleanup by taking care of the territories, adjacent to the port. Together with Kundzinsala residents they will create a 270 meters long green hedge of thujas at the 12th line of Kundzinsala, that will visually demarcate Kundzinsala residential area from the port area. The work will start tomorrow at 10.00.

Read more: Big Cleanup - The Freeport of Riga Authority will clean up the areas adjacent to the port, plant...

Open competition to the Freeport of Riga CEO position will be announced this week

Today, the Freeport of Riga Board has approved Regulations of  the Freeport of Riga CEO position candidate selection and evaluation competition, which include both requirements for applicants, evaluation criteria and decision-making procedures. The Freeport of Riga Board ruled that the public competition for the CEO position will be launched this year on April 21 and applicants will be able to submit their applications until May 22.

Read more: Open competition to the Freeport of Riga CEO position will be announced this week

In the first quarter of the current year, the handled cargo volume at the port of Riga increased by 2.1%

The Freeport of Riga finished the first quarter of 2017 with a positive balance - cargo volume increased by 2.1% compared to the last year. The month of March was also successful - the handled cargo volume was by 7.9% more than in March 2016. The increase is mainly attributed to the positive performance of coal, container and timber segments.

More detailed information on the Freeport of Riga cargo turnover is available at: http://rop.lv/en/about-port/statistics.html

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The Freeport of Riga Authority announces innovation competition for students

The Freeport of Riga Authority announces innovation competition for students “The Port for the City”, the main objective of the said competition is to promote solutions, that are appropriate for the modern technology age,  in the  Freeport of Riga (FPR) economic activities, including attraction of new cooperation partners from Asian countries.

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The State Audit Office: The Freeport of Riga Authority has implemented all recommendations, provided by the State Audit office in the framework of legality audit “The Freeport of Riga Authority’s operational compliance with legal requirements”

On March 28, 2017, the Freeport of Riga Authority has received the letter of the State Audit Office Fifth Audit Department, which states that the State Audit Office has evaluated explanations and information, provided by the Freeport of Riga Authority, and indicates that the Freeport of Riga Authority has implemented all recommendations, provided in the framework of the State Audit Office’s legality audit “The Freeport of Riga Authority’s  operational compliance with legal requirements” and therefore the State Audit Office audit of the legality of the Freeport of Riga Authority’s operation is  considered to be completed.

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The Freeport of Riga Authority in 2016 Improved Financial Performance

According to the preliminary financial data in 2016 the Freeport of Riga revenues exceeded expenditures by 13 million EUR. The said amount is by 1 million EUR  more than operational performance indicators of 2015. The FPRA’s  excess of revenues over expenses is invested into maintenance of the Riga port infrastructure.

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Introduction of new technologies enhances competitiveness of Riga port companies in the segment of containerized cargo

According to the 2016 cargo turnover results the last year has been particularly successful for the port of Riga in the area of container transshipment. Last year, 385.9 thousand TEU of containers were transshipped via the port, which is an increase by 8.6% compared to the previous year.  Due to economic sanctions’ impact there was a dramatic fall in turnover of containerized cargo in  2015 , nevertheless, despite the continuation of sanctions,  last year container cargo turnover at Riga port has been able to grow and almost reached the 2014 level.

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The Port of Riga boasts new cargo handling records in December 2016

In December 2016 a total of 3.7 million tons of cargo was handled at the port terminals and it's been the most successful month of the last year. Compared to November 2016 a monthly amount of handled cargo increased by 27.6%. The rapid growth of cargo turnover at the port might be attributed to the increasing volume of handled coal. Due to high coal price Russian coal exports via Riga port have again significantly increased. In December 1.6 million tons of coal were dispatched from Riga by sea, it was the largest single month coal throughput volume over the port's history.

In 2016 the port of Riga handled 37.1 million tons of various cargo. However, it is by about 3 million tons, or 7.5% less than in 2015, but in general the last year was the third best year in the history of the port. According to the cargo turnover the year of 2016 has been outperformed solely by the years of 2014 and 2015, when a record amount of energy cargo was transported via the port. The decrease of coal and oil product transit flows most significantly affected the overall turnover figures in 2016, because the said cargo still accounts for more than half of the cargo handled at the port. At the same time there are positive facts - the rest of the total volume of cargo increased by 4.6%, thus gradually diversifying and balancing the different types of cargo transshipment via the port of Riga, as well as reducing dependence on Russian transit cargoes.

Detailed statistics on cargo turnover at the Freeport of Riga is here.

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Significant progress in Krievu Sala Project implementation

The Freeport of Riga Board has adopted a number of important decisions in relation to the further progress of the biggest infrastructure project in the history of the port - “The Krievu Sala Infrastructure Development for Relocation of the Port Operation from the City Center”, thus speeding up project objectives attainment and preventing any risk of financial corrections, initiated by the European Commission. The project Action plan has been updated as well as a long-term operation plan, besides, there is an agreement with the stevedores on building the necessary connecting infrastructure and coal dust detection wall on Krievu Island (Krievu Sala).

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“Tallink” ferries resume voyages from Riga to Stockholm on a daily basis

Tomorrow, on December 13, a ferry “Romantika” will resume its voyages from the port of Riga to Stockholm. This is the second ferry of the company “Tallink” on the route Riga - Stockholm, and the line will once again provide daily ferry traffic. Regular ferry voyages are very important for Riga port – they will ensure an increase in both passenger and cargo transshipment.

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The open competition is to be organized to nominate a new Freeport of Riga CEO

The Freeport of Riga Board has adopted a conceptual resolution with the aim to find a new Freeport of Riga CEO by organizing an open competition, stipulating basic criteria for selection of the candidates for the CEO position as well as evaluation principles. The Freeport of Riga Board took a decision to establish the Freeport CEO selection nomination commission by March 1, 2017. It is planned to create the said commission by involving representatives of four ministries (Ministry of Transport, Ministry of Economy, Ministry of Environment and Regional Development, Ministry of Finance), two local government representatives and a representative of the Freeport as well as to call on the government social partners (Employers’ Confederation of Latvia (LDDK), Latvian Chamber of Commerce and Industry (LTRK) and Free Trade Union Confederation of Latvia (LBAS). The Commission's management will be entrusted to the Ministry of Transport delegated representative.

Read more: The open competition is to be organized to nominate a new Freeport of Riga CEO

More than one million tons of coal has been handled at the Freeport of Riga for the third month in a row

Foto: A. Kozlovskis

33.3 million tons of cargo were handled at Riga port during 11 months of the current year. This is by 8.6% less than within the corresponding period of 2015, while total cargo turnover decrease compared to last year continues to decline. November has been successful for the port of Riga in coal segment - 1.1 million tons of coal cargo were handled. For the third consecutive month more than one million tons of coal has been handled at the Freeport of Riga. The main reason for the increase in coal cargo is a significant increase in coal prices in the European markets and increased transit of Russian coal via the port of Riga. The month of November has been successful for the port of Riga in timber handling, especially wood pellets and logs. Total timber (logs, sawn timber, wood chips, wood pellets and other wood materials) handling volume in November increased by 35% compared to the previous month. Within 11 months the total amount of 3.7 million tons of various timber cargo have been handled at the port. Detailed statistics on cargo turnover at the Freeport of Riga here.

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The Port of Riga starts the year with stable cargo turnover indicators

Foto: A. Gronsky

In the first month of the current year the Port of Riga handled 3.20 million tons of various cargo and comparing this result to January of the previous year, when the total cargo turnover of the port was 3.27 million tons, it has remained virtually at the same level. Comparing port monthly turnover figures, it should be noted that January 2016 was one of the most successful months of the last year and, assessing the year in general, cargo turnover in January 2017 exceeded the last year's average monthly rate by 3.7%. These figures demonstrate a stable operation of the port and provide optimism expecting 2017 results. The positive factor is growing number of accommodated vessels at   the beginning of the year. Compared to January of the last year the number of vessels’ calls has increased in January of the current year – it refers to such vessels as passenger ships, container ships, tankers and dry cargo carriers.

Detailed statistics on cargo turnover at the Freeport of Riga is available here.

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The Canadian province of Alberta government is looking for cooperation opportunities in oil and gas product export to Europe

Last week the Canadian province of Alberta government spokesman Mr.Mario KRPAN visited the Port of Riga and met with representatives of the Freeport of Riga Authority (FPRA). The purpose of the visit was to get acquainted with Riga port infrastructure and cooperation options in regards of oil products, liquefied natural gas (LNG) and liquefied petroleum gas (LPG) transportation and storage. M. Krpan is visiting the Baltic and Eastern European countries to explore oil, oil product, LNG and LPG markets in these regions and co-operation options for possible supply of these products to Europe from the province of Alberta in Canada.

Read more: The Canadian province of Alberta government is looking for cooperation opportunities in oil and...