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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.

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

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.

Read more: The Freeport of Riga Authority in 2016 Improved Financial Performance

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.

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

“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.

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

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.

Read more: More than one million tons of coal has been handled at the Freeport of Riga for the third month...

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...

The Freeport of Riga Authority was represented at the biggest hydrography event HYDRO 2016

Foto: A. Kozlovskis

Last week the Freeport of Riga Sea Channel Service representatives took part in the annual IFHS Hydrographic Conference and Exhibition “HYDRO 2016” in Rostock-Warnemünde. The Freeport of Riga Authority is the member of the International Federation of Hydrographic Societies (IFHS) and regularly participates in HYDRO conferences with the aim to become familiar with the topical issues in the field of hydrography and to ensure the Riga port hydrographic measurements’ compliance with the highest international standards. International conference and hydrographic equipment exhibition in Rostock was attended by over 300 participants from 35 countries, representing all hydrography related areas - ports, national maritime administrations from various countries, hydrographic equipment manufacturers, underwater mining industry and research organizations.

Read more: The Freeport of Riga Authority was represented at the biggest hydrography event HYDRO 2016

The Freeport of Riga is ready for winter and ice navigation

Foto: J. Saliņš

According to the Regulations of the Cabinet of Ministers winter navigation in all Latvian ports begins on the 15th of December and ends on the 15th of April. The decision on ice navigation opening at the Port of Riga and the Gulf of Riga, as well as on the necessity to employ icebreakers is adopted by the Harbour Master of the Riga port, on the basis of operational situation at the port and the bay. According to the Freeport Harbour Master Arturs Brokovskis - Vaivods, sea trial of the SIA “Rīgas brīvostas flote” icebreakers "Varma" and "Foros", operating at the Port of Riga, took place last week. On the basis of the at-sea test results, as well as on information from the Freeport office, the Harbour Master is confident that the Riga Port is fully prepared for winter and ice navigation.

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A record high cargo turnover at the port of Riga in October

Foto: S.Kivrins

October was the most successful month of the  year in regards of cargo turnover at the port of Riga, as well as the most successful October in the port's history. The monthly cargo turnover at the port reached 3.54 million tons, and compared with September it increased by 18%. By contrast, monthly indicators of the last year's October have been exceeded by 7%. The largest contribution to the growth of cargo turnover in October has been provided by a record high volume of coal handled at the port of Riga. Monthly amount of handled coal has reached 1.5 million tons, which is the largest monthly volume of handled coal in the port of Riga history. Coal cargo turnover has increased significantly at all Riga port coal terminals. In October 2016 the largest monthly volume of handled container cargo   - 415.5 thousand tons - was registered, which is the highest monthly figure in the history of the Riga port. Total amount of cargo, transshipped at the port during ten months, has reached 30.4 million tons of different cargo types. Due to excellent October, the overall decline in cargo turnover in comparison with the corresponding period of the last year decreased by 8.8%. Detailed statistics on goods turnover at the Freeport of Riga is available here.

Read more: A record high cargo turnover at the port of Riga in October

The Freeport of Riga Authority participates in Russia's Transport Week events in Moscow

From November 30 to December 2 the Freeport of Riga Authority (FPRA) participated in the transport and logistics exhibition “Transport Week 2016”  in Moscow. The exhibition is one of the main events of the annual Russian Transport Week and this year it is held for the 10th time. The main initiator and organizer of the Transport Week events is the Russian Ministry of Transport, and the aim of the Transport Week is to promote discussion on topical issues of the industry, as well as to enhance understanding between the government and business community representatives. The transport exhibition is annually visited by around 7500 guests, but the total number of Russian Transport Week visitors reaches 9500. For the third year Latvia is being represented at the joint stand by three major Latvian ports and the JSC “Latvian Railway”. Latvian representatives are the only foreign delegation that is invited to participate in the exhibition “Transport Week 2016” with its own stand.

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In the framework of the Summit 16 + 1 the Freeport of Riga Authority welcomes Chinese business delegations

Today and tomorrow the Freeport of Riga Authority (FPRA) is participating in a number of events  organized in the framework of Central and Eastern Europe countries  and China  cooperation format (hereinafter – 16 + 1). Today the port has been visited by Chinese entrepreneurs, who arrived in Riga to participate in the 16 + 1 Business Forum. In the afternoon, Mr.Hu Jianhua, the Vice president of China Merchants Group (CMG) and the accompanying delegation visited the Freeport of Riga. Tomorrow, at the 16 + 1 Business Forum the Freeport will be represented at its own stand, where the FPRA representatives will inform all interested parties about the operation of the port, the investment environment and opportunities for cooperation.

Read more: In the framework of the Summit 16 + 1 the Freeport of Riga Authority welcomes Chinese business...

Riga port company “Riga Universal Terminal” launched an extensive reconstruction of berths

Foto: V. Koziols

The Freeport of Riga company “Rīga Universal Terminal” (RUT) has entered into an agreement with hydro-technical construction company JSC “BMGS” on reconstruction of two berths on the terminal territory. The Freeport of Riga Authority has transferred berths ZO-1 and ZO-2 to RUT for a long-term lease and early this year the Freeport of Riga Board has supported the company's plan to launch reconstruction project. Currently berths’ reconstruction project has been approved by the Riga City Construction Board, it received all necessary approvals and construction work was started. The agreement with the JSC “BMGS” provides for two berths’ extension, dredging of the water area and storm water sewer system outlet construction.

Read more: Riga port company “Riga Universal Terminal” launched an extensive reconstruction of berths

Successful participation of the Freeport of Riga Authority and port companies in China International Logistics and Transportation Fair (CILF)

On October 12-14 the Freeport of Riga Authority took part in the China (Shenzhen) International Logistics and Transportation Fair (CILF), which is regarded as a leading logistics and transport exhibition in Asia. Exhibition success might be attributed to its location - Shenzhen, which being the largest industrial region in Southern China, continues its rapid industrial development. This year the exhibition has been held for the 10th time and over the years it attracted a wide range of loyal participants and visitors as well as gained good international reputation and popularity. The Freeport of Riga Authority took part in the exhibition together with the port company “Riga Container Terminal” Ltd and “TFS Trans” Ltd. The Riga port representatives participated in the exhibition at Latvian common stand together with the representatives of the port of Ventspils and Liepaja SEZ, promoting Latvian transit corridor. The Freeport of Riga is the largest containerized cargo handling hub in Latvia,  therefore containerized cargo attraction in the framework of the program “One Belt, One Road” program and participation in the Forum in China is particularly important for Riga port representatives.

Read more: Successful participation of the Freeport of Riga Authority and port companies in China...

Participation in “TransUzbekistan 2016” provides an opportunity to assess the vast potential for cooperation with Uzbekistan

On November 16 - 18  the most important transport and logistics industry event - the exhibition “TransUzbekistan 2016” took place in Tashkent, Uzbekistan. The   port of Riga was represented by the Freeport of Riga Authority (FPRA) as well as by the port companies - “Riga Universal Terminal” Ltd. and “TFS Trans”Ltd. In the framework of the exhibition the interested parties were informed about the Riga port cargo   transit and investment, and Latvian transit corridor offer was presented at the Latvian national stand together with Ventspils, Liepaja and Mersrags port authorities, SJSC “Latvijas dzelzceļš” and Latvian logistics companies.

Read more: Participation in “TransUzbekistan 2016” provides an opportunity to assess the vast potential for...

In the framework of NATO Transport Group meeting the FPRA shares its NATO cargo transportation experience

On October 11 the representatives of the Freeport of Riga Authority (FPRA) Port Police and Marketing Department briefed the participants of the North Atlantic Treaty Organization (NATO) Transport group offsite meeting about the infrastructure of the Freeport of Riga and the experience of NATO cargo transportation. Annual NATO Transport Group offsite meetings are held in one of the NATO member-states or partner countries to address the military cargo transportation issues. This year's meeting is held in Riga on October 11 - 13 with the participation of NATO member states, as well as of partner countries’ national experts, whose activities are related to the military cargo transportation. Although the Port of Riga has been a reliable partner of NATO in regards of military cargo transshipment since 2009, the meeting in Riga was a great opportunity to once again demonstrate the advantages of the Riga port infrastructure facilities and service quality.

Read more: In the framework of NATO Transport Group meeting the FPRA shares its NATO cargo transportation...