• 2018 September 19 15:47

    Freeport of Riga Authority begins active cooperation with its Chinese partners

    In terms of diversification of cargo and points of origin, cooperation between the Freeport of Riga Authority and partners from China is becoming increasingly active. According to FRA, the Chinese cargo market, potential transportation routes through the Port of Riga and attracting Chinese investment have been the focus of the Freeport of Riga Authority for a long time. Cooperation has now become even more active and partners from China are showing a strong interest in the Port of Riga.  

    At the beginning of last week, representatives of the holding company China Merchants Group (CMG) visited the Freeport of Riga Authority. CMG is an investor and terminal operator of international importance, which owns 30 ports in 16 countries. One of the current projects of CMG is the construction and development of the Great Stone — an industrial park and logistics center in Belarus, near Minsk. High-quality and effective logistics play an important role in reaching the goals of Chinese businessmen to turn the Great Stone into a profitable Chinese distribution center. As Belarus has no sea ports of its own, the most cost effective route is being sought for cargo transportation to the ports of Lithuania and Latvia. 

    “It is very important that at this early stage we have begun cooperation on this project with partners from China and Belarus. When the Great Stone is complete and ready for work, logistic routes will already have been established and our involvement would be too late. Therefore, we must look at the current activities from a future perspective,” Deputy CEO of the Freeport of Riga Authority for Legal and Administrative Matters Mārtiņš Ziemanis is convinced. 

    During the visit of CMG representatives, a strategic partnership agreement was signed between the Freeport of Riga Authority and CMG which involves collaboration in several areas, including cargo transit and implementation of joint investment projects. “The fact that the initiative to visit the Freeport of Riga and sign the partnership agreement this time came from the Chinese partners gives a positive outlook for future collaboration with CMG,” Ziemanis concludes.

    Since the beginning of this year, the transport sector of Latvia has been actively communicating and seeking cooperation opportunities with the Geely Group, an automotive manufacturing company in China. This international giant of the automotive industry manufactures and sells brands such as Geely Auto, Lotus, Lynk & Co, Proton, Volvo, London EV Company and Yuan Cheng. The Chinese group owns such well known European automobile manufacturers as Volvo Cars, the British taxi manufacturer The London Electric Vehicle Company, and the British sports car brand Lotus Cars.

    In order to service Russia and CIS markets, the Geely Group has opened an automobile factory in Belarus, where effective logistical solutions are required to receive components from China and further distribute the final production. Hence representatives of the Freeport of Riga, together with representatives of Latvijas Dzelceļš, the Port of Riga and the Ministry of Transport last week visited China to meet with the management of Geely Group and present a detailed offer for collaboration. 

     “Currently, the container flow to the Geely factory in Belarus is 140 containers per week, which in the future may increase up to 200 containers per week. The Port of Riga and other transport sector players aimed to present the management of Geely Group a unified container transit offer through the Port of Riga and convince the management of the Chinese company about the advantages our transport corridor brings compared with the transportation route through Klaipeda. This may be called a short-term or sprint project. The second is a marathon type of project, which may be achieved in the long run.  At the moment Geely Group mainly sells its cars in China, Belarus and CIS markets, and the next logical step for the company’s development would be entry into European markets. Therefore, we propose that the Geely Group find growth in the territory of the Port of Riga by creating a distribution center and also a future production center,” Ziemanis shared the aims of the visit.




2018 December 17

15:54 Yamal LNG will build one more natural gas liquefaction facility
15:27 Nor-Shipping and Nordic Innovation team up for “Sea Meets Land” funding initiative
15:17 PETRONAS releases Annual Activity Outlook report for 2019-2021
14:56 NOVATEK elects a new member to the Management Board
14:37 Average wholesale prices for М-100 HFO down to RUB 15,328 in RF spot market
14:13 Damen’s triple delivery for Murjan Al Sharq Marine Contracting
13:41 Pacific Fleet and Indian Navy warships practice inspection operation as part of Indra Navy 2018 Russian-Indian naval exercise
13:19 Queen Máxima christens Van Oord's TSHD Vox Amalia
12:58 9 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on December 16-17
12:36 Samsung Heavy Industries secures yet another contract for an LNGC
12:23 Saab secures shipping safety contract for Shangai container port
12:00 Composit supports the 6th Forum of Dredging Companies as its Sponsor
11:42 Milaha unveils large plans to upgrade its shipyard in Mesaieed
11:01 IBIA welcomes decision by IMO’s MSC to add new item to its agenda to address concerns about fuel safety
10:43 SENER to design passenger vessel for Tanzanian ferry operator
10:17 Brent Crude futures price down 0.02% to $60.27, Light Sweet Crude – up 0.21% to $51.58
09:58 Port of Singapore throughput in 11M’18 grew by 0.4% Y-o-Y to 575.44 million tonnes
09:40 Floating regasification plant “Marshal Vasilevsky” arrives in Kaliningrad
09:15 Baltic Dry Index is up to 1,401 points

2018 December 16

16:09 Navios Acquisition completes acquisition of Navios Midstream
15:23 Thun Tankers names environmentally adapted tanker Thun Evolve
13:21 Traxens trials IoT network in port environment for first time, at MSC Terminal Valencia
12:32 Executives must watch both sea and air amid trade war tensions, warns Xeneta
10:55 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
10:11 PGNiG receives third spot delivery of US-sourced LNG at Świnoujście

2018 December 15

16:23 MOL Passenger Line receives award for outstanding performance in 'Cruise of the Year 2018'
14:53 CMA CGM to implement GRR for India East Coast-West Africa trade
13:51 CMA CGM announces LSS on services from / to China, Hong Kong and Taiwan
12:44 NYK Cruises receives Grand Prix Award for 2018 World Cruise
11:27 TT-Line places order for RoPax "green" ferry with China's Jiangsu Jinling Shipyard

2018 December 14

18:17 Hapag-Lloyd to increase rates from East Asia to Mexico, Central America, West Coast of South America, Caribbean & Panama
17:48 Petersburg Oil Terminal puts into operation its emergency response team
17:33 Vinalines to open container shipping centre next week
17:30 Fairway adjustment will simplify Elbe traffic control already next year
17:27 Final cruise ship for the year calls to the Port of Gothenburg
17:23 The MV Magda joins the Klaveness Bulkhandling pool
17:16 India’s containerised export up 10% in the third quarter of 2018
17:13 FSL Trust announces newbuilding agreement for the construction of two LR2 product tankers
17:13 Havyard project with Havila Kystruten on hydrogen-powered coastal route operations to receive over NOK 100 million in funding from Pilot-E
16:24 World Fuel Services expands bunker operations in US leading up to 2020
15:57 IMO held training workshops in Cameroon Single Window for Foreign Trade Transactions
14:49 Onezhsky Shipyard lays down self-propelled hopper barge of Project HB600
14:08 Irish Continental Group plc takes delivery of cruise ferry W.B.Yeats
13:55 WMU takes part in Ocean Literacy Conference
13:31 First in industry ADNOC co-loads LPG and propylene onto same vessel in Ruwais
13:10 WMU hosted round table discussion regarding key challenges facing IMO
12:53 Bunker market at the Port of Saint-Petersburg, Russia shows mixed price movements (graph)
12:32 Nordic American Offshore secures contract for its PSV NAO Viking
12:11 Rosrybolovstvo supports 2nd Dredging and Hydraulic Engineering Structures Congress
11:50 Association of Commercial Sea Ports celebrates its 30th anniversary
11:24 Gazprom and Itochu sign MoU under Baltic LNG project
11:06 Scorpio Bulkers announces time charter-out agreement
10:48 Domestic ferry safety exercise conducted in Indonesia
10:25 IMO holds training for managing insecurity in west Indian Ocean and Gulf of Aden
10:06 EC adds six new yards to its ‘European List of ship recycling facilities’
09:47 Brent Crude futures price down 0.61% to $61.05, Light Sweet Crude – down 0.4% to $52.37
09:25 GTT notified by HSHI for the tank design of two new LNG carriers for CMM
09:18 Baltic Dry Index is up to 1,365 points
08:06 Fincantieri publishes its Sustainability Plan 2018-2022
07:14 Port of Long Beach cargo volume up to 621,835 TEU in November 2018