• 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 October 23

18:01 Sea trials of SMK-2187, modular search-and-rescue boat of Project 23370М, completed in Kamchatka
17:29 Stevedoring division of UCL Holding handled 27.2 million tonnes of cargo in 9M’18
17:00 Throughput of Chinese ports grew by 4.3% to 6.92 billion tonnes in 9M’18
16:05 MPC Maritime acquires three Panamax-sized container vessels
15:22 Pirate attack averted off the east coast of Somalia
15:03 WinGD set to increase technical capacity through new Engineering Centre in Shanghai
14:57 KfW IPEX-Bank and Commerzbank finance third expedition ship for Hapag-Lloyd Cruises
14:15 Crowley christens Commitment Class combination container/roll on-roll off ship
13:40 Port of Immingham is home to award-winning rooftop solar array
13:14 Verifavia Shipping signs cooperations with two major global ship managers
12:26 Bunker prices are flat in the Far East ports of Russia (graph)
12:01 OOCL introduces new Asia – West Africa direct services
11:42 RS class: new supertanker successfully performed ship-to-ship LNG bunkering
11:24 DP World reports 3.7% gross like - for - like volume growth in 9m 2018
10:59 Woodside signs cooperation agreement with ENN
10:35 INPEX-operated Ichthys LNG Project commences LNG shipment
09:58 Brent Crude futures price down 0.38% to $79.53, Light Sweet Crude – down 0.27% to $69.17
09:24 IMO approves a programme of actions to deliver the initial strategy on reducing greenhouse gas emissions from ships.
09:17 Baltic Dry Index is up to 1,579 points
07:14 GTT receives a new order from DSME for the tank design of an LNG carrier

2018 October 22

18:33 Rolls-Royce and Sunseeker agree new framework agreement for supply of MTU engines
18:32 OOCL introduces new Mediterranean and West Africa direct service
18:29 Rotterdam expects record 50,000-tonne shipment of pig iron
18:01 Arctic Council meeting of Environment Ministers ends with talks about future cooperation
17:39 IMO's Marine Environment Protection Committee meets
17:16 Glavgosexpertiza approves modernization of onshore facilities in Salekhard
16:22 Humber International Enterprise Park plans reshaped after public feedback
15:34 Nornickel’s Polar Transportation Division carried 2.4 million tonnes of cargo in navigation season 2018
15:10 ESPO congratulates Port of Valencia, Ports of Bremen, Port of Moerdijk and Port of Tangier for renewing Ecoports’ Environmental Standard
14:17 Sovcomflot named a finalist in four different categories of 2018 Lloyd’s List Global Awards
13:55 Onezhsky Shipyard delivered ice-class buoy tender named Fortuna
13:23 Pavilion Energy and BW ink deal for long-term charter of two Singapore-flagged LNG newbuilds
12:58 Average wholesale prices for М-100 HFO down to RUB 21,455 in RF spot market
12:36 LUKOIL BoD recommends interim dividend amount
12:13 Bunker sales at the port of Singapore in 9M’18 down 1.5% Y-o-Y to 37.46 million tonnes
11:51 Power of gender diversity on the agenda at Seatrade Maritime Middle East
11:32 Container throughput of port Hong Kong (China) down 5.6% to 14.69 million TEUs in Jan-Sep’18
11:09 Abu Dhabi Ports collaborates with MSC Mediterranean Shipping Company on international blockchain solution Silsal
10:50 Port of Singapore throughput in 9M’18 grew by 0.9% Y-o-Y to 470.49 million tonnes
10:28 Brent Crude futures price up 0.69% to $80.34, Light Sweet Crude – up 0.68% to $69.76
10:09 NYK PCTC receives special award from the Association for Rescue at Sea
09:47 STLC to obtain additional RUB 5.9 billion of federal subsidies in 2018
09:15 Baltic Dry Index is up to 1,765 points
09:06 ABS awards AIP to HHI’s standardized FPSO topside
08:08 DP World, UAE Region wins Terminal Operator of the Year at Maritime Standards Awards
06:22 ABS awards AIP to HHI’s deepwater FLNG hull

2018 October 21

08:54 20,000 TEU COSCO SHIPPING Sagittarius named in Shanghai
08:50 CFO Paul Smits leaves the Port of Rotterdam Authority
07:52 COSCO SHIPPING starts shipment of Toyota exhibits

2018 October 20

08:47 Boskalis, Van Hattum en Blankevoort and Mobilis construct deep-sea quay for the new HES Hartel Tank Terminal at Maasvlakte
08:10 Navios Partners announce filing of F - 1 for direct listing of Navios Containers
08:06 Maersk Line increases FAK rates for Northern Europe to Middle East and ISC trade
08:04 U.S. Navy contracts Austal to order materials for EPF 13
07:44 EU Commission launches the European Network of U-space Demonstrators

2018 October 19

18:42 ABN AMRO, Samsung SDS and the Port of Rotterdam Authority launch container logistics blockchain pilot
18:07 Stena Line's battery hybrid vessel completes its first month of operation
17:56 ABN AMRO, Samsung SDS and Port of Rotterdam Authority launch container logistics blockchain pilot
17:35 Port of Gdansk participated in the CILF 2018 fair in China
17:11 Gdansk pays a visit to Singapore
16:57 Testbed established for Internet of Ships Open Platform