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Decade of growth and development at the Port of Riga

Freeport of Riga record a decade of growth and development

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Decade of growth and development at the Port of Riga
Decade of growth and development at the Port of Riga. Image: Freeport of Riga
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As a new decade approaches, we would like to offer a summary of the most significant last decade’s events at the Port of Riga that contributed to its growth and ability not only to maintain, but also to strengthen its leading position in the Baltic region irrespective of the fierce competition. During this time, the Port Police was established, and its fleet was increased by incorporating several new pilot ships, ice class tugboats and an icebreaker. Furthermore, its shipping channel was deepened and widened allowing to service larger vessels and cruise liners.

We also managed to complete the largest and most important investment and infrastructure development project not only during the last decade, but also in the entire history of the port: construction of terminals at Krievu sala. Thanks to co-financing from the Cohesion Funds, all coal handling operations were transferred from the historic centre of Riga to newly constructed state-of-the-art and environmentally friendly bulk handling terminals at Krievu sala.

During the previous decade, port operators also made significant contribution to the development of infrastructure and overall competitiveness at the Port of Riga. In 2013, a terminal for bulk fertilizers and short-term storage was opened: Riga Fertilizer Terminal. The total value of this project was more than 60 million euro.

Moreover, Riga Bulk Terminal also invested tens of millions of euro in the development of a multi-functional and technologically intensive bulk cargo handling terminal that is believed to be the most advanced not only in the Baltic States, but also in Europe.

In 2017, Kundziņsala based TFS Trans logistics centre made impressive investment of more than 30 million euro in becoming the largest, most advanced and progressive terminal in the Baltic States and the second largest in Eastern Europe.

At the Port of Riga, the previous decade was marked with rapid development of industry: several extremely successful and rapidly developing companies implemented high quality manufacturing projects with impressive production capacities.

This period was very successful for RIKON JSC, a producer of portal cranes, which is one of the few companies that manufacture cranes for Northern ports which are suitable for operation in extremely low temperatures.

These cranes are made of a special grade steel and are fully functional event at temperatures that reach as much as 60 degrees Celsius below zero. Furthermore, a company called Madesta has become one of the largest producers of various types of containers: during the past year their production volume reached 25 thousand tons. At the Port of Riga, it manufactures large metal structures for oil, gas and bulk goods storage tanks and silos.

In 2014 and 2015, the Port of Riga had a record high cargo turnover: more than 40 million tons per year, allowing it to become the Baltic leader. Though this number has slightly decreased of late due to smaller volumes of coal and petroleum products, in 2018 it was still more than 36 million tons. The focus on new types of cargo and multi-functionality are the main factors that have allowed the port operators to successfully compete on the market and promptly respond to market changes.

Over the last ten years, significant changes have also affected the structure of cargo handled at the port, and its portfolio has become much more diversified. Its infrastructure and services have allowed to handle many types of consignments. During the last decade, the turnover of cargo at the Port of Riga has increased by 8% annually reaching ever new heights. Furthermore, since 2010 the volume of cereals and cereal products handled at the port has increased by almost five times becoming a significant new business direction for the port.

The Freeport of Riga is the largest port in Latvia. It is a multi-functional port with modern and safe infrastructure, where approximately 200 private operators, including 35 stevedore companies (cargo terminals), provide high quality services. At the same time the Freeport of Riga has been a strategic partner of NATO since 2009.

The Freeport of Riga Authority (FRA) manages the port, takes responsibility for the development of port infrastructure, security at the port, and lease of port infrastructure and land to private operators. FRA is an executive body that implements decisions of the Freeport of Riga Authority concerning development. FRA does not take active part in conducting business at the port. Its revenue is generated by port charges from serviced vessels, as well as rental fees for land and berths. FRA operates as a non-profit organization: its funds are used only for the management and development of the port.

Container Shipping Lines

CMA CGM introduces NETWORKING INTERMEDIATION SERVICES, a unique, unprecedented solution for business networking

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CMA CGM introduces NETWORKING INTERMEDIATION SERVICES, a unique, unprecedented solution for business networking. Image: Wikimedia/ Hummelhummel
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The CMA CGM Group, a world leader in shipping and logistics, is pleased to announce the launch of NETWORKING INTERMEDIATION SERVICES, the first and only business matchmaking solution on the market.

NETWORKING INTERMEDIATION SERVICES, a unique, unprecedented solution to accelerate business growth for the CMA CGM Group’s customers

In line with its Customer Centricity strategy, CMA CGM is committed to providing customized support to its clients as they pursue international expansion and business development. With NETWORKING INTERMEDIATION SERVICES, the Group gives them the ability to expand their activity worldwide, to create new business opportunities and to find the suppliers or customers that best meet their needs.

The CMA CGM teams are available to help the Group’s clients:

  • Find trustworthy partners;
  • Diversify their customer and/or supplier portfolio;
  • Reach new markets;
  • Leverage alternative business opportunities;
  • Reduce the cost, time and effort associated with business development;
  • Find better quality products and more advantageous terms.

CMA CGM leverages its trusted network for ever more innovative solutions

NETWORKING INTERMEDIATION SERVICES is backed by the unique network of the CMA CGM Group. Present in 160 countries through its 755 offices, the Group deals with companies operating in a wide variety of business sectors: textile, food, agriculture, manufactured goods, industrial equipment, etc.

A dedicated team based at the Group’s head office in Marseille screens its clients to find the most reliable, driven and dynamic business partners. To ensure adherence to the highest standards, potential partners must meet the following criteria to participate in NETWORKING INTERMEDIATION SERVICES:

  • Have a business expansion plan;
  • Have a long-term relationship with CMA CGM;
  • Comply with the CMA CGM Code of Ethics;
  • Demonstrate sound management (clear of liabilities and outstanding payments to CMA CGM).

The business matchmaking occurs in three main stages:

  • The client tells the CMA CGM team about its business goals;
  • CMA CGM presents them with a list of potential new business partners;
  • The two potential partners begin negotiating to develop their activity. The exporter only incurs fees if an agreement is signed.

Marking the launch of NETWORKING INTERMEDIATION SERVICES, Mathieu Friedberg, Senior Vice President – Commercial & Agencies Network, CMA CGM Group, declares:

With NETWORKING INTERMEDIATION SERVICES, the CMA CGM Group is leveraging the trusted network it has built over the course of its 40-plus years of experience. By helping our customers grow with ever more innovative solutions, we are reaffirming our desire to put clients at the heart of our strategy.

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Container Terminal

Swissterminal and DP World enter strategic partnership

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Swissterminal and DP World enter strategic partnership. Image: DP World
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DP World and Swissterminal Holding AG, the leading container terminal operator in Switzerland, have entered a strategic partnership.

With effect from 20 January 2020, DP World has taken a stake of 44% in Swissterminal Holding AG with the Mayer family, who founded the business, remaining the majority shareholder. The parties have agreed not to disclose financial details of the transaction.

Swissterminal, which is headquartered in Frenkendorf close to Basel, operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal. The terminals are well connected to Europe’s leading container ports in Rotterdam and Antwerp as well as the ports of La Spezia, Genoa, Ravenna and Trieste south of the Alps.

DP World has grown from its roots in Jebel Ali Port in Dubai to be a leading global trade enabler offering end-to-end logistics to cargo owners through its network of 150 operations in more than 50 countries including ports, economic zones, warehousing, feeder services and inland transport.

Focusing on faster growing markets and key trade routes DP World is developing technology to remove inefficiencies in the supply chain. Through DP World Inland, the company is well established in the German and Belgian inland markets and operates four terminals including trimodal transport systems supporting trade flows to connect to the northern range seaports in Europe.

The Swissterminal and DP World partnership is expected to deliver a strong competitive advantage and enhance the industry-leading position of both companies. The cooperation is anticipated to expand the companies’ terminal networks, increase efficiency and grow their service portfolios. With the transaction, no major structural changes within the respective companies are planned, and Roman Mayer will continue to serve as Swissterminal’s CEO.

Dr Martin Neese, Managing Director of DP World Logistics, said: “We are excited to invest in an innovative container terminal operator with extensive industry know-how, committed employees and strong values. The strategic partnership with Swissterminal strengthens DP World’s position as a leading provider of inland supply chain solutions. Swissterminal is a perfect match to our existing inland and seaport operations in Europe. We look forward to developing new intermodal solutions together for the benefit of our customers”.

“We are delighted to welcome DP World as our partner, particularly at a time when we are seeing numerous opportunities for Switzerland to grow its success as a major global logistics hub,” said Roman Mayer, CEO Swissterminal AG.

“By merging our family-owned business with such a large, international organisation which shares our long-term vision, we will be well-equipped to deliver long-term sustainable growth and cater to a changing industry landscape”, he added.

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Maritime

Collaboration key to port’s future

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Collaboration key to port's future. Image: Port of Long Beach
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The Port of Long Beach navigated a trade dispute with China, new technology and evolving trade routes in 2019, culminating in its second-busiest year on record by moving more than 7.6 million twenty-foot equivalent units, Executive Director Mario Cordero announced Wednesday at the annual State of the Port address.

Cordero was introduced by Long Beach Harbor Commission President Bonnie Lowenthal in front of an audience of more than 750 industry partners, community members and civic leaders gathered at the Long Beach Convention Center Grand Ballroom.

As a leader in environmental sustainability and community engagement, Lowenthal said the Port is poised to have a prosperous 2020 despite dramatic changes within the goods movement industry.

“Ours is the task of promoting trade so that this city, region, state and nation can thrive,” Lowenthal said. “It’s our responsibility to see that Port resources are used wisely to keep us competitive and a leader in goods movement.”

The Port wrapped up 2019, its second-busiest year on record, with 7,632,032 twenty-foot equivalent units (TEUs) moved, a decrease of 5.7% from the record-setting pace logged in 2018. Imports slid 8.3% to 3,758,438 TEUs. Exports totaled 1,472,802 TEUs, down 3.3%, while empties decreased 2.8% to 2,400,792 TEUs.

Terminal operators and dockworkers moved 665,261 TEUs in December, a 10.3% decline compared to December 2018. Imports were down 13.4% to 323,231 TEUs. Export TEUs jumped 10.6% to 125,395 units, while empties dropped 15.1% to 216,635 TEUs.

Looking ahead into 2020, Cordero sounded an optimistic note of “better times ahead” and progress on trade war discussions, while also pointing out the challenges of lagging business investment and continued uncertainty in the industry.

“At the end of the day, we need to be ready for whatever may come,” Cordero said in his speech. “We need to compete, we need to innovate, we need to lead. And most of all, we need to collaborate.”

The best way to do that, Cordero said, is to distinguish Long Beach as the Port of Choice by working toward operational excellence with labor, shipping companies, ocean carriers, truckers and other industry partners.

Key projects launched over the past decade are nearing completion, including the replacement for the aging Gerald Desmond Bridge. The new cable-stayed span is scheduled to open to traffic later this year.

Additionally, construction is scheduled to wrap up in 2021 on the final phase of the Long Beach Container Terminal, creating the greenest, most technologically advanced terminal in North America. Over the next decade, the Port also plans to invest an additional $1 billion in rail improvements that will speed the flow of goods across the country while reducing local road traffic.

Cordero on Wednesday also unveiled a new logo for the Port, aimed at conveying a message of operational excellence, and a commitment to partnership with industry and the community.

And coming soon, the Port will launch a completely redesigned website, making it easier for businesses and the community to interact with the Port and find essential information. The new polb.com will be mobile-friendly and easy to navigate and search, featuring stunning imagery and new interactive features.

The Port of Long Beach’s 2019 TEU totals are available at this link. December 2019 detailed statistics are here.

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