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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.

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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.

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September - one of the most successful months for the port of Riga

This year, during the month of September 3 million tons of various cargo were handled at the Riga port, which makes September one of the most successful months of the year in terms of handled cargo volume. Compared with the month of August the cargo turnover at the port increased by 13.5%. As mentioned above, the volume of cargo at the port of Riga has stabilized. Within nine months 26.9 million tons of cargo were handled at the port, which is by 10% less compared to the last year's corresponding period.

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Cooperation of the industry players will foster competitiveness of Latvian-Belarus transit corridor

“Transport & Logistics” exhibition in Minsk (Belarus) came to an end. This was the 10th anniversary exhibition and it was held for three days on October 4 - 6. Working together with the Riga Commercial port, as well as with other major Latvian ports and the SJSC “Latvijas dzelzceļš (Latvian Railway)” at the Latvian stand the FPRA representatives attended the conferences, participated in informal meetings and roundtables. The exhibition, which took place in the framework of the Belarusian Transport Week, is regarded as an effective platform for establishing new contacts, promoting the port of Riga, as well as an opportunity together with other industry representatives to promote Latvian transit corridor options and its readiness for efficient transport of goods from Belarus. Participation in the exhibition and Belarusian Transport Week was also essential in relation to the fact that the first phase of the project “The Great Stone” will be put into operation in Belarus this November. “The Great Stone” is currently the largest infrastructure project in Belarus, and it is being implemented in partnership of China and Belarus. The project’s objective is to create an industrial logistics and business park not far from Minsk, which will be one of the most important branches of the New Silk Road initiative, creating road connections for transportation of goods from China to Europe. In this context it is essential for the Freeport of Riga to demonstrate its ability to compete with the Klaipeda port, which in the framework of the Great Stone project is regarded as the closest competitor for distribution of Chinese goods via the Baltic Sea.

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The Freeport of Riga Authority and the port companies take part in Transit-Kazakhstan 2016

The international logistics exhibition Transit-Kazakhstan 2016 took place on October 4 - 6 at the Kazakh financial capital Almaty. The port of Riga was represented at the conference by the Freeport of Riga Authority (FPRA)  together with the port companies “Riga Container Terminal” Ltd., “Riga Universal Terminal” Ltd., "Jaunzeltiņi" Ltd., “Logistics Systems” Ltd. and “TFS Trans” Ltd. The exhibition Transit-Kazakhstan is the main transport and logistics industry event in Central Asia, bringing together leading industry professionals from Kazakhstan, the CIS countries, China and European countries, which are interested in cooperation to foster Eurasian logistics chains’ development. The FPRA and the port companies participate in the exhibition every year, but this year, thanks to more active participation of the port companies, the port of Riga has a common stand within the framework of Latvian national stand.

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The Freeport of Riga Authority has become a member of Latvian - Belarusian Economic Relations Promotion Association

The Freeport of Riga Authority (FPRA) has become a member of the Latvian - Belarusian Economic Relations Promotion Association (LBESVB). Belarus has always been an important partner, of the port of Riga, but now, in connection with the reorientation of Russian cargo to Russian ports, active search of new possibilities of cooperation with Belarus has become particularly important. The Freeport of Riga Authority considers its membership in LBESVB as one of the platforms providing an opportunity to continuously and actively demonstrate the Riga port advantages to Belarus partners, as well as promote a favorable investment climate and the port infrastructure facilities for Belarus cargo transit.

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High-level officials representing Belarus transport sector visited the Freeport of Riga

Today, on September 15, the Port of Riga was visited by the First Deputy Minister of Transport and Communications of Belarus and Latvian-Belarusian Transport Working group leader Mr. Alexei Avramenko, as well as the Belarusian Railway Company First Deputy Chairman Mr.Igor Shilov. The guests met with the Freeport of Riga CEO Mr.Leonids Loginovs and sailed around the port water area.

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The Baltic Sea region is to enjoy successful 2017 cruise season

The Freeport of Riga Authority (RBP) represented the port of Riga at two international cruise industry events – at the exhibition and conference “SeatradeMed” as well as at the conference dedicated to the project   “Green Cruise Port - Sustainable Development of Cruise Port Locations”. “SeatradeMed” is the most important European cruise industry event, that takes place every two years, alternating with “SeatradeEurope”. The exhibition and the conference  focus on the Mediterranean region, but, given that the Mediterranean Sea is the second largest cruise destination in the world, all major cruise industry players meet at the said event to discuss key issues of the entire cruise industry. Taking part in the Green Cruise Port conference, the Freeport of Riga together with other European cruise ports are working to develop a common regional vision for the improvement of the port environment applying the instruments, provided by the European Funds – research, studies, best practices, etc.

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Krievu Sala Project is highly evaluated

Today the Riga City Council's City Development Committee Members and the Riga city Chief architect Mr.Gvido Princis visited and assessed the infrastructure of the project “The Krievu Sala Infrastructure Development for Relocation of the Port Operation from the City Center”, implemented by the Freeport of Riga. The new Krievu Sala terminal infrastructure project together with the relevant SJSC “Latvijas Dzelzceļš"(Latvian Railway) railway infrastructure project this year has been nominated as one of 11 nominees for the Riga Architecture Award 2016.

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Transport Forum in St. Petersburg - an opportunity to get acquainted with the current issues of Russian transport policy

Last week, Deputy CEO of the Freeport of Riga - Marketing Director Mr.Edgars Suna represented the Freeport of Riga at IX International Forum “Transport and Transit Potential” in St. Petersburg, Russia. The annual forum is organized by the Russian authorities, that are in charge of transport policy, and aims to develop effective solutions to increase competitiveness of the Russian transport system. The Freeport of Riga Authority representatives are participating in the forum for the second year in order to be aware of current Russian transport policy issues and assess their impact on the Port of Riga.

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Riga port cargo turnover data show positive trends in the container cargo turnover

During 8 months of the current year 23.9 million tons of cargo were handled via Riga port, which is by 10.8% less than in the corresponding period of 2015. According to the cargo turnover analysis the volume of bulk cargo at the port has stabilized, liquid cargo handling continues to decrease, the general cargo turnover is increasing. In August 2016, for the first time in recent years, the general cargo volume, transshipped via the Freeport, exceeds the liquid cargo turnover. An increase of general cargo segment can be attributed to the growing indicator of container handling. 248.4 thousand TEU of containerized cargo were handled in the first half of the 2016 at the port, which is by 4.7% more than in the corresponding period of 2015. 339 thousand TEU - the volume of containers handled in August - is the largest monthly result in the last five months. According to the Freeport of Riga Authority the container turnover increase is a very positive trend, due to the fact that the containerized cargo provides a higher added value for logistics industry, reducing the imbalance between inbound and outbound cargo at the port, as well as reducing the port's dependence on Russian transit cargo. Besides, the container transshipment is ecologically cleanest type of cargo-handling and it is very effective because the container is adapted for transportation by all modes of transport (by ship, rail, and road) and is easily moved from one mode of transport to another. That is why more and more goods are transported in containers globally and the Freeport of Riga follows this trend.

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Riga Port Vessel Traffic Service Centre takes part in the development of a uniform system for obtaining information from ships in the Baltic Sea region

Vessel Traffic Service Center Manager Mr.Yurijs Zarins represented the Freeport of Riga Authority (FPRA) at the meeting  of the Working Group  on Vessel Traffic Service and Ship Reporting System Harmonization, that took place  in Hamburg. VTS operators, representing the Baltic Sea ports and other operators meet once a year, organizing working group meetings with the aim to create a common Baltic Sea framework, so that the VTS centers receive information from vessels and provide each other with it. Another purpose is to ensure the development of uniform requirements for VTS operator training, certification and improvement of professional skills in accordance with modern requirements.

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Cooperation issues related to Eurasian logistics supply chain were discussed with the Duisburg Port CEO

On   September 7 the Duisburg Port President and CEO Mr. Erich Staake visited the Freeport of Riga. The Duisburg port representative met with the Freeport of Riga Deputy CEO - Marketing Director Mr.Edgars Suna and was introduced to the Freeport operation, sailing through the Riga port water area. The Duisburg Port is the world's largest inland port, which in recent years has developed into a leading logistics hub of the  Central Europe. Mr.Eric Staake came to Latvia with the aim to meet with the representatives of the Ministry of Transport, JSC Latvijas Dzelscels (Latvian Railway) and the Freeport of Riga and discuss issues related to cooperation of Latvian parties with Duisburg port in the framework of Eurasian supply chain.

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Minister of Electronics and Information Technology, Law and Justice of India visited the Freeport of Riga

Yesterday, on September 16, Minister of Electronics and Information Technology, Law and Justice of India Mr.Ravi Shankar Prasad and the accompanying delegation visited the Port of Riga. The purpose of the visit was to get acquainted with the Freeport of Riga and the possibilities for cooperation with India, with special focus on the opportunities to establish the multi-functional warehouse and freight distribution center at Kundzinsala to serve as a cargo distribution and consolidation center for Indian and other countries' products in Northern Europe, Russia and the CIS markets. In the framework of its visit to the port of Riga,   Indian delegation visited the Vessel Traffic Service Centre and met with the Freeport of Riga Deputy CEO - Marketing Director Mr.Edgars Suna, Harbour Master Mr.Arturs Brokovskis-Vaivods and SIA “Kundziņsala northern project” representatives.

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KPMG Baltics will audit the Freeport of Riga Authority

On August 31, 2016, the Freeport of Riga Board has decided to employ an independent international company KPMG to audit the Freeport of Riga Authority financial statements and consolidated financial statements and prepare the auditor's report. The contract on auditing financial statements will be signed for the next three years.

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