Search

Free Zone Status is a Crucial Advantage for the Future Development of the Freeport of Riga

One of the crucial features of the investment climate at the Freeport of Riga is an opportunity for merchants to operate under the Free Economic Zone Regime. The new Freeport of Riga Development Programme 2019-2028 provides for active promotion of the advantages ensured by the free economic zone in order to use the port territory more effectively and attract new development projects to vacant port territories.

Read more: Free Zone Status is a Crucial Advantage for the Future Development of the Freeport of Riga

Port of Riga Sets Goal: Number of Cruise Ships and Their Passengers Must Be Doubled

Over almost half a century, the cruise industry has experienced dynamic growth, initially driven by the demand for cruise travels in North America and the recent demand in Europe and rest of the world, especially China and Australia. The demand for cruise ships in regions of the world has increased from 23.34 million passengers in 2014 to 26.76 million passengers in 2017. Market trends suggest that the number of cruise passengers world-wide may increase by another third by 2030, revealing more and more new tourist routes and market niches.

Read more: Port of Riga Sets Goal: Number of Cruise Ships and Their Passengers Must Be Doubled

Krievu Island Terminal Put into Operation

The second stage of the construction work at the Krievu Island Terminal is complete and fully operational, and the terminal is ready to start cargo servicing operations as planned. Construction of all additional infrastructure undertaken by the Freeport of Riga Authority in the territory of the stevedoring companies Strek SIA and Riga Coal Terminal SIA is 100% complete.

Read more: Krievu Island Terminal Put into Operation

Second Stage of Construction Work at Krievu Island Terminal is Approaching the Finish Line

The second stage of construction work at the Krievu Island Terminal is almost complete. Work progress was confirmed by the Freeport of Riga board members during an on-site visit earlier today. Construction of all additional infrastructure performed by the Freeport of Riga Authority in the territory of the Strek SIA stevedoring company is 100% complete and constructions have been put into service. Construction work in the territory of the other stevedoring company, Riga Coal Terminal SIA, is also done and the object is put into service. Harmonising of the executive documentation is also in progress, which will be finalised in the second half of December.

Read more: Second Stage of Construction Work at Krievu Island Terminal is Approaching the Finish Line

The Growth of the Freeport of Riga Will Be Based on Implementation of Socially Responsible Policies, Sustainable Use of Resources and Care for the Environment

Work by the Freeport of Riga Authority on the port development programme for the upcoming decade has reached its final stage. The “Freeport of Riga Development Programme for 2019-2028” is a comprehensive document which will outline trends for the development of the Port of Riga in the next ten years — from the development of infrastructure objects and new logistics roads to sustainable environmental and social responsibility policies.

Read more: The Growth of the Freeport of Riga Will Be Based on Implementation of Socially Responsible...

Rapid increase in the timber volume handled by the Port of Riga

This year the Port of Riga has experienced a significant increase of timber cargo, which has become the second largest group of cargo in terms of volume. During the first ten months of this year the port has handled a total of 4.4 million tonnes of various types of timber cargo, one third more than in the previous year.

Read more: Rapid increase in the timber volume handled by the Port of Riga

Modern and Environmentally Friendly Technology to Be Used at the New Krievu Island Terminal

The second phase of the extensive Krievu Island Terminal development project, the construction of additional infrastructure, is nearing its end and very soon coal handling will be moved from areas close to the city centre to the new multifunctional terminal on Krievu Island.  The works on the construction of additional infrastructure in the leased territory of the stevedore company SIA STREKhave already been completed. The necessary engineering communications, cargo areas, access railways, as well as a wind-damping fence have been constructed to observe environmental requirements. The company is actively working on the supply and assembly of the technical equipment.

Read more: Modern and Environmentally Friendly Technology to Be Used at the New Krievu Island Terminal

Production Development in the Port Will Make a Significant Contribution to the National Economy

Along with changes in global transport flows and the economic situation of our region, the Port of Riga is changing as well in order to maintain its cargo turnover and successfully compete with other ports of the region. One way of ensuring jobs, earnings and a stable cargo turnover is to promote production and increase the share of production-related cargoes in the port.

Read more: Production Development in the Port Will Make a Significant Contribution to the National Economy

The Freeport of Riga Authority continues to develop cooperation with China

Last week, the Freeport of Riga Authority together with SIA Riga Container Terminal represented the Freeport of Riga in one of the largest Asian transport and logistics exhibitions "The 13th China (Shenzhen) International Logistics and Transportation Fair" in the Chinese port city of Shenzhen, as well as participated in several major industry events.  During the exhibition a meeting with the representatives of the Port of Shenzhen, a partner to the Freeport of Riga, was held.

Read more: The Freeport of Riga Authority continues to develop cooperation with China

Residents of Riga and the Port outline a common vision for the future

The Port of Riga is an integral part of the city. Territorially, it covers around a fifth of the total area of Riga. To find a balance between development of the Port and the interests of the city’s residents and businesses, it is crucial to encourage an open dialogue and a mutual exchange of information and interests. Therefore, in the beginning of November local and international experts from various industries and socially active residents of Riga gathered at the conference The Citizen of Riga and the Port, organised by Riga’s city architect, to become acquainted with the visions for the development of the Port of Riga, look at world examples and exchange views on the future interaction of Riga city and the Port.

Read more: Residents of Riga and the Port outline a common vision for the future

The Port of Riga outlines a vision for future development of Spilve Meadows

Last week, an in-depth investigation of free territories of the Freeport of Riga was completed at Spilve Meadows. Results of the geodetic investigation yielded recommendations on the compatibility of the Spilve Meadows territory with various types of constructions and development projects. During the research, 3D visual modelling was also performed, an important precondition for the future development of the territory, attraction of investors and promoting the competitiveness of the Port of Riga. 

Read more: The Port of Riga outlines a vision for future development of Spilve Meadows

Common Goal of the Ports of Riga and Shenzhen — To Become Internationally Important and Strong Ports Through Cooperation

Last week the Port of Riga welcomed a delegation from the Port of Shenzhen, including representatives of the city municipality and management of the port authority, as well as port entrepreneurs — representatives of all four container terminals of the Port of Shenzhen. Since the Port of Shenzhen is a cooperation port for Riga, the goal of the visit was to become personally acquainted with the operations of the Port of Riga and to find ways for even closer cooperation.

Read more: Common Goal of the Ports of Riga and Shenzhen — To Become Internationally Important and Strong...

Belarus sees Latvia as an exit to the sea

Last week, from 2 October through 4 October, the CEO of the Freeport of Riga Ansis Zeltiņš, employees of the Freeport of Riga Authority and port companies represented the Port of Riga during the annual Belarusian Transport Week. Belarus is one of the current strategic target markets, where Latvijas Dzelzceļš AS together with the Ministry of Transport and other industry representatives are working hard to attract freight traffic and promote cooperation. The Port of Riga has set out clear objectives for the Belarusian market and currently has a good opportunity to compete for Belarusian cargo flows.

Read more: Belarus sees Latvia as an exit to the sea

Grain transhipment volumes at the Port of Riga reach new records

In the first nine months of this year, transhipment volumes of grain at the Port of Riga have reached a new record. The volume of grain transhipped at the terminals has exceeded 1.1 million tons, which is 30% more than last year. Grain is conquering increasingly better positions in the transit sector, and port enterprises are quickly adapting to these market conditions. In recent years, the infrastructure for transhipment and storage of agricultural products at the Port of Riga has been developing rapidly. New warehouses are being built at terminals, companies are continuing to expand and new players are entering the segment.

Read more: Grain transhipment volumes at the Port of Riga reach new records

Ports and Shipping Experts: the Future of the Industry Is Digital

Last week, the conference 2nd Baltic Ports and Shipping 2018 organised by the Freeport of Riga Authority gathered world-level experts and professionals of the industry in Riga to discuss the most topical current issues and future challenges in the activities of ports, shipping and the effective provision of supply chains. The biggest challenges of the industry on both regional and global scale include the influence of geopolitical processes on international trade, fast development of digital technologies and modern transformation of ports from a simple place of cargo handling into a complex ecosystem with many diverse participants. 

Read more: Ports and Shipping Experts: the Future of the Industry Is Digital