Freeport of Riga Authority

Port of Riga to receive over US$65 million for infrastructure development

On 26 November, Latvia’s Cabinet of Ministers approved a €64.5 million (around US$67 million) investment to develop the Freeport of Riga’s infrastructure, aiming to bolster offshore wind technology production in Latvia—a critical element for the European Union’s (EU’s) supply chain.

This initiative will establish a green industrial zone within the Freeport, enabling businesses to set up facilities for manufacturing offshore and onshore wind technology components.

The project involves creating a...

https://container-news.com/port-of-riga-to-receive-over-us65-million-for-infrastructure-development/

Port of Riga CEO elected as new ESPO chair

The General Assembly of the European Sea Ports Organisation (ESPO) has unanimously elected Ansis Zeltiņš as its new Chair. Zeltiņš, who has served as CEO of the Freeport of Riga Authority since 2017, brings over 20 years of maritime industry experience.

He has represented Latvia in various international organizations, including the International Maritime Organization (IMO), and has served on the board of the European Maritime Safety Agency (EMSA). He holds a chief mate’s qualification for...

https://container-news.com/port-of-riga-ceo-elected-as-new-espo-chair/

Port of Riga companies embrace green energy for sustainable growth

WT Terminal, an active company within the Port of Riga, recently launched a solar panel park to partially meet its electricity needs with renewable energy.

Located on the Latvian terminal’s warehouse roof, this solar park includes 480 panels with a capacity of 220.8 kW. Initiated in 2023 with ALTUM support and financing from Citadele Bank, the project aims to reduce energy costs and mitigate market electricity price volatility.

Given WT Terminal’s energy-intensive operations, especially in timber...

https://container-news.com/port-of-riga-companies-embrace-green-energy-for-sustainable-growth/

Major solar park set to transform port of Riga into green energy hub

On 9 September, an agreement was signed between the Freeport of Riga Authority and Lithuanian company SNG Solar for the lease of land in the Spilve Meadows area of the Latvian port.

This deal marks the beginning of a major solar energy project at the port of Riga, which will include the installation of solar panels, the production and storage of renewable electricity, and the development of hydrogen and alternative fuel technologies.

Over the next five years, SNG Solar plans to build a solar...

https://container-news.com/major-solar-park-set-to-transform-port-of-riga-into-green-energy-hub/

Kronospan acquires major cargo terminal at Port of Riga

In early July, SIA Kronospan Riga, a subsidiary of the Kronospan Group, a wood-based panel manufacturing company, acquired KS Terminal, the fourth-largest cargo terminal in the Port of Riga.

This acquisition establishes SIA Kronospan Riga as the sole shareholder of KS Terminal, enhancing its operations in Northern Europe and creating strategic growth opportunities for the Latvian terminal.

By late July, Kronospan Group’s general cargo vessel, Spanaco Adventure, arrived at KS Terminal to transport...

https://container-news.com/kronospan-acquires-major-cargo-terminal-at-port-of-riga/

Freeport of Riga Board elects new chairman and vice-chairman

During the latest Freeport of Riga Board meeting on 1 March, Sandis Šteins was elected as the chairman of the Freeport of Riga Board, with Liene Priedīte-Kancēviča chosen as the vice-chairman of the Board.

Šteins, who holds a Master’s degree in economics, brings extensive experience in managing large enterprises and state capital companies, having served in various managerial roles in organizations such as SIA “Kool Latvia”, SIA “Rimi Latvija”, and others.

His tenure with the Freeport of Riga...

https://container-news.com/freeport-of-riga-board-elects-new-chairman-and-vice-chairman/

Latvia, UK and Canada cooperate on ROC solution

The Port of Riga has joined a consortium comprising Latvia, the UK and Canada to develop a solution for a single Remote Operations Centre.

This week, on 22 and 23 February, maritime and ICT experts, along with researchers from the three nations, convened for a workshop at the Freeport of Riga Authority. Their collective efforts will focus on crafting a solution for a Remote Operation and Control (ROC) platform. This platform will serve as the cornerstone for an advanced testing facility...

https://container-news.com/latvia-uk-and-canada-cooperate-on-roc-solution/

Port of Riga welcomes largest container ship in its history

On Sunday night, the container ship MSC Maritina V made its entrance into the port of Riga, marking the largest container vessel to ever visit the Latvian port.

Measuring 266 meters in length and 37 meters in width, the ship operates under the flag of Madeira (Portugal) and boasts a maximum capacity of 4,533 TEUs (20-foot containers). MSC, the Swiss-based international company, which operates the vessel, has incorporated the Port of Riga into its regular container line route.

Docking at the...

https://container-news.com/port-of-riga-welcomes-largest-container-ship-in-its-history/

Port of Riga sees increased container numbers in 2022

The Port of Riga recorded an increased container cargo volume with 460,700 TEUs in 2022, with containers being the third largest type of cargo in the Latvian port.

Last year, Baltic Container Terminal (BCT) achieved a record-high cargo turnover rate, exceeding the previous year’s result by 16% and transshipped 326,000 TEUs, which is the highest annual turnover in its history.

The growth in container cargo turnover can be attributed to the impact of the geopolitical situation on global logistics...

https://container-news.com/port-of-riga-sees-increased-container-numbers-in-2022/

Freeport of Riga Authority to create digital platform for multimodal cargo services in Latvia

Freeport of Riga Authority has announced the creation of an integrated shared platform to provide multimodal cargo services for sea and land freight, including data exchange with existing information systems of national importance.

With this move, the Latvian port authority aims to promote the digitisation of cargo documents and data circulation and to develop the automation of port and logistics processes.

“We are aiming to become a leader in the implementation of digital technologies throughout...

https://container-news.com/freeport-of-riga-authority-to-create-digital-platform-for-multimodal-cargo-services-in-latvia/

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