The largest cargo segment in the cargo portfolio of the Port of Riga is currently forestry cargo, their total cargo turnover in the first half of this year is 3.2 million tons (+ 8.2%), of which 0.6 million tons of various timber transshipped in June. highest monthly rate.
Pellet handling plays an important role (38%) in the port forestry cargo group, for which June was a record month. “There is a growing tendency in the world to replace fossil energy resources with renewable resources, including wood pellets. In addition, reserves are currently being renewed in Europe for the autumn / winter heating season and high-quality Latvian pellets are in high demand,” explained the Freeport of Riga analysts.
“The trump card of the port of Riga is the railway and road transport infrastructure, berths, where we can serve large ones Panamax type of ships, as well as the high quality of the service provided. This has allowed us to attract not only the local pellet company, but currently cargo of Lithuanian and Estonian origin is also transported to the port of Riga. This trend also contributes to the processing of wood pellets, “describes the situation Riga Universal Terminal Member of the Board, Executive Director Jānis Kasalis.
In the first half of the year, the largest increase was recorded for agricultural cargo, the volume of which in the port has increased by more than a fifth (+ 22.5%) and in the last year, cargo of cereals has been firmly among the three largest cargo in the port. In addition, it is positive that Latvian grain growers are increasingly using the port of Riga for export, which is confirmed by the transaction concluded in April, as a result of which the Agricultural Services Cooperative Society LATRAPS has acquired 50% + 1 share in the bulk cargo terminal. Alpha buy.
The container cargo segment is still struggling to cope with the crisis caused by the pandemic – the long-running shortage of empty containers around the world, as well as rising transportation costs. And this situation can also be seen in the port of Riga – in the first half of the year, 2.06 million tons of container cargo was handled in the port, which is 8.4% less than last year.
“Together – by the Freeport of Riga Authority arranging and developing the port infrastructure and Riga port entrepreneurs, working professionally and skillfully and investing in its operations, stevedoring, storage technologies and IT solutions, we can grow the port’s growth and competitiveness potential, Positions of the Port of Riga in the global market, “convinced the manager of the Freeport of Riga Ansis Zeltins.
The Freeport of Riga is the largest port in Latvia and the second largest port in the Baltic States, where high-quality services are provided by about 200 private companies working in the port, including 36 cargo handling terminals. The Port of Riga business cluster employs more than 4,000 people.
According to the calculations of the think tank CERTUS, each ton of cargo transshipped at the Freeport of Riga contributes to Latvia’s GDP in the amount of 10.7 euros. This means that last year, by handling 23.7 million tons of cargo, the Port of Riga cluster increased Latvia’s GDP by 250 million euros. The companies of the port cluster pay more than 30 million euros in taxes every year.