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Ceturtdiena 21.09.2017 | Name days: Matīss, Modris, Mariss
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Riga Freeport increase its cargo turnover by 2.3%

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared with 2014, Riga Freeport has increased its cargo turnover by 2.4%, having handled a total of 20.64 million tons of cargoes in the first six months of 2015. The Freeport handled an average of 3.44 million tons per month.

In the first half-year of 2015, Riga Freeport processed 11.65 million tons of cargoes, which is 4.2% times more than it did in the same period of 2014. The largest growth dynamic is noted in the processing of mineral fertilizers (+28.4% or 1.4 million tons). Even though the growth dynamics of coal processing has decreased, it remains positive (+2.6%). In total, a total of 7.54 million tons of cargoes in this category was processed by the Freeport in the aforementioned period, as reported by Riga Freeport.

The Freeport mentions an especially large rise in the assortment of bulk cargoes, where the Freeport noted a 17.5% rise, which comes to 1.47 million tons in turnover. The largest rise in this group was also noted in the processing of wooden granules (+52.8%). The total volume of handles granules reaches 703 thousand tons. The second most notable assortment of goods in this group is broken stone, in which processed volumes are 10.4% larger than those of 2014.

A positive tendency is noted in the handling of peat (+22.6%), wood chips (+5.8%) and saw materials (+5.2%).

Cargo turnover decline has been noted for the handling of animal feeds and animal products, scrap metals and different alloys.

Because turnover of general cargoes has managed to maintain on the level of 2014, suffering only a slight dip in the half-year, there are multiple reasons for that, including reduction in the number of ferry runs and global price fluctuations. Because of multiple reasons, the turnover of general cargoes has been 10.5% lower in the first half of 2015 than it was in the same period of 2014. Although the turnover of cargo containers was only 1.8%, which is the smallest decline among Baltic ports, the situation in general is not too optimistic. It forces officials to review the current situation and look for solutions in hopes of increasing container cargo flow again in the future. Riga Freeport processed a total of 1.93 million tons of container cargoes in the first six months of 2015.

Meanwhile, liquid cargo segment forms a very large portion of Riga Freeport’s cargo flow. With that, its stability is a guarantee for Riga Freeport’s continued existence. The port’s terminals processed 5.8 million tons of liquid cargoes in the first six months of 2015, which is 6.8% more than in the same period of 2014.

Ref: 102.109.109.5782


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