bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Monday 18.02.2019 | Name days: Kintija, Kora
LatviaLatvia

BATL: we expect a drop in turnover for ports and railway cargo freight

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn the ten months of 2018, the total cargo turnover decline reached 2.1% at Ventspils port in comparison to the same period a year ago. This is the second lowest decline after the anti-record of 2016. In total, nearly 17 million tonnes of cargoes went through Ventspils port in this period of time, which is 31% of the total volume of cargoes, making this port second after Riga Freeport cargo turnover-wise.

General cargo turnover at Latvian ports in the first ten months has grown 6.4%, reaching 55.3 million tonnes, BNN was told by Baltic Association – Transit and Logistics.

The largest portion of cargoes consists of transit cargoes – coal (30%) and oil products (22%) from Russia and Belarus, which accounts for 52% of cargo turnover for Latvian ports.

The ratio of these cargoes is even larger for Latvian railway – 45% for coal, 24% for oil products – which secures 69% of cargoes transported by rail. With that, this change will most definitely affect the total cargo turnover, explains BATL.

«This cargo turnover will have a constant downward pointed tendency in a long-term perspective. Compared to the previous year, it was possible to slightly increase coal transit volume, which was mainly associated with the modernization of Ust-Luga Port in Russia this year. Once the modernization process has been completed, the capacity of Ust-Luga port will increase considerably. Considering this aspect, as well as oil product turnover trends, yet another cargo turnover decline is expected for 2019. Market participants also intensely work on attracting other types of cargo. This is proven by the increase of turnover of certain types of cargoes, such as grains, timber, containers, etc. However, considering their ratio in the total cargo turnover, it cannot possibly compensate the fluctuations with the main types of cargoes,» comments BATL board member Ivars Landmanis.

According to him, to make sure Latvia’s economy does not lose, all transit market participants should be able to work together, not seek to satisfy their own interests. Officials of state institutions should not divide market participants into ‘friends’ and ‘others’, whose rights and freedoms should be restricted with different decisions. Decisions made by officials should be in Latvia’s best interests, not the interest of a small group of people.

BATL believes currently it is important to consider reducing fees for the usage of state railway infrastructure across the entire network. It is necessary to make sure expenses of Latvian transit corridor are equalized regardless of distances. This can be regulated using fees for the usage of state infrastructure. A situation in which fees for usage of state infrastructure control the competitiveness of transit cargo flow in Latvia is unacceptable. This is possible, but there needs to be a political decision and interest from state officials and ability to take responsibility.

In the first ten months, the volume of cargoes that went to Ventspils port in the first ten months has grown 28% in comparison with the same period of last year, reaching 2.23 million tonnes. The volume of sent cargoes, on the other hand, has dropped by approximately 5.5%, reaching 14.7 million tonnes.


Leave a reply

Week in Lithuania. Lithuania to hold referendum on reducing number of MPs

A referendum on reducing the number of lawmakers to 121 from the existing 141 will be held on May 12 alongside the presidential election in Lithuania, the country's parliament has decided after 58 lawmakers voted in favour on Thursday, February 14, 42 were against and two abstained.

Latvian President: All should acknowledge constitutional values as their own

At the anniversary of the Constitution of the Republic of Latvia, President Raimonds Vējonis, urged everyone in Latvia «to acknowledge the values of the Constitution as one's own and be ready to stand for the basic law both in big issues and in aspects of daily life».

Court rules EUR 200 thousand bail for criminal suspect of Riga transport firm

A court in the Latvian capital has set at 200 000 euros the bail money for ex-board chairman of the Riga public transport company Rīgas satiksme, who is a suspect in the criminal case over possible corrupt procurement dealings at the municipal firm.

Grave terror attack shakes Kashmir, conflict region of India, Pakistan

A terror attack has taken place in the disputed region of Kashmir, a long source of argument between India and Pakistan, taking the lives of 44 people.

British parliament rejects government's approach to Brexit talks

As the government of the United Kingdom sought the backing of the British Parliament to its strategy for the remaining weeks of Brexit talks with the European Union, a motion endorsing the government's strategy was rejected with a majority of 45 votes.

Lithuanian lawmakers set to backtrack on «Norwegian-type» child welfare protection

The Lithuanian lawmakers have sent this week a mixed message on their resolve to root out child abuse in Lithuanian families. As the MPs backtracked from the stringent Norwegian-type child welfare protection law to a more lenient one, not-criminalizing corporal punishment in certain cases, some experts warn that the reverse can trigger a spike of child abuse cases.

Drivers warned in Latvia as roads slippery in warmer temperatures

Black frost is hampering driving on Latvia's main and regional roads. The road administration body Latvijas Valsts ceļi (LVC) says that maintenance teams are covering the roads with antiskid materials and advises drivers to be very careful.

Programmer, physiotherapist and pilot – top professions on Latvian Job Shadow Day

The Job Shadow Day 2019 was held on February 13 in Latvia and the professions of programmer, physiotherapist and pilot were the most attractive as 1 545 companies offered the chance to follow working specialists throughout the day, according to the data by Junior Achievement Latvia.

Macedonia starts name-change from signs to currency, passports

Macedonia's official gazette has published the name-change agreement, launching a campaign of renaming the country as North Macedonia and allowing for its accession to NATO and eventually the European Union.

Dozens of British ex-ambassadors call for delay of Brexit

A group of over 40 British ex-ambassadors have urged the country's Prime Minister Theresa May to delay the withdrawal of the United Kingdom from the European Union, British media report.

Port of Ventspils sees 40% boost in cargo turnover on year

Cargo turnover at the Freeport of Ventspils has in January 2019, compared to the respective month in 2018, jumped by 40.12% or 593 tonns, according to data from the Port Administration.

New CEO of Rail Baltic project is Finnish railway executive Riihimäki

To advance the pan-Baltic railway project, the Supervisory Board of RB Rail AS has appointed Timo Riihimäki as Chief Executive Officer and Chairperson of the Management Board of the Rail Baltica Joint Venture.

Latvian PM sees no chance no significantly raise teacher salaries in 2019

Despite promises to teachers made by the previous government, Latvia is currently unable to significantly raise the wages of teachers, because it would require either increasing the budget deficit or higher taxes, Latvian Prime Minister Krišjānis Kariņš has told on Wednesday, in an interview with LNT's programme 900 sekundes.

Estonian startups attract EUR 328 million in 2018

The Estonian startup sector has in 2018 attracted combined investments of 328 million euros with Taxify, Pipedirve and Monese being the top performers, according to calculations by Startup Estonia.

U.S. sees power vacuum in Eastern Europe as exploited by Russia, China

U.S Secretary of State Mike Pompeo evaluated that in Eastern Europe, China and Russia endanger the democratic and free-market gains made since the fall of the Berlin Wall in 1989 by the means of predatory investment and political meddling.

Ukraine peace agreement not fulfilled, UN finds

The Minsk peace accord of 2015 stands unimplemented in eastern Ukraine as over 3,300 people have been killed and 1.5 million people displaced in the five-year conflict, U.N. officials stated.

Latvian conductor Nelsons wins Grammies in U.S.

Latvian conductor Andris Nelsons has added two Grammy music awards to his list of honours for the work with the Boston Symphony Orchestra. At the Grammy music awards ceremony in the U.S. on Sunday, February 10, the Latvian won the prize for the best orchestral performance with the Boston Symphony Orchestra in the record Shostakovich: Symphonies Nos. 4&11.

Riga Mayor survives another no-confidence vote

The embattled Mayor Riga Nils Ušakovs has survived a vote of no-confidence as the opposition parties criticised him over corruption scandals involving the Riga City Council.

Justice Minister: Justice does exist in Latvia, but it's selective

«I'm in politics precisely, because as a citizen and a lawyer, I wasn't satisfied with the influence on the court and political system from people, operating outside these spheres. To my mind, this influence is the reason of long trials in Latvia. Another problem is the lack of specialists, who could solve economic crimes – if politicians would be very interested in this, many cases would have been solved over the past ten years. There are two options: there have either been unprofessional politicians, or they have been interested in having the situation remain the way it was,» said Latvian Justice Minister Jānis Bordāns in an interview with the BNN.

Spain starts historic trial against Catalan independence figures

Spain is beginning court proceedings against 12 leaders of the region of Catalonia for their role in the region's independence referendum and the subsequent declaration of separation from Spain.

Estonia convicts ex-army officer, his father for treason

A court in Tallinn has convicted ex-officer of the Estonian Defence Forces, Deniss Metsavas, his father for state treason, finding them guilty of selling state secrets to Russian intelligence.

Troubles continue in Latvian anti-establishment party KPV LV

In the Latvian anti-establishment party KPV LV, Saeima member Linda Liepiņa has decided to leave the post of the party's Co-chairperson and member of the board.

Thaw and warm temperatures expected in Latvia this week

The weather in Latvia, in the first part of the week will be mostly warm for winter-time and precipitation in the form of rain and wet snow can be expected, according to a weekly forecast from the Latvian Environment, Geology and Meteorology Centre.

Defence Minister: Deployment of allied missiles in Latvia is «dreaming»

The issue of the deployment of the missiles of allied forces in Latvia is far from being relevant, «it's dreaming», commented Latvian Defence Minister on Monday, February 11, in an interview with LTV's news programme Rīta panorāma

Hungary' s mothers of four to be exempt from paying income tax

In Hungary, the government is boosting financial support to families with several children, according to measures presented by Prime Minister Viktor Orbán. On Sunday, February 10, the significant measures announced by Viktor Orbán during an annual address, encouraging women to have more children.

Newest comments