bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 14.12.2018 | Name days: Gaisma, Auseklis
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

Next week in Latvia to start off with snowfall

The end of the week is not expected to have any major weather changes in Latvia, whereas next week will start off with snowfall and gradual decline of air temperature, promises Latvian Environment, Geology and Meteorology Centre.

Court arrests Harmony sponsor and Honour to Serve Riga party member

Riga City Vidzeme District Court issued an arrest to businessman Aleksandrs Krjačeks on Thurday, 13 December. He was previously detained by Corruption Prevention and Combating Bureau in the criminal case regarding procurements organized by SIA Rīgas satiksme, as confirmed by the man’s lawyer Valdis Ulmanis.

Saeima: increase of doctors’ wages should be a government priority

When preparing the budget plan for the next three years, the government should allocate money for the 20% increase of doctors’ wages. This is provided by changes to Healthcare Financing Law, approved by the Saeima in two readings on Thursday, 13 December.

airBaltic to perform more flights between Riga and Liepaja

During a visit today in Liepaja CEO of Latvian airline airBaltic Martin Gauss announced that airBaltic will increase the number of domestic flights between Riga and Liepaja from three to five weekly as of summer season 2019.

Court arrests Škoda commercial director; CPCB request arrests for two more people

Latvian court has arrested Škoda commercial director Vladislav Kozak following a request from Corruption Prevention and Combating Bureau in relation to the criminal case regarding procurements performed by Rīgas satiksme.

EY: investments in crypto currency offers have largely failed

86% of 141 initial crypto currency offers presented last year have lost value over the course of the first eight months of this year. Additionally 30% of them have lost nearly all of their value, according to Initial Coin Offerings study by EY.

Estonian criminal figure convicted in Ireland

A court in Ireland has convicted Estonian criminal figure Imre Arakas, finding him guilting of conspiracy to murder.

As income increase, housing becomes more accessible in all Baltic capitals

Housing Accessibility Index improved in all Baltic capitals in Q3 2018. The main factor for this was the growth of average net salaries. Additionally, beneficial economic development also improved households’ interest for housing acquisition, which was reflected both in increased activity on the apartment market and household loan portfolio growth.

Lithuanian PM suspects Kremlin-backed opposition behind teacher attacks

The nearer municipal council, presidential and EP elections, the more sparkles Lithuania’s political leadership spews out. With the linguistic weaponry exhausted in the Seimas, the party leaders seek help from intelligence services.

EP proposes stricter monitoring of militants returning to Europe to combat terrorism better

The European Parliament has presented proposals for better measures against radicalization, better data exchange and support of victims of terrorism, as well as several other proposals for European Union’s strategy for terrorism prevention.

Latvian media organizations found Media Ethics Council

On Wednesday, 12 December, Latvian Media Ethics Council was founded. It is a public organization meant to unite media organizations and legal persons associated with the media sector and supervise compliance with the council’s statutes and code of ethics, the council explains.

U.S. President's former lawyer sentenced to prison

The former personal attorney of U.S. President Donald Trump has been handed a prison sentence for violations of the rules of election campaign. A New York court has sentenced Michael Cohen to three years in federal prison.

Latvian parties hear New Unity leader’s offer; opinions on coalition still differ

Political parties in Latvia are prepared to listen to New Unity and its prime minister candidate Krišjāņis Kariņš’s initiative in the government formation process.

British PM stays after no-confidence vote, attends EU summit

British Prime Minister Theresa May has survived a no-confidence vote in her ruling Conservative Party and on Thursday attends a summit of the European Union.

European Parliament ratifies EU-Japan Economic Partnership Agreement

On Wednesday, 12 December, gave green light for EU-Japan Economic Partnership Agreement, which is EU’s all-time largest mutual trade agreement.

Businessman Māris Martinsons brought to court. What will the court decide?

Businessman Māris Martinsons has been brought to testify in court. As it is known, he was detained by Corruption Prevention and Combating Bureau on 11 December.

Employers become more open to 3rd level pension contributions

Employers in Latvia have begun making more active contributions to 3rd level pension plans. Residents’ interest towards crating pension savings continues growing, too. Compared to the period of last year, the size of contributions to private pension funds has increased 10% in the first nine months of 2018.

Polish PM to call confidence vote

Polish head of government has voiced plans to call for a confidence vote to test parliamentary support for the ruling Law and Justice party cabinet.

30 searches and 8 detainees in Rīgas satiksme criminal case

In November 2018, Corruption Prevention and Combating Bureau commenced a criminal process in relation to procurements performed by Riga municipality’s SIA Rīgas satiksme. More than thirty searches were performed as part of the criminal process on Tuesday, 11 December.

Lithuania adopts budget, not raising pay to protesting teachers

The Lithuanian Seimas has passed the state budget for 2019, which includes more funds for defence, while not taking into account the funding demands of striking teachers.

Corruption watchdog detains Rīgas satiksme official Igors Volkinšteins

Latvia’s Corruption Prevention and Combating Bureau has detained municipal company Rīgas satiksme’s Infrastructure Maintenance and Development Department’s director Igors Volkinšteins.

Court: Estonia's ruling party fails to avoid repayment of 220 000 euro donation

Centre Party, which is the ruling political force in the Estonian central government and in the capital Tallinn, has failed to overturn a decision that ordered it to repay an illegally received donation of 220 000 euros, according to a ruling of the Estonian Supreme Court.

Minister: Brexit cannot be a reason to reduce cohesion volume for next EU multi-year budget

«Brexit cannot serve as a reason to reduce the volume of direct payments in cohesion and common agriculture policy in the next European Union’s multi-year budget,» says Latvian Foreign Affairs Minister EdgarsRinkēvičs.

British conservatives mobilise for no-confidence vote against PM May

Angered by the decision to defer the Brexit deal ratification vote in the British parliament, fellow members of the British Conservative Party are rallying support for a no-confidence vote to remove Prime Minister Theresa May from power.

Corruption watchdog performs searches at Riga City Council

Latvian Corruption Prevention and Combating Bureau has performed a search at Riga City Council, as confirmed by Riga Vice-Mayor Andris Ameriks.