International Internet Magazine. Baltic States news & analytics
Friday, 13.12.2019, 16:32
The Lithuanian Cabinet approved on Wednesday a general development plan for the seaport of Klaipeda, reported LETA/BNS.
Keyword tags: Cargo, Good for Business, Lithuania, Port, Transport
During the first 11 months of 2019 the Freeport of Riga received 805,546 ship passengers, down 0.5 % from the same period a year ago, according to information available on the port’s website.
LG Cargo, the cargo transportation subsidiary of the state-owned railway company Lietuvos Gelezinkeliai (Lithuanian Railways), plans to carry around 30 mln tons of cargoes of Achemos Grupe (Achema Group) operating a fertilizer plant, trade companies, the largest handling company in the port of Klaipeda and other businesses, over the next three years, LG said.
During the first 11 months of 2019, the Freeport of Riga handled 30.041 mln tons of cargo, which is a reduction of 9.4% against the same period a year ago, according to information released by the port, reported LETA.
LDz Cargo, the rail freight shipping subsidiary of Latvijas Dzelzcels (Latvian Railways) national rail company, turned over EUR 188.288 mln in the first nine months of 2019, which is a decrease of 6.5 percent against the respective period a year before, while the company’s profit was 4.7 times higher and came to EUR 818,263, according to information released by the company reported LETA.
Data of the Central Statistical Bureau show that, compared to the nine months of 2018, during the nine months of 2019 the freight traffic with road and pipeline transport has decreased by 7.1%. 88.5 mln tons of the freight was carried in transport by land and pipeline, which is a drop of 6.7 mln tons (7.1%) compared to the year before.
Lithuania's state-own railway company Lietuvos Gelezinkeliai (Lithuanian Railways, LG) should post over 50 mln euros in profit this year, just as it did last year, its CEO Mantas Bartuska says.