International Internet Magazine. Baltic States news & analytics
Monday, 26.09.2016, 01:33
During the first eight months of this year all Latvian ports together handled 41.104 mln tons of cargo, which was a 13.4% drop from the same period last year, LETA was told at the Transport Ministry.
Keyword tags: Latvia, Port, Statistics, Transport
Estonia's Minister of Economic Affairs and Communications Kristen Michal has asked the chairman of the supervisory board of Port of Tallinn to perform an audit of the procedure of selection of the supplier of fuel for ferries at the Port of Tallinn subsidiary TS Laevad, reports LETA/BNS.
The Estonian government is losing 357 mln euros annually as a result of the fall in transit volumes from their peak levels ten yars ago, while overall the slump in transit is depriving the Estonian economy of 510 mln euros every year, estimates by the Estonian Logistics and Transit Association indicate, reports LETA/BNS.
According to an estimate made on the basis of available data, the amount of money that the Port of Tallinn subsidiary TS Laevad may have to pay for substitute ferries and as a potential fine, 8.6 mln euros, is double the amount it can get from the shipyards building new ferries for it as a fine for delay, writes LETA/BNS accoring to Eesti Paevaleht information.
Litgas, a gas trading company operated of the Lithuanian state-run energy holding Lietuvos Energija (Lithuanian Energy, LE), and Norway's gas extraction company Statoil have agreed on small-scale business model of trade of liquefied natural gas (LNG), which has been subject of negotiations for the past 18 months, reports LETA/BNS.
Russia will halt export of oil products via Baltic ports by 2018, Russian oil pipeline company Transneft President Nikolay Tokarev said during a meeting with Russian President Vladimir Putin on Monday, reports LETA according to Interfax information.
The listed Estonian shipper Tallink Grupp announced that its cruise ferry Baltic Queen, which currently runs on the Tallinn-Helsinki route, will in December return to the Tallinn-Stockholm route, replacing the ferry Romantika which in turn will return to the Riga-Stockholm route, reports LETA/BNS.