International Internet Magazine. Baltic States news & analytics
Saturday, 30.07.2016, 16:01
Latvijas Tilti construction company and Lithuanian company Borta have signed a construction agreement with the Klaipeda’s State Seaport Authority about the completion of construction works at Malku Bay, the company said in a statement to the Nasdaq Riga stock exchange.
Keyword tags: Construction, Good for Business, Latvia, Lithuania, Port
The port of Klaipeda in Lithuania reported the highest cargo turnover among Baltic ports for the first half of 2016, having reloaded 19.9 mln tons of cargo, up 5.7% against the same period last year, the ports’ data shows, reports LETA.
The state-owned Estonian port company Port of Tallinn is about to issue bonds worth 80 mln euros in September to finance the acquisition of brand new ferries for island routes, and the entire issue will be subscribed for by Swedbank as investor, writes LETA/BNS.
In the first half of 2016, Latvian ports reloaded 31.7 million tons of cargo, down 15.1 percent from the same period in 2015, the Latvian Transport Ministry said, writes LETA.
The USS Independence II, delivering several UH-60 Black Hawk helicopters and other U.S. military equipment to Latvia, arrived in the port of Riga this week, LETA was told at the port.
Latvian Transport Minister Uldis Augulis (Greens/Farmers) and Ning Jizhe, Vice-Chairman of China’s National Development and Reform Commission, have approved a draft memorandum on comprehensive Latvian-Chinese cooperation in transport and logistics that is to be signed during the 16+1 summit of the heads of government of China and 16 Central and Eastern European countries in Riga in November this year, according the Latvian Transport Ministry information writes LETA.
This week’s visit of China’s holding China Merchants Group (CMG) to the Riga port gives hope that CMG is seriously considering a possibility of transportation of cargos from its Great Stone logistics center in Belarus via Riga port, said the Riga Freeport deputy administrator Edgars Suna, informs LETA.