International Internet Magazine. Baltic States news & analytics
Thursday, 24.04.2014, 02:41
Estonian logistics and transit sector companies participate this week at the region's most important transport fair TransRussia that takes place on April 22-25 to strengthen existing relations and create new contacts, LETA/Postimees Online reports.
The Transiidikeskuse AS Muuga container terminal handled 61,690 TEU of containers in the first quarter of the year 2014, which was the same level as at the same time in 2013, LETA/Postimees Online reports.
Tougher sanctions on Russia would harm the business interests of several companies trading with our Eastern neighbour but companies have taken that into account and the effect on the Estonian economy as a whole should most likely be smaller than in Latvia, where transit and trade relations with Russia are closer, writes Äripäev/LETA.
Cargo turnover at Latvian ports reached 20.78 million tons in January-March 2014, 9.4% more than in the same period in 2013, the Transport Ministry's Transit Policy Department informed Nozare.lv, cites LETA.
In 2013, the Top 10 Baltic container ports handled 7.82 mln TEU, about 3.1% more than in 2012. Half of the top ten ports reported an increase (Gdańsk, Gdynia, Klaipeda, Riga, Helsinki). The author of the “Port Monitor” analysis is Monika Rozmarynowska, consultant at Actia Consulting Department Assistant at the Gdynia Maritime University.
The heads of the North Estonian Sillamäe Port hope that the tense relations between the European Union and Russia won't curb the development of the port since the port would gladly service a passenger shipping line between Estonia, Finland and Russia, reports LETA, referring to the local Põhjarannik newspaper.
The North East Estonian Sillamäe and Kunda ports are interested in restoring the ship connection with South East Finnish town Kotka, hoping that it would have a positive effect on the development of both regions, LETA/Public Broadcasting reports.