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International Internet Magazine. Baltic States news & analytics Thursday, 18.10.2018, 23:33

Klaipeda port's cargo traffic in November hits new record high

BC, Vilnius, 15.12.2017.Print version
Cargo traffic at the Lithuanian seaport of Klaipeda in November 2017 surpassed the 4-million-ton monthly mark for the first time ever, with growth recorded in all key cargo segments, the port's CEO said on December 14th, cites LETA/BNS.

"We have a unique record: we crossed the 4-million-ton monthly mark for the first time. This is a big jump compared with 3.5 million tons we handled a year ago," Arvydas Vaitkus said at a news conference.


The port handled a total of 39.219 million tons of cargo in January through November 2017, up 6.5% from 36.815 million tons in the same period last year. In November alone, cargo volumes rose by 16.2% year-on-year to 4.096 million tons.


"We had poor weather in October and November, and it was difficult to handle fertilizers and grain on individual days. We have 6.5% growth for eleven months, which puts us on track to achieving a new annual record," he added.


According to the CEO, annual cargo traffic at the port is expected to total 42 million tons this year.


Klaipeda port posted a net profit of 25.356 million euros for three quarters of this year, up 0.3% from 25.3 million euros in the same period last year.


Total revenue increased by an annual 4.4% to 44.262 million euros, the port authority said in its performance report for the three quarters.


Revenue from port dues rose by 4.3% to 38.623 million euros and revenue from land fees went up by 4.6% to 5.519 million euros.

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