Energy, Good for Business, Latvia, Oil, Transport

International Internet Magazine. Baltic States news & analytics Thursday, 25.04.2024, 15:55

Fuel oil transhipments at Ventbunkers increased by 86% in H1

Alla Petrova, BC, Riga, 04.07.2012.Print version
The Latvian transhipment company JSC Ventbunkers has measured its transhipment performance in the first 6 months of 2012. According to its results, in the first six months of 2012 the company transshipped 1,525,934 tonnes representing an increase of 34% compared to the same period a year ago. The fuel oil transhipment volumes have increased by 86% according to Olafs Berķis, the chairman of the supervisory council of JSC Ventbunkers.

As it has been reported before – since the end of the last year when the management appointed by the owners of JSC Ventbunkers regained the control of the company, the company's turnover, profit and taxes paid figures have grown rapidly, informed BC Ventbunkers’ press officer Mārcis Krastiņš.

 

The company has entered into a new diesel transshipment agreement holding hope for a further growth of volumes in the future and securing a guaranteed income growth of 25% to the company. 

 

The performance has improved in other areas JSC Ventbunkers operations, too. Furthermore, the company’s investment programme for 2012 has been approved. Boosting of operations and competitiveness will be sought through a planned investment of 2 million lats which is considerably higher compared to prior years. Much effort is being put into the improvement of the fuel oil discharge technology aimed at reducing the costs and transshipment volumes in winter period.

 

The JSC Ventbunkers has started market research and a technology audit aimed at restarting ship bunkering at the Ventspils Port.





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