Transport

International Internet Magazine. Baltic States news & analytics Friday, 22.11.2019, 18:29

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Estonia: East Capital acquires logistic park near Riga airport for EUR 19 mln

Estonia: East Capital acquires logistic park near Riga airport for EUR 19 mln

22.11.2019

East Capital's third real estate fund has acquired a logistic park near Riga International Airport from specialist developer Piche for 19 mln euros, reported LETA.

Keyword tags: Estonia, Good for Business, Investments, Latvia, Logistics, Real Estate, Transport



5 companies interested in gas trade via Klaipedos Nafta's LNG station in Lithuania

5 companies interested in gas trade via Klaipedos Nafta's LNG station in Lithuania

22.11.2019

Five companies have expressed their interest in trading LNG via a small-scale LNG distribution station operated by Klaipedos Nafta, the operator of the LNG terminal in Lithuania, and develop this market, reported LETA/BNS.

Freight handling by Estonian ports down 4.9% on year in October

Freight handling by Estonian ports down 4.9% on year in October

21.11.2019

Estonian ports handled some 3.2 mln tons of cargoes in October, 4.9 % less than in the same month last year, data available from Statistics Estonia show.


airBaltic carrier reports 22% rise in passenger numbers for ten months

airBaltic carrier reports 22% rise in passenger numbers for ten months

20.11.2019

Latvia's airBaltic national carrier flew 4.345 mln passengers in the first ten months of 2019, which is an increase of 22% against the same period last year, the company informed LETA.

Veho sells Citroen operations in the Baltics

Veho sells Citroen operations in the Baltics

20.11.2019

Veho is selling its Estonian subsidiary Veho Eesti AS to Auto-Bon Oy which is part of Bassadone Automotive Nordic -group. The buyer imports Citroën to the Baltics and is a Citroën and Honda retailer in Estonia. The acquisition is a logic step in Veho’s strategy, which focuses on the growth through Mercedes-Benz products in Finland, the Baltics and Sweden.


20.11.2019

Finnair to make Helsinki-Sapporo year-round route

As part of its strategy of sustainable profitable growth, Finnish carrier Finnair is extending the operating season of its newly announced Sapporo route to year-round operations, informed LETA/BNS.

20.11.2019

Lithuanian cabinet to decide on guarantee to back NIB loan to Klaipedos Nafta

The Lithuanian Cabinet is to consider on Wednesday issuing a state guarantee on the Nordic Investment Bank's 135.5-million-euro loan to Klaipedos Nafta that will help spread the costs of operating the Klaipeda liquefied natural gas (LNG) terminal over a longer period of time, informed LETA/BNS.

19.11.2019

Estonian firms plan to further use Lithuanian LNG terminal

The new chief executive officer of Klaipedos Nafta says the state-controlled oil and liquefied natural gas (LNG) terminals operator must be flexible, offer the widest possible range of services and invest in innovation to remain competitive, reported LETA/BNS.

19.11.2019

Finland's Itella Logistics plans expansion in Lithuania

Itella Logistics, a company controlled by Finland's state-owned Posti Group, is planning to expand its operations in Lithuania, accorigin to the business daily Verslo Zinios information reported LETA/BNS.

15.11.2019

The Baltic Sea – A new pioneer in sustainable shipping?

The Baltic Sea Region is perhaps more closely linked to shipping, the sea and maritime industries than any other region in the world. The cities and States around the Baltic Sea are also bound together by maritime trade routes, culture, governance networks and, inevitably, the waves of future.

14.11.2019

Study recommends full air-rail integration for Rail Baltica

The Rail Baltica joint venture, RB Rail, has delivered a study evaluating the essential features and requirements for the integration of airport passenger traffic with the Rail Baltica high-speed railway infrastructure.

13.11.2019

Elenger starts delivering natural gas from the Lithuanian vessel Independence

Elenger signed a contract with the company Klaipedos Nafta, which operates the Klaipeda terminal in Lithuania, to start purchasing LNG via a floating terminal Independence in Klaipeda and transferring it to the natural gas network, the Elering representatives informed BC.

12.11.2019

Riga port sees cargo turnover drop 8.7% in ten months

During the first ten months of 2019, the Freeport of Riga handled 27.315 mln tons of cargo, which is a reduction of 8.7% against the same period a year ago, according to information released by the port.

11.11.2019

Baltic Ground Services to invest EUR 30 mln in electric buses

Baltic Ground Services (BGS), which is part of the Lithuanian-owned, Warsaw-listed aviation business group Avia Solutions Group, is set to invest 30 mln euros in electric buses at airports, informed LETA/BNS.

11.11.2019

Expert: in timber logistics, Brexit may even offer new possibilities for Latvian businesses

The UK is one of Latvia’s most significant export partners, and shipments to British ports generate a large share of turnover at the Port of Riga. During the first nine months of this year, cargo turnover between Riga and UK ports amounted to 2.5 million tonnes or more than 10% of the total cargo turnover at the port, informed Riga Freeport press service.

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