Latvia, Port, Transport

International Internet Magazine. Baltic States news & analytics Monday, 16.07.2018, 01:53

Cargo turnover at Riga Port down 5.8% in 7 months

BC, Riga, 11.08.2017.Print version
The Riga Freeport in the first seven months of the year 2017 reloaded 19.99 million tons of cargo, which is by 5.8% lower than in the respective period last year, the port reported for LETA.

Bulk cargos accounted for 12.401 million tons of Riga port’s seven-month cargo turnover, up 1.6% against the first seven months of 2016.

Handling of general cargos rose 11.5% to 3.986 million tons, and reloading of liquid cargos fell 33.8% to 3.602 million tons.

According to the port’s information, coal dominated the structure of cargos reloaded in the Freeport of Riga in the seven months of this year. Reloading of coal increased 5.1% year-on-year to 7.365 million tons, or 36.8% of all cargos.

Oil products made up 17.8% of all cargos handled in the port in the seven-month period, followed by container cargos with 12.2%, timber with 8.1% and chemical cargos with 7.2%.

Of the 2.478 million tons of cargo reloaded in the port in July, bulk cargos accounted for 2.478 million tons, general cargos for 624,800 tons and liquid cargos for 286,300 tons.

Riga Freeport Administration reported that 2017 has been very successful in container cargo transportation, including July, which boasted the second largest number of container cargos this year. In the first seven months of this year 245,200 TEU units have been reloaded at the Riga port, up 13.8% from the previous years. Turnover of container cargos in the seven months increased 14.3% year-on-year.

"Infrastructure and capacity of the Riga port allows transportation of all kinds of cargos, allowing to maintain a stable position in the market also in a situation of complicated competition," said Riga Freeport administrator Ansis Zeltins.

In the first seven months of 2016, the Freeport of Riga handled 21.23 million tons, and annual cargo turnover last year was 37.07 million tons, down 5.5% from 2015.

Riga is the largest Latvian port in terms of both cargo turnover and passengers.

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