Port turnover of Latvia’s neighbours up 9%; Latvia suffers 2% decline
«Total turnover of Russian ports has grown to 787 million tonnes, according to data from Russian Federal Agency for Marine and River Transport. Compared with 2016, stevedores of Latvia’s neighbouring countries serviced 7.2% more liquid cargoes, with their volume reaching 414 million tonnes. The total volume of bulk cargoes, on the other hand, has increased by 11.1%, and now reaches 373 million tonnes,» as reported by Dienas Bizness journalist Egons Mudulis.
Arctic freight volumes have grown by 49.1% – to 74.2 million tonnes. This includes bulk cargo turnover has increased 9.5% – to 29.21 million. Liquid cargoes have grown 94.5% – to 45.08 million tonnes. Azov-Black Sea basin ports experienced 10.4% increase – to 265.5 million tonnes. This includes 12.4% increase for bulk cargoes (to 118.4 million tonnes) and 8.9% increase for liquid cargoes (to 151.1 million tonnes). Meanwhile, Caspian Sea ports experienced a 34.1% decline, whereas freight turnover of Eastern Basin sea ports increased by 3.3% (to 191.8 million). This includes bulk cargo volume growth of 5.8% (to 117.5 million) and a 0.3% decline of liquid cargoes (to 74.3 million), said Mudulis.
‘Freight turnover of Latvia’s neighbouring countries in the Baltic Sea basin has grown 4.6% (to 247.5 million tonnes), which included 105.1 million tonnes of bulk cargoes, which is 17.1% more when compared with 2016. Turnover of liquid cargoes, on the other hand, have declined 3% (to 142.4 million),’ said the journalist.
The situation is not very optimistic for freight turnover of Latvian ports, according to data from Transport Ministry.
Last year, this index dropped 2%. Volumes of bulk cargoes grew 1.7% to 33.36 million, whereas volumes of chemical bulk cargoes (mineral fertilizers) experienced a decline of 17% to 2.73 million. Wood chip volumes grew 12.9% when compared with 2016, reaching 1.47 million tonnes. Although coal volumes have grown 5.2% to 17.59 million, market conjuncture remained weaker because of Russian government’s decision to divert all cargoes to its own ports, Dienas Bizness writes. «Because of that, bulk cargo freight indexes turned out the lowest in the past seven years. An increase was also registered for the general cargoes segment – by 7.1%. There was also an increase in the number of container and Ro-Ro cargoes: +13.7% and +14.6% respectively. Growth of bulk cargoes was lower than the decline of liquid cargoes, where the volume of oil products declined by 13.9% to 16.11 million tonnes. Meanwhile, the largest ports in Kurzeme experienced growth of cargo turnover, whereas the capital experienced a decline,» as concluded by Dienas bizness. Liepaja port experienced a 16% increase, mainly thanks to the increase of coal cargoes. Ro-Ro and wood cargoes also contributed a lot. Ventspils port experienced 6.5% growth. However, it is the second lowest index since the restoration of Latvia’s independence. Total cargo volume growth of Kurzeme ports was below the decrease experienced by Riga, where the decline was 9.2%. The increase for container cargoes (+13.5% to 4.61 million tonnes) and Ro-Ro cargoes (+64.8 to 0.43 million tonnes) was below the decline of chemical bulk cargoes (-14.9% to 2.39 million tonnes) and coal (11.4% to 11.78 million), as well as oil products (-30.3% to 5.65 million tonnes) segments. Freight declines were also registered for LDz system, where a decline of 8.4% to 43.79 million tonnes, including a transit volume decline of 11.3% to 35.04 million tonnes.