Port turnover of Latvia’s neigh­bours up 9%; Latvia suf­fers 2% de­cline

Baltic News Network - - News -

«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.

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