Klaipeda and Riga
ports handle largest cargo volumes in Baltics in 4 months
BC, Riga, 02.06.2014.
In the first four months of the year, the freeports of
Klaipeda and Riga outmatched their Baltic rivals and handled the largest cargo
volumes in the Baltic States, according to statistics from the largest Baltic
ports, cites LETA/Nozare.lv.
The Port of Klaipeda handled 13.99 million tons of cargo,
8.5% less than a year ago.
In the first four months of the year, Freeport of Riga
handled 13.98 million tons of cargo, 21% more than in January-April 2013, the
second highest figure across the Baltic States.
The Freeport of Ventspils handled 11.45 million – a 3.9%
decrease on last year.
Meanwhile, the Port of Tallinn handled 10.6 million tons – a
3% increase.
The Port of Liepaja was the fifth largest Baltic port in
terms of cargo turnover in the first four months of the year with 1.74 million
tons, which was 7.2% more than last year.
Ventspils nafta group
completes Q1 with a profit of EUR 10.81 mln
BC, Riga, 02.06.2014.
Joint-stock company Ventspils nafta and its subsidiaries
finished the first quarter of this year with a net profit in the amount of EUR
10.81 million, which is 53.1% more than in the first quarter of 2013, when it
was EUR 7.06 million, writes LETA/Nozare.lv.
In turn the consolidated income in the reporting period was
EUR 47.38 million, the company informed the Riga Stock Exchange.
The income of Ventspils nafta terminals Ltd increased by EUR
2.67 million to EUR 24.94 million, the reason for that was a slight rise in
petroleum product transshipment volumes to 3.44 million tons. Net profit reached
EUR 3.6 million.
Income of LatRosTrans Ltd in the reporting period was EUR
5.1 million, in turn net profit was EUR 1.77 million. The company reloaded 1.76
million tons of petroleum products in the first quarter of this year.
The total income of joint-stock Latvijas kugnieciba and its
subsidiaries was USD 23.66 million, in turn net profit was USD 7.26 million.
The management of joint-stock Ventspils nafta points out
that in the first quarter of this year the group’s companies reached the
expected income and profit forecasts.
Port of Tallinn will
pay giant dividends for 2013
BC, Tallinn,
30.05.2014.
The Estonian state will this year take nearly EUR 53 million
as dividends and income taxes from Tallinna Sadam (Port of Tallinn), which has
experienced considerable turnover growth; the sum exceeds the previous year's
harvest by nearly two times, LETA/Postimees writes.
The major dividend income was the result of growth of
turnover, which in 2012 was EUR 89 million and in 2013, nearly EUR 102 million.
The increase is surprising because the port's freight volumes fell by almost a
quarter in two years, while last year the fall was 4%.
The net profit was 39.6 mln euros versus EUR 32.8 million in
2012.
The extraordinary result of the state-owned company that
yesterday revealed its annual report was achieved thanks to changing the
business model, following the example of Port of Rotterdam, which does not act
a so-called transit pump, but as a distribution and processing centre.
"The new business model gained impetus when Russian
President Vladimir Putin and Byelorussian President Alexander Lukashenka had a
fight in 2009 and Byelorussia imported crude oil bought from Venezuela, for two
and a half years through Muuga Port, "said Chairman of the Port of Tallinn
Ain Kaljurand.
"Unlike our terminals, other ports of the Eastern coast
of the Baltic Sea, Klaipeda, Ventspils and Riga, were unable to change the
direction of flow of their oil pumps," he said.
Last year, the volume of cargo passing through the port of
Tallinn decreased by 1.2 million tons (4.2%), respectively, to 28.2 million
tonnes. The biggest decline was posted by bulk and liquid cargo, which shrunk
by a fifth. Freight provides the lion's share of turnover and profits of Port
of Tallinn – 45%. Nearly the same amount of revenue is received from the growing
passenger traffic.
The most successful investment was the Botnica icebreaker,
purchased two years ago, which earned a half of Port of Tallinn revenue and
profit growth of last year, said Kaljurand.
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