The total volume of freight transported in Latvia by all means of transport decreased in the first half of 2023, according to data from the Central Statistical Bureau, LSM reports. Cargo carried by land and pipeline transport totalled 41.8mn tonnes, which was 16.5% less than a year earlier. The volume of road freight alone amounted…
Latvia’s state-owned railway company, Latvijas Dzelzcels (LDz), carried 7.746mn tonnes of rail cargo in the first half of 2023, which was 36.7% less than in the same period of 2022, LETA reports. The volume of international freight amounted to 7.041mn tonnes (down 39.2%), while domestic freight doubled to 705,000 tonnes. LDz board chairman Rinalds Plavnieks…
Estonia’s state-owned port operator, Port of Tallinn (Tallinna Sadam), generated sales revenue of EUR 57mn in the first half of 2023, which was almost unchanged from a year earlier, ERR reports. The port’s adjusted EBITDA fell by 12% from a year earlier. Net profit stood at EUR 7mn, which was down 42% over a year….
The Estonian shipping group, Tallink Grupp, posted unaudited revenue of EUR 400.9mn in the first half of 2023, which was up 28.4% from EUR 312.2mn in the same period of 2022, GlobeNewswire reports. Six-month EBITDA amounted to EUR 95.6mn (EUR 17.7mn) and net profit to EUR 28.0mn (EUR 40.7mn). In the second quarter of 2023,…
The cargo turnover of Latvia’s sea ports totalled 3.4mn tonnes in the first half of 2023, which was 14.2% less than in the same period of 2022, according to data from the Ministry of Transport, Baltic News Network reports. The Freeport of Riga handled 9.6mn tonnes of freight, followed by the Freeport of Ventspils with…
Lithuania’s state-owned rail freight operator, LTG Cargo, plans to buy electric locomotives for around EUR 100mn to transport cargo between Vilnius and the port of Klaipeda, Baltic News Network reports. The company has launched an international public procurement procedure for the purchase of the electric locomotives, technical maintenance, and supply of spare parts for at…
Estonian shipping company Tallink Grupp carried a total of 1,541,081 passengers in the second quarter of 2023, which was down 0.7% from 1,552,174 in the same period of 2022, The Baltic Times reports. The drop was mostly due to the fact that the company has chartered out 7 of its 15 vessels. Tallink transported 85,359…
Lithuania’s state-owned railway company, Lietuvos Gelezinkeliai (LTG), generated revenue of EUR 434.1mn in 2022, which was down 6.7% from EUR 465.1mn in 2021, LRT reports. The company’s annual net profit amounted to EUR 1.2mn, which was down almost 20 times from EUR 23.5mn a year earlier. LTG’s freight volume totalled 31mn tonnes in 2022, which…
Latvia’s state-owned rail freight operator, LDz Cargo, has opened a branch in Estonia, DELFI reports. The new branch employs four people. The company’s strategic objective is to enter new markets and increase its rail freight volume to boost revenue. LDz Cargo began providing freight transportation services in Estonia in January 2023. The company has an…