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…