The first ship carrying Latvia’s strategic oil reserves arrived at the Freeport of Riga on 2 December 2024, the Ministry of Economy announced, LETA reports. Economy Minister Viktors Valainis said that the state would purchase 20% of the required reserves annually. The state would thus be in possession of 100% of the oil reserves in…
The Latvian government will invest an additional EUR 47mn in the state-owned railway company, Latvijas Dzelzcels (LDz), LSM reports. The capital will allow the company to pay all its tax debts and some outstanding bills for services. The state has invested EUR 95.6mn in LDz since 2020 to prop up the company’s finances. LDz has…
The Maltese-flagged ship, Ruby, carrying a cargo of ammonium nitrate from Russia, is no longer headed for Lithuania’s port of Klaipeda, BNS reports. Algis Latakas, CEO of Klaipeda State Seaport, announced that the ship had removed Klaipeda as its final destination at the port’s request. He said that the ship would name its new destination…
Estonia and Finland are drawing up joint plans for increased maritime defence, Major General Andrus Merilo, commander of the Estonian Defence Forces (EDF), revealed, ERR reports. Speaking in an interview with Helsingin Sanomat, Merilo said that the goal was to establish specific plans to close the Gulf of Finland to Russian ships if necessary. Earlier,…
German ferry operator TT-Line has opened a new direct ferry route between Travemünde and the Lithuanian port of Klaipeda, BNS reports, citing local newspaper Vakaru Ekspresas. The ferry will run on the route once a week. TT-Line now operates altogether seven ferries from Klaipeda: three each to Trelleborg and Karlshamn in Sweden, and now one…
Lithuania will not allow a Maltese-flagged ship carrying ammonium nitrate from Russia to dock at the port of Klaipeda for repairs, Prime Minister Ingrida Simonyte announced, BNS reports. The vessel requested permission to enter the port to unload its cargo of 20,000 tonnes of ammonium nitrate and carry out repairs by a company in Klaipeda….
The cargo turnover of Latvian ports totalled 17.9mn tonnes in the first half of 2024, which was 11.4% less than in the same period of 2023, according to data from the Central Statistical Bureau (CSP), LSM reports. The total volume of outgoing freight amounted to 13.5mn tonnes (up 2.3%) and incoming freight to 4.4mn tonnes (down…
The volume of freight carried by road increased in Latvia, while the volume of rail, sea, and air freight decreased in the first half of 2024, according to the Central Statistical Bureau (CSP), LSM reports. Freight carried by land transport totalled 40.9mn tonnes in six months, which was 2.0% less than a year earlier. Road freight…
The number of passengers using land and air transport increased in Latvia, while the number of ferry passengers declined in the first half of 2024, according to data from the Central Statistical Bureau (CSP), LSM reports. Passengers using land transport totalled 94.7 million in six months, which was up 1.6% from the same period of 2023….