Latvia growing via German ports
(Posted on 11/09/18)
In the first quarter of 2018, Latvia recorded the strongest real growth among European states. The seasonally adjusted rise of 5.1 percent has attracted positive interest. The reason for the good economic situation is strong domestic demand, driven by EU funded major projects, and greatly consuming private households. Goods flows in the Baltic States move not least of all via the Ports of Lübeck and Hamburg. Just how closely the German economy is linked to this Baltic state was showcased at an event in Liepaja, Latvia initiated by Port of Hamburg Marketing jointly with the Ports of Lübeck and Liepaja, as well as Stena Line.
In his address, Kaspars Ozoliņš, state secretary in the Latvian transport ministry, stressed: “Relations between Latvia and Germany have always been close, based on open dialogue and trustworthy cooperation. Germany is one of Latvia’s most important strategic economic and trade partners, and our partnership is continually developing.” Ingo Egloff, Joint CEO of Port of Hamburg Marketing elaborated how important the Baltic Region, with the upcoming Baltic States, is for the Port of Hamburg: “In the rankings of the most important trading partners for the Port of Hamburg, ‘supposedly little’ Latvia plays a significant role.” A dense network of feeder liner services excellently connect the Baltic State to Hamburg’s overseas port.
The Port of Lübeck, too, with its ferry service to Latvia run by Stena Line is considered as an important pooling hub for goods flows between Germany and Latvia: “For the services to the Baltic States and Russia, Latvia, and more specifically Liepaja, is an important strategic partner. We are taking real steps to further strengthen the Lübeck – Liepaja axis,” emphasized Sebastian Jürgens, CEO of Lübecker Hafen-Gesellschaft.
“We are looking forward to continue to grow our partnerships, business and freight volumes on the Travemunde-Liepaja route”, said Oskars Osis, Stena Lines Freight Commercial Manager for Baltic Sea North.
In his address, JÄnis Lapiņš, CEO of Liepaja Special Economic Zone Authority, emphasized the pleasing development of the Zone that belongs to the port. The Port of Liepaja has a major share of local freight, making up 40 percent of total cargo volume. Apart from the well-established ferry and Ro-Ro traffic, in the Port of Liepaja there is a considerable handling volume of German cargo.
This event for Latvian and German representatives from the worlds of business and politics aimed at strengthening existing relationships and to prepare the way for further developments between the ports and the business partners. For Marina Basso Michael, Head of market development Baltic Region/Eastern Europe at Port of Hamburg Marketing – HHM, this meeting was the next step after a successful event almost two years ago in Riga: “Mutually shared information leads to more cooperation between trading partners. German and Latvian businesses and ports profit equally,” stated Marina Basso Michael. “Latvian logistics profits from the transit traffic with Russia and the other CIS states, making a major contribution to the national gross value-added.”
Latest News
Euroports secures long-term future in Venice with 25-year deal
(Posted on 31/03/25)Euroports has announced the renewal of the concession for Terminal Rinfuse Venezia (TRV) at Porto Marghera... Read more
Panama Canal promotes sustainable maritime shipping with NetZero Slot
(Posted on 27/03/25)Contributing to the commitment of achieving net zero emissions by 2050, the Panama Canal authority has... Read more
Saguenay Port brings electric-driven Konecranes Gottwald MHC to Canada
(Posted on 27/03/25)The Saguenay Port Authority in Quebec has ordered a Konecranes Gottwald ESP.6B Mobile Harbor Crane for... Read more
Cas König joins North Sea Port as new CEO
(Posted on 18/03/25)North Sea Port Supervisory Body has appointed Cas König as the port authority's new CEO. Kö... Read more
Inspirational leader, Trois-Rivières Port President and CEO, Bovin to retire this year
(Posted on 12/03/25)After 19 years at the helm of the Port of Trois-Rivières and a career rich in major projects,... Read more
State-of-the-art cranes for Egyptian multipurpose cargo terminal
(Posted on 06/03/25)Abu Dhabi based AD Ports Group, an enabler of integrated trade, transport and logistics solutions, has... Read more
Call for swift implementation of Europe’s Clean Industrial Deal
(Posted on 01/03/25)The Port of Rotterdam and Port of Antwerp-Bruges have welcomed the Clean Industrial Deal, through which... Read more
Canadian Government invests $87.1M in Trois-Rivières Terminals project
(Posted on 28/02/25)The Canadian Port of Trois-Rivières is delighted to have received major funding of $87.1 million... Read more
Katoen Natie invests in four all-electric Konecranes Gottwald MHCs
(Posted on 15/02/25)Belgian logistics giant Katoen Natie has ordered four all-electric Konecranes Gottwald Mobile Harbor... Read more
AD Ports reports another year of record results
(Posted on 14/02/25)AD Ports Group, Abu Dhabi based enabler of integrated trade, transport and logistics solutions, has... Read more
