Cargo turnover of the Baltic Sea east coast ports
After analysis of the Baltic Sea east coast ports turnover in 2012, it becomes obvious that our Baltic neighbours: Estonia (Port of Tallinn) a decrease of 19.2% and Lithuania (Klaipeda) a decrease of 3.7% and Butinge decline of 4.6%, have lost between the Baltic ports competition and cargo from these ports is directed to the Latvian main ports and Russian (Ust-Luga port), which is a potential competitor of the Latvian ports as well. Appropriate regular market monitoring and risk analysis of the port management authorities should be made to maintain present historical peak loads and develop further increase within turnover.
Speaking of 2013 year, clearly the goal of all three Latvian ports is to keep the cargo turnover, especially in terms of Ventspils and Liepaja, Riga port case, an increase of 3% is feasible and achievable goal.
Definitely the success lies within port management decisions and investments made throughout previous three to four years. Today, the positive contribution of Latvian ports and railway sector to the national GDP is evident and further growth of overhaul transport segment will be accompanied in more jobs and taxes paid to the state budget. Joint cooperation of port authorities, Latvian railway concern, Ministry of Transport and Communications and the Prime Minister’s approach in supporting the transport sector and cooperation of involved associations in a long-term provides a solid foundation for cooperation and growth, the sense that everything is based on mutually beneficial and calculation-based relationship, not empty promises stuffed pockets is the fundamental principle of success story in Latvia.
Within Baltic States, Latvia is and will be economically advantageous shipping hub in East- West direction, only thoughtless policy decisions can affect the flow of goods and a further increase in financial benefits for both parties involved are clear.
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