Search results for: Ventspils

18 results

A list of search results

  • 28 November 2016
    Business & Finance

    Swedish ferry operator Stena Line plans to upgrade its services in Central Europe and Scandinavia by implementing a more frequent ferry timetable and introducing an additional ship due to the rapidly increasing demand for the ferry transport.  The company intends to focus on Northern Baltic Sea region development, aiming at strengthening its market position in […]

  • 13 May 2010

    Three large-scale projects will be implemented at the Port of Ventspils over the next four years, with the total investment in these… [mappress] Source: baltic-course, May 13, 2010;

  • 22 December 2016
    Business & Finance

    Gothenburg-based shipping company Swedish Orient Line (SOL) plans to launch a new, weekly roll on/roll off (RoRo) service between Ventspils (Latvia), Zeebrugge (Belgium) and Tilbury (UK), starting from end-January. The new service is said to expand the company’s activities from its hub in Zeebrugge. “In our existing service on North Finland we have one sailing across […]

  • 21 August 2014
    Business & Finance

    URALCHEM, OJSC, one of the largest producers of nitrogen and phosphate fertilizers in Russia, has become a controlling shareholder in SIA Ventamonjaks. Ventamonjaks is the largest liquid ammonia transhipment terminal in the Baltic Sea. It has an annual capacity of 1 million tonnes and is located in the ice-free port of Ventspils. URALCHEM’s subsidiary, Uralchem […]

  • 31 May 2012
    Business & Finance

    Stena Line acquires five ferry routes between Sweden and Germany to Latvia. The three routes, Travemünde to Ventspils and Liepaja as well as the route Nynäshamn-Ventspils have been acquired from Scandlines GmbH. Moreover, Stena Line has acquired Scandlines GmbH’s vessels and operation on the routes between Trelleborg to Sassnitz and Rostock, which makes Stena Line […]

  • 15 June 2017
    Business & Finance

    Vitol Netherlands has acquired 19.62% of the total voting capital of Latvian Shipping Company (LSC), LSC said citing a notification from energy and commodities company Vitol. This is equivalent to a total of 39,249,118 shares in the tanker shipping company. The sum Vitol paid for the shares was not disclosed. Since 2002, the largest shareholder of LSC has […]

  • 20 October 2014
    Business & Finance

    Sweden’s ferry operator Stena Line is increasing its share in Scandinavian market freight volumes by expanding its services from the Port of Nynäshamn with a new destination, Liepaja in Latvia.  “It is really pleasing that Stena Line wants to grow with us. This will be the twelfth destination possible to reach directly from Ports of Stockholm,” […]

  • 28 August 2015
    Business & Finance

    The solvency of LLC LASCO Investment, a subsidiary of JSC Latvian Shipping Company, has been fully restored after a decision of the Riga City Vidzeme Suburb Court on Monday, August 24. The decision was made following the settlement among company’s creditors and will enable the shipping company to resume to sale of its non-core assets. “Latvian […]

  • 20 January 2015
    Business & Finance

    The Danish-flagged tanker Maersk Etienne and Panama-registered dry bulk carrier Coral Opal collided in Irbe Strait off Latvia, January 18, while performing what the Coast Guard Maritime Rescue Coordination Centre Riga (MRCC Riga) described as ”a dangerous maneuver.” MRCC Riga immediately dispatched a helicopter to carry out a visual inspection for oil leaks, which revealed no pollution to […]

  • 28 August 2015
    Business & Finance

    The solvency of LLC LASCO Investment, a subsidiary of JSC Latvian Shipping Company, has been fully restored after a decision of the Riga City Vidzeme Suburb Court on Monday, August 24. The decision was made following the settlement among company’s creditors and will enable the shipping company to resume to sale of its non-core assets. “Latvian […]

  • 11 June 2019
    Business & Finance

    Norden is conducting a second test voyage with a large ocean-going vessel powered by CO2 neutral biofuel.

  • 28 July 2014

    An improved sentiment prevails in trans-Atlantic Panamax freight rates as demand tightens for tonnage capacity. Several routes saw freight rise, according to Platts’ data, those being Virginia-Rotterdam coal route (improved to $9.25/mt on Friday, up from $9/mt), Alabama-Rotterdam coal route,  also increased and was assessed at $12.75/mt, up from $12.5/mt, Baltic-UK Continent runs with time-charter […]

  • 24 September 2014

    Baltic Ports Organisation (BPO) has decided to initiate another project related to the possible LNG bunkering infrastructure facilities at the ports and possible bunkering vessels in some relevant Baltic Sea Ports and regions, taking into account the experience gained from the LNG projects, the maturity of the global project in the Baltic Sea Region, and […]

  • 10 September 2013
    Business & Finance

    By introducing direct payments to the state budget from Latvian ports’ revenues, implementation of port functions, stipulated by law, will have to be financed from the state budget. That was the conclusion reached by the Ministry of Transport, evaluating operation of Latvian and Estonian port authorities and their funding models. The Ministry of Transport indicates, […]

  • 25 July 2011
    Business & Finance

    Throughout six month of this year Klaipėda Port handled 18,4 million tons of sea born cargo, the overall cargo handling increase reached even 22,6 % if to compare with the corresponding period of the previous year. According to cargo handling turnover in Easter Coast Baltic Ports in the period of January – June of 2011 […]

  • 28 October 2014

    Sentiment remained bullish in the Atlantic Panamax market with tonnage relatively tight, but there were few fresh stems on offer and trading was slow, Platts quoted sources saying Monday. The grain route from New Orleans to Qingdao, China, basis 60,000 mt, was unchanged at USD 44.50/mt. Tonnage remains tight for November 1-10 dates, but this […]

  • 20 October 2014

    Falling bunker fuel prices are putting downward pressure on freight rates for dry bulk and tanker vessels operating in Northwest Europe, Platts quoted market sources as saying. As bunker prices account for 70% of the cost of operating a dry bulk vessel, any significant changes in fuel prices will have a knock-on effect on freight […]

  • 24 September 2014

    Baltic Ports Organization has decided to initiate another project related to the possible LNG bunkering infrastructure facilities at the ports and possible bunkering vessels in some relevant Baltic Sea Ports and regions. Several Baltic Sea key regions have been preliminary identified as areas for a possible development of a common small scale LNG bunkering facilities: Turku, […]