Cargo ports of Estonia raise the alarm
Publishedо 16 January, 2018
Strained Russia's relations with the Eurozone lead to almost disappearance of the existing system of cargo transportation through the Baltic sea. The bulk of cargo now goes to the ports of St. Petersburg, Primorsk and Ust-Luga. It is expected that this figure will reach 100% by 2020.
"Baltic Association – transport and logistics" provides data on the losses in the Baltic region due to the redirection of the Russian transit. This amounts to several hundred million euros. For example, the turnover of the Tallinn port, as the largest one in Estonia, is falling for the third consecutive year, and in 2017 the transshipment volume declined by more than 7%. Given the fact that logistics brings up to 9% of GDP, the fall speed becomes critical.
These and other factors are forcing the market participants to discuss the industry issues at the state level. So, at the end of last year a meeting of the joint transport Committee with the Russian Federation was convened, largely thanks to the port operators activities.
Source: новости-мира.ru-an.info
"Baltic Association – transport and logistics" provides data on the losses in the Baltic region due to the redirection of the Russian transit. This amounts to several hundred million euros. For example, the turnover of the Tallinn port, as the largest one in Estonia, is falling for the third consecutive year, and in 2017 the transshipment volume declined by more than 7%. Given the fact that logistics brings up to 9% of GDP, the fall speed becomes critical.
These and other factors are forcing the market participants to discuss the industry issues at the state level. So, at the end of last year a meeting of the joint transport Committee with the Russian Federation was convened, largely thanks to the port operators activities.
Source: новости-мира.ru-an.info
