The Latvian Shipping Company and its subsidiaries (LSC Group) revenue for Q2 2016 was $50,08 million ($45,81 million in Q2 2015) with a stable net voyage result for the period of $44,92 million, the company said in its press release. The net loss for Q2 2016 was $6,66 million. Fleet operating profit was $30,17 million…
In January-July Klaipeda Seaport cargo handling turnover increased by 4,2% YoY, to 23.15 million tons, or by 933,3 thousand tons, says the port’s press center. According to the rankings of the change of cargo throughput estimated in percent (4.2%) and the increase of cargo handling volumes estimated in tons (933.3 thousand tons) Klaipeda Seaport occupied…
Russia’s second-biggest airline group, S7 Airlines, reported its traffic increased by 29.5% YoY in July, while Aeroflot Group’s July traffic was up by 5.4% YoY. Working under the S7 brand, airlines Sibir and Globus carried 1.5 million passengers in July. Aeroflot and its subsidiaries carried 4.4 million passengers. Aeroflot Group includes Russian flag carrier Aeroflot,…
High-level officials from Estonia, Latvia and Lithuania on August 11, met in Riga to discuss the Intergovernmental Agreement between the states on Rail Baltica railway project implementation. According to Lithuania’s Ministry of Transport and Communications, it was the second round of consultations, after the first on held at the beginning of June. Representatives covered a…
Eurowings will terminate its Russian services at the end of the current summer season. A source said that its daily Berlin Tegel-Moscow Domodedovo route, launched in October 2015, had not lived up to expectations in terms of demand and revenue. The budget brand of the Lufthansa Group, Eurowings offers regular flights across Europe, as well…
As part of the Technical Upgrading and Revamping Program, Transneft – Kozmino Port got down to two 100,000 square meter tank construction at the tank farm. A floating roof will be used in high tech structures of the new tanks, just as in other tanks with a similar volume, being operated in the tank farm…
The Asian Development Bank (ADB) has postponed the consideration of allocating a $200 million loan for implementation of the International North-South Transportation Corridor project, as well as for development of Azerbaijan’s railway sector, till the next year, said an ADB message. Earlier, the bank’s management planned to hold the project’s overview on December 12, however,…