"Latvia Shipping Report Q4 2015" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Fri Oct 09 2015

Latvia's port of Riga, the country's top facility in terms of both total tonnage and box throughput, is forecast to continue growth in 2015, after a double-digit increase in tonnage and continued, though more moderate, growth in container throughput over the past year. Riga's total tonnage is still being supported by high transit volumes of oil products and dry bulk, while its stable position in terms of box throughput is enhanced by a robust increase in volumes over the last five years. We expect further throughput growth at the port of Riga over the medium term. At the same time , Ventspils, the country's second - largest port in terms of total throughput, will struggle to resume growth after having suffered two years of decline in freight volumes in 2013-2014.

Headline Industry Data

2015 port of Riga tonnage throughput forecast to grow 2.8%, over the medium term we project a 9.8% increase.
2015 port of Riga container throughput forecast to grow 0.6%, over the medium term we project a 7.5% increase.
2015 total trade growth forecast at 1.5%.

Full Report Details at
- http://www.fastmr.com/prod/1055780_latvia_shipping_report_q4.aspx?afid=302

Key Industry Trends

Fighting for Transits and Investment: Latvia is continuing its attempts to attract additional foreign investment and freight transits into its port sector, trends which were underlined during the spring by a delegation of investors from India visiting the port of Riga, as well as the Belarusian Oil Company (BOC), which signed an agreement of intent aiming to organise the transhipment of Belarusian oil products via the port. In addition, Latvia's transport minister has reiterated that the country is open to Chinese investment into its transport sector, including port infrastructure.

The Latvia Shipping Report has been researched at source and features latest-available data and BMI Research's independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Latvia.

BMI's Latvia Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Latvia.

Key Benefits

* Benchmark BMI's independent shipping industry forecasts for Latvia to test other views - a key input for successful budgeting and strategic business planning in the Latvian shipping market.
* Target business opportunities and risks in Latvia through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

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You may also be interested in these related reports:

- Hong Kong Shipping Report Q4 2015
- Oman Shipping Report Q4 2015
- Russia Shipping Report Q4 2015
- Brazil Shipping Report Q4 2015
- Vietnam Shipping Report Q4 2015

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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