#ldz

Russia plans to halt exports of oil products through Baltic ports

Latvian Latvijas Dzelzceļš is preparing for the moment when Russian Transneft will halt transit of oil products through Baltic ports until 2018, LDz manager Edvins Berzins said in an interview to Rīta Panorāma programme on Tuesday, 13 September.

The news about Transneft’s plans to halt transit of oil products was announced on Monday, 12 September, according to information from lsm.lv.

Berzins said this announcement was not surprising. Russia has been investing funds into the development of its own ports for years. With that, it is only logical that the country would want to return its investments.

«We experience declines year after year,» – Berzins said. Estimates suggest Latvia may lose nearly ten million containers annually.

▻http://bnn-news.com/russia-plans-to-halt-exports-of-oil-products-through-baltic-ports-150969

#LDz #Latvia #Export #Russia #oil_export

LDz Cargo Loģistika worked with turnover of EUR 5.6 million this year

In the first six months of 2016, LDz Cargo Loģistika worked with turnover of EUR 5.6 million, which is EUR 169,861 less in comparison with the same period of 2015. The company also earned EUR 72,634 more in profits after taxes, which is EUR 6,014 less in comparison with the same period of last year.

The decline is mainly related to the drop in transit cargoes, as reported by the company.

LDz Cargo Loģistika can afford to pay its short-term commitments in the first half-year directly from its turnover finances. The company’s liquidity index of 2.33 is within the norm. This means the company can cover any outstanding payments from its own budget and secure the completion of the investment plan.

▻http://bnn-news.com/ldz-cargo-logistika-worked-with-turnover-of-eur-5-6-million-this-year-1493

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