The cargo turnover has been shrinking at the Riga Freeport for the third month in a row. In May, port operators handled about 1.3 million t of goods, falling behind the April result by about 122,000 t.
In May, the cargo turnover has dropped to the minimum since January 2021 at the Ventspils Freeport. Port operators handled at best 493,000 t of goods of all groups in May, down 143,000 t compared with April.
On June 24, the EU Council approved the 14th package of sanctions against Russia. In particular, it banned transshipment of Russian LNG in the EU for re-exports to third countries. The restriction applies to both ship-to-ship and ship-to-shore transshipment.
Dynamics of average mazut prices, $/tonne
Dynamics of average mazut prices, $/tonne
The port of Klaipeda’s overall transshipment volume dropped by 242,000 t to 3.3 million t in May compared with April due to a 294,000 t slump in the cargo turnover to 2.4 million t at the Klaipeda State Seaport.
The cargo turnover of all operators of the Liepaja SEZ remained almost unchanged in May compared with April. Thus, the operators handled a total of 588,000 t of cargo of all groups in May (up insignificant 4,000 t over the month).
Dynamics of average mazut prices, $/tonne
Dynamics of average mazut prices, $/tonne