• 2013 April 18 13:27

    Strong transport and energy connections with other Baltic Sea states are vital to future of Estonia - Urmas Paet

    While opening of the 9th international transit conference TRANSESTONIA 2013, Foreign Minister Urmas Paet said that Estonia’s transport and energy connections with other countries in the Baltic Sea region are of vital importance to the future of Estonia, Estonian Ministry of Foreign Affairs says in its press release.

    Paet said that today Estonia is the most integrated country in the Baltic Sea region, being a member of the European Union, NATO, euro zone, Schengen area, and the OECD. “Within 24 hours, goods sent from Estonia can reach 50 million consumers and within 48 hours, 300 million consumers,” he noted. “Estonia is not just a good transport channel, it is also a good distribution centre and a place that gives goods added value. Estonia has the easternmost sea port in the European Union.”

    The type of railway tracks used in Estonia allow for goods to be transported from here directly to the east. In addition, in rail transport there is electronic data exchange, which allows goods to be pre-declared at customs; this saves time and therefore also costs. “However, Estonia and the region as a whole still need Rail Baltic, which would ensure an even better connection with Western Europe,” said Paet.

    In talking about energy, Paet noted that energy raw material supplies in Europe are scarce and that the European Union’s dependence on oil and gas imports is growing rapidly. “It is projected that the union’s dependence on imported energy will grow from the current 50% to 65% by the year 2030, and the International Energy Agency predicts that energy use will rise by a third due to improvements in quality of life in China, India, the Middle East, and elsewhere,” the foreign minister stated. He added that it is important for Europe to be open to new solutions in order to diversify energy sources.

    The foreign minister said that for Estonia, energy supply security first and foremost means the development of infrastructure – networking and diversifying supply sources. “It is essential for regional energy and transport connectedness to function even better – these efforts would surely also benefit the Estonian logistics sector,” he stated. “In the electricity sector we have developed co-operation across the Gulf of Finland and we have the functioning Estlink 1 connection between Estonia and Finland. Progress has also been made with Estlink 2, which will be ready in 2014.”

    Currently Estonia is still an energy island when it comes to the gas market. “Re-organising the gas market is necessary in order to ensure competitiveness, better prices, freedom of choice, and our energy security,” said Paet. “Step by step Estonia is becoming better integrated with both the Nordic-Baltic energy market as well as the European Union’s internal energy market – we are also joining the International Energy Agency, so that we can be a part of international co-operation in the name of ensuring energy supplies.” He added that the launching of a regional gas market for the Baltic states and Finland requires the creation of a liquefied natural gas terminal.

    The measure of the sustainability of a logistics sector in the future and already today is its environmental suitability. “High safety standards, thorough planning, and a high level of technology should become indivisible parts of our logistics sector, for that is the only way we will be competitive when more and more attention is given to the sustainability and environmental safety of solutions,” said Paet. “Our logistics sector is tied to the Baltic Sea, an excellent waterway. The Baltic Sea must remain our home sea even with increasing maritime traffic, more complex cargo, and climate conditions,” he added. According to Paet, Estonia sets an example for others with its environmental measures. “Partners from the USA to Jordan are interested in our oil shale technology, which is getting cleaner and more sustainable,” he stated. “Sustainable development is ever more important against the backdrop of the recent economic and debt crisis. There can be no development other than sustainable development.”


2024 November 5

18:27 RS successfully completes annual survey of the legendary nuclear-powered icebreaker LENIN
18:24 Expanded emissions rules to be implemented at California ports from January 1, 2025
17:35 COSCO Shipping launches innovative ammonia-fueled ammonia/LPG vessel design
17:19 PIL orders five more LNG dual-fuel vessels from Hudong-Zhonghua Shipbuilding
16:57 Chevron expands supply of marine lubricants to include Port Elizabeth, South Africa
16:29 EDGE Group and Fincantieri sign MoU to jointly develop underwater solutions
15:53 Cadeler signs firm contracts with ScottishPower Renewables for East Anglia TWO foundation and turbine transportation and installation
15:03 Sea1 Offshore steps up with two new vessel orders
14:35 COSCO SHIPPING becomes second largest shareholder of Shenzhen Yantian Port
13:48 MOL (Asia Oceania) invests in joint development/investment 'logistics infrastructure' projects in Southeast Asia
13:13 Kongsberg Maritime propulsion selected for new Peruvian Navy frigate programme
12:53 ADNOC and Masdar collaborate with Microsoft to drive AI deployment and low-carbon solutions
12:24 MOL to build logistic center on Kobe's Port Island
11:19 APM Terminals announces appointment of new Managing Director for Suez Canal Container Terminal
10:42 Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg

2024 November 4

17:27 Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg
15:52 Paradip Port to be fully mechanised by 2030
14:13 Autonomous vessel to sail 1,500 km from Mumbai to Tuticorin
13:48 DPA Kandla in a plan for new container terminal and multipurpose berth with ₹27,000 crore investment
12:18 China's 41st Antarctic expedition begins
10:34 10 years old Meyer Turku aims for carbon-neutral shipbuilding
09:41 Port of Vancouver vessel traffic management system enhances marine safety and trade efficiency throughout Burrard Inlet

2024 November 3

15:57 Babcock completes deep maintenance of Lambeth River Station
14:09 Fincantieri and BQ Solutions sign MoU to advance naval education and training in Qatar 31 October 2024
12:51 Rolls-Royce develops new mtu energy and automation solutions for future submarines
10:19 Cepsa changes its name to Moeve
09:46 Singapore says no oil sightings arising from oil-related incidents

2024 November 2

18:06 Singapore’s first fully electric cargo vessel wins Green Ship Award at SRS Forum
17:20 VTTI looks to buy into LNG terminals in Asia
16:48 Hudong-Zhonghua Shipbuilding signs contracts for 12 large container ships in the past 10 days
16:32 CHIMBUSCO secures its first LNG refueling service in Europe
15:46 SLB OneSubsea awarded subsea boosting contract for bp’s Kaskida project in Gulf of Mexico
15:24 Wilson Sons to start construction of three new eco-friendly tugboats in 2025
14:57 Rem Offshore holds keel laying ceremony for REM Pioneer
12:30 World's first conversion of large container ship to run on methanol successfully completed
11:52 New offshore platform taps into potential of heavy-oil reserves in China
11:24 HRDD completes desulphurization tower system conversion for a PCTC
09:48 TOWT launches its first cargo sailing ship in Le Havre

2024 November 1

18:00 Marlink to deploy Sealink NextGen hybrid solution on 26 tankers for Transpetro
17:38 Austal Australia delivers 8th Evolved Cape-class Patrol Boat to Royal Australian Navy
17:23 Acteon and Applied Fiber enter MoU to collaborate on mooring solutions
16:54 KOTUG International and Maritalia S.A. secure major marine services contract for bp’s Greater Tortue Ahmeyim gas project
16:24 BW LPG takes delivery of vessel BW Chinook from Avance Gas
15:44 HD Hyundai may nearly double shipbuilding capacity in Vietnam
15:24 Samsung Heavy Industries secures $390 mln contract for four Suezmax tankers
14:36 EU imposes duties on unfairly subsidised electric vehicles from China
14:23 Port of Montreal workers at two terminals start new strike
13:41 Chinese ports container volume rises 7.7 % from January to September of 2024
13:22 MOL, COSCO Co-host 6th Shanghai International LNG Shipping Forum
12:43 Global schedule reliability drops to 51.4% in September 2024
12:22 GTT secures technical services contract with Maran Tankers for eight LNG Dual-Fuel Suezmax vessels
11:45 MSC inks up $2.1bn container ship at the reborn shipyard Rongsheng Heavy Industries
11:28 China's first 'smart factory' for offshore oil, gas equipment fully operational
10:43 Yanmar completes land-based demonstration testing of a hydrogen engine for power generation in coastal vessels
10:23 Samsung Heavy wins W358 bln LNG ship order in Asia
09:58 EU greenhouse gas emissions fell by over 8% in 2023

2024 October 31

18:00 MAN receives multiple orders for MAN B&W G95ME-LGIM Mk 10.5 methanol engines to power a series of VLCV
17:23 The Marechal Duque de Caxias platform ship starts producing in the pre-salt layer
17:06 IWS Seawalker CSOV makes it 1000 ship designs from Kongsberg Maritime
16:45 “K” Line Wind Service and Japan Marine United sign agreement for Phase 2 of NEDO’s Green Innovation Fund Project
16:04 Wärtsilä introduces its innovative NextDF feature for the Wärtsilä 25DF dual-fuel engine
15:45 MOL plans to change charter contract for vessels related to Russia business
15:44 MABUX: Bunker price trends in the world's four largest hubs, Oct 8 - Nov 1, 2024
15:23 HHLA raises expectations for fiscal year 2024
14:59 Major fire extinguished at UK nuclear submarine yard
14:16 AD Ports Group and Somali Ministry of Fisheries & Blue Economy sign MoU for maritime sector development
13:44 Maersk reports Q3 results
12:43 UECC orders four advanced multi-fuel battery hybrid pure car and truck carriers from China Merchants Jinling Shipyard Nanjing
11:39 Japanese сonsortium produces design concept for eco-friendly VLCC
11:12 TMC Compressors bags contract to supply four LNG carriers