Baltic Coal Terminal handles record large coal cargo in one day
The joint-stock Baltic Coal Terminal has handled a record amount of coal in one day – 77,027 tons, LETA was informed by the marketing director of the Baltic Association of Transport and Logistics, Galina Molockova.
This record amount of coal was handled on July 30 at Ventspils Port, as the coal was later transported to Great Britain.
In July, Baltic Coal Terminal handled over 350,000 tons of coal, but since March, when the terminal began operation, a total of 1,450,000 tons of coal have been handled.
The chairman of the board of Baltic Coal Terminal, Ilja Sokolovs, admits that the situation in the global coal market has improved a bit, and with the heating season approaching, there is traditionally an increase in demand for coal.
However, the terminal's success is more dependant on Latvian Rail (LDz) transportation tariffs, instead of the situation within the global coal market, Sokolovs said, adding that LDz's tariffs are much too high and is not helping expand the increase in coal cargo transportation through the country.
As reported, last year, Baltic Coal Terminal operated with LVL 550,461 in losses. In 2007, the company posted LVL 256,626 in losses.
This record amount of coal was handled on July 30 at Ventspils Port, as the coal was later transported to Great Britain.
In July, Baltic Coal Terminal handled over 350,000 tons of coal, but since March, when the terminal began operation, a total of 1,450,000 tons of coal have been handled.
The chairman of the board of Baltic Coal Terminal, Ilja Sokolovs, admits that the situation in the global coal market has improved a bit, and with the heating season approaching, there is traditionally an increase in demand for coal.
However, the terminal's success is more dependant on Latvian Rail (LDz) transportation tariffs, instead of the situation within the global coal market, Sokolovs said, adding that LDz's tariffs are much too high and is not helping expand the increase in coal cargo transportation through the country.
As reported, last year, Baltic Coal Terminal operated with LVL 550,461 in losses. In 2007, the company posted LVL 256,626 in losses.