• Home
  • News
  • Lithuania is ready to implement transport investment projects of a strategic importance
  • 2016 March 9 17:33

    Lithuania is ready to implement transport investment projects of a strategic importance

    “Transport sector’s influence over the country’s economy in constantly increasing and its efficiency grows. It is the third largest sector in Lithuania’s economy succeeding manufacturing and trade and being at an advance of such sectors as construction and real estate”, press center of Lithuania's Ministry of Transport and Communications cites Arijandas Šliupas, Vice-Minister of Transport and Communications of the Republic of Lithuania, as saying at Lithuania’s Economy conference. “The transport sector’s contribution into country’s GDP over the first half of last year increased by 0.3 percent in comparison with the same period of 2014 and amounted to 13,7 percent” added the Vice-Minister.

    The reduced trade flows between Russia and the EU encouraged Lithuanian transport and logistics companies to be active in other markets, therefore, transport sector’s contribution to the export of services amounted to 60.1 percent last year. The export of services significantly increased to Netherlands (37 percent), France (36 percent), United Kingdom (27 percent), Latvia (20 percent) and Austria (12 percent). Due to its favorable geographical position, Lithuania is becoming freight transit gates to businesses in China.

    “We seek to ensure smooth interaction between various modes of transport, in order to make our country a part of important logistics chain in the route of the Silk Road i.e. from Nordic countries via Klaipėda port and along the rail to China and Central Asian countries. In addition, Lithuania aims to become China’s center for freight distribution to Northern and Western Europe (HUB)” said Vice-Minister Arijandas Šliupas.

    “China Merchants Group” (CMG), a Chinese company for transportation and logistics, real estate development and financial investments, is in the process of launching 2 offices in Vilnius and Klaipėda (Lithuania) in March.

    The contract of freight forwarding was signed with four Turkish logistics companies that are expected to help attract new clients and additional freights for container train “Viking”. A meeting among container train “Viking” partners is expected to be held in April in Azerbaijan, a country which intends to join the project as well. Another country, Kazakhstan, is also interested in the project. Finally, Swedish national rail freight service provider “Green Cargo” is also planning to become a member of “Viking” already this year.   

    Furthermore, “PKP Cargo”, one of the largest companies providing rail freight services in Poland and the EU, started to work in Lithuania. The company’s goods trains operate in Lithuania 3 times a week since February.

    It is expected that the largest Lithuania’s investment projects during the EU Financial Period 2014-2020 will be “Rail Baltica”, the electrification of lines part of IXB international corridor, development of highway Via Baltica, Klaipėda port’s shipping channel dredging, reconstruction of Vilnius International airport runaway, III stage of Vilnius western bypass and traffic safety improvement projects.




2021 November 27

14:38 Liquid Wind secures SEK 151 million for production of fossil free fuel
13:21 TECO 2030 receives NOK 50 million in government support for fuel cell development
11:09 Inmarsat offers future-proof remote control connectivity for latest sea-kit uncrewed surface vessel trials
10:54 J.P. Morgan and Havfram AS announce a series of next generation wind turbine installation vessels

2021 November 26

18:17 TECO 2030 is leading a project group that will build a hydrogen-powered high-speed vessel for the Port of Narvik
18:00 TransContainer’s IFRS-based net profit in 9M'2021 increased by 51% to RUB 14.8 bln
17:35 Royal Niestern Sander signs contract for walk to work vessel conversion
17:26 PortNews offers final edition of its magazine for 2021
17:15 Konecranes and Cargotec note CMA’s announced Provisional Findings regarding the planned merger of Konecranes and Cargotec
17:03 IMO appoints Special Advisor on Maritime Security
16:55 Nord Stream 2 delay weighs on gas prices - Gasum
16:40 Nevsky Shipyard lays down two research vessels of Project 17050
16:25 BIMCO calls for continued naval support in Gulf of Guinea after piracy incident
16:05 Alfa Laval and Orcan Energy sign a cooperation agreement for the marine market
15:43 Wärtsilä launches power limitation solutions for EEXI compliance
15:25 Hiab launches HIAB iQ.1188 HiPro loader crane with new control system
14:47 RF Government approves Transport Strategy of Russia until 2030 with forecast until 2035
13:59 Sredne-Nevsky Shipyard launches Anatoly Shlemov minesweeper of Project 12700
13:11 The Port of València hosts a rescue drill for a crane operator
12:10 GTT obtains tank design order for three new LNG Carriers from Hyundai Heavy Industries and Hyundai Samho Heavy Industries
11:54 Phase 2 of Bagayevsky hydrosystem construction begins
11:52 Ardmore moderates COP26 ‘ShipZero’ panels, discussing the realities of zero emission ships
11:17 ClassNK signs MOU on cybersecurity with Panama Maritime Authority (PMA)
10:51 MSC starts new In-Transit Cargo service
10:32 MABUX: Global bunker market to keep slight irregular fluctuations with no firm trend on Nov 26
10:22 Oboronlogistics' Ambal ferry obtaines certificate on safety management from RS
09:48 MPA and maritime partners maintain cybersecurity readiness through inaugural exercise
09:33 Baltic Dry Index as of November 25
09:17 Oil prices decrease on concerns over reduction of demand

2021 November 25

18:06 Rolls-Royce and Zhenjiang Shipyard to jointly promote tugs and workboats with mtu engines in China
17:44 Delo Group presented own Digitalization Strategy
17:16 Keppel awarded FSRU conversion and FPSO integration work worth around S$200 million
16:25 Cargo traffic within Azov-Don Basin of Russia’s IWWs fell by 14% in 2021
16:03 Great Lakes Dredge & Dock announces receipt of $92.5 mln Houston Ship Channel widening and improvement project 11 award
15:59 Damen Shipyards achieves official EU Stage V certification for its Emission Reduction system
15:30 RF State Duma ratifies Nairobi Wreck Removal Convention, 2007
15:02 Navigator Holdings announces approval in principle for new CO2 carrier designs for its Dan-Unity CO2 joint venture with Evergas
14:59 RINA, ABB, Helbio, the Liberian Registry, Wärtsilä and an Energy Major enter in proposal with hydrogen as fuel to meet IMO2050 targets
14:44 Rosterminalugol shipped 21 million tonnes of export coal over 10M’2021
14:21 BAE Systems launches next-generation power and propulsion system to help marine operators reach zero emissions
13:55 MABUX: Bunker Weekly Outlook, Week 47, 2021
13:12 Kongsberg Maritime and Norsepower MoU agreement facilitates Rotor Sail integration for shipowners
12:31 Sea Port of Saint-Petersburg allocated over RUB 21 million for implementation of its environmental programme
12:06 Port of Kiel describes path to climate neutrality by 2030
11:06 Third Finnlines hybrid ro-ro launched in China Merchants Jinling Shipyard
10:35 Mitsubishi Heavy Industries receives a major turbomachinery order for Ust-Luga LNG export plant
10:31 MABUX: Bunker prices may demonstrate slight upward changes on Nov 25
10:30 Navigation season closed on Volga-Baltic Waterways
10:06 Port of Long Beach named the best West Coast Seaport in North America
09:41 Oil market sees mixed price movements
09:22 Baltic Dry Index as of November 24
09:08 The second of Damen’s new Shoalbuster 2711 class handed over to Ports of Jersey in christening ceremony
08:16 Port of Los Angeles issues zero-emissions truck request for proposals
06:00 Stockholm fairway smart buoy powered by solar energy

2021 November 24

18:35 Wan Hai Lines awarded “Container Shipping Line of The Year India-Far East Trade Lane”
17:33 Volga Shipping's freight transported this year’s inland shipping season reached 8.2 million tonnes
17:25 Bahri bags four prestigious awards
17:09 Langh Ship and Outokumpu deepen the cooperation by starting a newbuilding project
16:35 Equinor signs four new contracts with Aibel
16:15 Austal USA awarded US$72.5 mln contract to maintain LCS deployed in Western Pacific