Port of Tallinn invests in Paldiski South Harbor

By Joseph R. Fonseca
Wednesday, July 02, 2014
Port of Tallinn

 

The council of Port of Tallinn approved an investment of 1.8 million euros for deepening the aquatory of Paldiski South Harbor in order to enable the harbour to accept bigger vessels with total tonnage up to 75,000 GT. With the help of the investment aimed to increase the competitiveness of Paldiski South Harbor the channel and turning circle of the aquatory will be deepened from current 13.5 meters to 14.5 meters.

“Paldiski South Harbor today is a regional cargo harbour oriented towards handling both, the Estonian export and import cargo and specific transit goods,“ said Remo Holsmer, the Chairman of the Council of Port of Tallinn. “The investment in increasing the competitiveness of Paldiski South Harbor is made while looking into the future and the aim is to satisfy the future needs of present clients as well as raise harbor’s attractiveness for new potential clients.“

The core activity of Paldiski South Harbor is focused today on the handling of ro-ro cargo, scrap metal, timber, peat and oil products. Developing fields of activity include transit of new cars for neighbouring markets and pre-sale service.

Port of Tallinn is Estonia’s biggest harbor complex that completely belongs to the state. For 2014, Port of Tallinn forecasts 8% growth of operational income (that will reach 111 million euros) and the net profit of 37 million euros. The expected growth of turnover of goods is slightly below 2% (reaching 29 million tons), while the number of passengers serviced by the port is to remain on last year’s level of 9.19 million people.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Morocco Sells 40% Stake in Port Operator in IPO

The Moroccan government raised 1.94 billion dirhams ($197 million) by selling a 40 percent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year,

New Era of Global Trade with Expanded Panama Canal

The Expanded Panama Canal is now officially open for business.   During the official inauguration ceremony, Panamanian President Juan Carlos Varela and Panama Canal Administrator and CEO Jorge L.

Panama Opens Canal Extension Amid Risk, Cost Issues

Panama opened the long-delayed $5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping

Finance

Morocco Sells 40% Stake in Port Operator in IPO

The Moroccan government raised 1.94 billion dirhams ($197 million) by selling a 40 percent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year,

Panamax Vessel Demand Keeps Baltic Index Up

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for a fourth straight session as higher demand

Panama Opens Canal Extension Amid Risk, Cost Issues

Panama opened the long-delayed $5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping

News

Morocco Sells 40% Stake in Port Operator in IPO

The Moroccan government raised 1.94 billion dirhams ($197 million) by selling a 40 percent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year,

BigLift Shipping Expands Heavy Lift Fleet

BigLift Shipping said it has ordered a third Happy S-type vessel. The new build vessel, to be named Happy Sun, will be identical to BigLift’s Happy Star and will

Panamax Vessel Demand Keeps Baltic Index Up

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for a fourth straight session as higher demand

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1370 sec (7 req/sec)