Estonian state-owned enterprise Tallinna Sadam reported revenue of 90.8 million euros for January-September 2024, up 2.5% year-on-year. The company’s net profit increased by 14.1% to 14.9 million euros, while EBITDA reached 41 million euros (+5.4%).
The Rail Baltica joint venture RB Rail AS has signed two new agreements under the Connecting Europe Facility (CEF) programme, which will allocate EUR 1.394 billion for the implementation of the project. Of this amount, EUR 1.163 billion is provided by the CEF, and EUR 231 million is co-financing from the Baltic States. This is the largest financing in the current period, aimed at accelerating the construction of key sections of the Rail Baltica mainline.
In Q3 2024, DHL Group recorded revenue growth of 6.2% to €20.6 billion (Q3 2023: €19.4 billion). Operating profit (EBIT) remained at the same level as the previous year at €1.37 billion, in line with market expectations and significantly above the pre-pandemic level.
Despite the decline in container traffic in the third quarter, the Port of Gothenburg expects record container throughput for 2024. Over the nine months, the volume reached 685,000 TEU, up 1% year-on-year. At the same time, the handling of full containers increased by 5%, while the handling of empty containers decreased, indicating a restoration of the balance between exports and imports.
JSC NC Kazakhstan Temir Zholy and the European Bank for Reconstruction and Development (EBRD) have signed a memorandum of cooperation aimed at modernising Kazakhstan’s railway sector. The memorandum, signed by Chairman of the Board of KTZ Nurlan Sauranbayev and EBRD Vice President Matteo Patrone, envisages improving the infrastructure of the Trans-Caspian International Transport Route and introducing advanced environmental, social and corporate responsibility (ESG) standards.
A new digital pass and access system was launched at the Port of Riga on November 1. Now visitors and freight transport will be able to enter the port only with prior electronic registration, with the submission and verification of documents in digital format. This replaces the previous paper process, making operations more efficient and convenient.
At the COP29 conference in Baku, a cooperation agreement was signed between PSA International, Global DTC (GDTC) and the International Association “Trans-Caspian International Transport Route” (TITR). The document is aimed at developing the Middle Corridor as an environmentally responsible and efficient route. The initiative plans to digitally integrate the route to increase its transparency and accessibility.
Danish logistics company DFDS and Turkish Ekol Logistics have announced that they have cancelled their deal to buy the Turkish company’s international operations. The decision was made after DFDS said that Ekol had failed to meet some mandatory conditions of the agreement reached in August this year.
A.P. Moller – Maersk has opened its first bonded warehouse in Vietnam at SLP Park in Nam Dinh Vu Industrial Zone in Hai Phong Province. Managed by Maersk Contract Logistics, the warehouse is an important step in expanding the company’s presence in northern Vietnam amid growing demand for import and export services. The opening was supported by the Commercial Counsellor of the Danish Embassy in Vietnam, Mr. Lasse Pedersen Hjortshøi, who stressed the importance of international business cooperation.
This service is designed to address demand for increased cargo capacity between these regions and provides two round trips per week.
