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Friday, 06 December 2019
AET scores $245m shuttle tanker deal from Shell
 
Tanker owner to build three new suezmax shuttle tankers against a long-term contract with Shell in Brazil...
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Friday, 06 December 2019
A Representative of Rietumu Bank – about trends in the Latvian art market
 
The Artterritory.com portal specialising in cultural topics has published an article on trends in the Latvian art market, in which owners of leading galleries, auction houses, art historians, and owners of art collections comment on the situation....
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Friday, 06 December 2019
Baltic International Bank considers the fine of FCMC as disproportionate, plans to appeal
 
Baltic International Bank (Bank) on a continuous basis is working together with the Financial and Capital Market Commission (FCMC) on the strengthening of the Bank’s internal control system (ICS) due to the constantly changing and raising requirements in the banking supervision process. Aim is to achieve accurate and clear requirements towards the Bank, it’s rights and responsibilities without allowing any interpretation. Already in 2016 Bank changed it’s business model and actively implements new business strategy – with the purpose of becoming a strong investments Bank in the Baltic region....
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Friday, 06 December 2019
Latvia: In October, industrial production output rose by 3%
 
Data compiled by the Central Statistical Bureau (CSB) show that, compared to October 2018, in October 2019 industrial production output1 increased by 3 % (according to calendar adjusted data at constant prices). Output rise in manufacturing constituted 1.8%, in electricity and gas supply 11.9%, while in mining and quarrying there was a drop of 19.6%....
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Friday, 06 December 2019
airBaltic receives Regional Airline of the Year Award by CAPA
 
The Latvian airline airBaltic received the CAPA Regional Airline of the Year award in a special ceremony in Malta on December 5, 2019, BC learned from the company....
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Friday, 06 December 2019
Environment Protection and Regional Development Ministry to initiate dissolution of Riga City Council
 
The Environment Protection and Regional Development Ministry has decided to initiate dissolution of the Riga City Council because the local authority has repeatedly failed to fulfill one of its functions - to ensure waste management services, reported LETA/BNS....
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Friday, 06 December 2019
Energy policy and “green deal”: the EU and Baltic’s perspectives
 
The Commission’s strategy for greener and cleaner EU (the so-called “European Green Deal”) is, generally, aimed at making the member states’ economies more resilient and competitive. A vital part of “green transition” is energy policy: according to Kadri Simson, the new energy Commissioner, the energy transition includes three priorities: the people, the national economies and the global partners....
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Thursday, 05 December 2019
LNG shipping warned of strong headwinds in 2021 and 2020
 
A heavy schedule of newbuilding deliveries and IMO 2020 may pose challenges to some shipowners...
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Thursday, 05 December 2019
Saudi Arabia makes its first break in LNG shipping segment
 
State-run Saudi Aramco and shipping arm Bahri move early in hunt for raft of vessels required from 2025...
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Thursday, 05 December 2019
Bahri Chemicals set to join Maersk Tankers and Cargill MR pool
 
Entrance of Saudi giant boosts pool to over 60 ships from 13 separate shipowners...
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