Abstract

The object of research is the performance of ports in the East Coast of the Baltic Sea for the period from 1996 to 2016. By comparing the performance of Russian ports and ports in the Baltic States, the trend of significant growth in cargo turnover in the ports of the region is revealed. The aggregate cargo turnover in the ports of Russia and the Baltic States has increased 4.5-fold over the last 20 years. An analysis of the comparative performance of all the ports of the East Coast of the Baltic Sea for 20 years has shown their growing relevance in development of economic and trade relations between the Asian and European regions. Despite a sharp increase in cargo transshipment in the newly constructed Russian ports (24 times in 20 years), the ports of Latvia, Lithuania and Estonia still show positive dynamics (twice in 20 years). Contrary to the current opinion on the decrease in the role of ports in the Baltic countries, the article shows the factors of their development, including the participation of Russian capital in the construction of new terminals in the ports of Latvia and Estonia (Riga, Sillamae), and by attracting cargo from other regions (Lithuania, Klaipeda). All ports of the East Coast of the Baltic Sea Region have development of potential in expanding ties with the rapidly developing Asian region (China, India). The volumes of transit between Europe and Eurasia are constantly growing, and only in the first quarter of this year the supplies from Europe to China grew by 12 %, and from China to Europe – by 7 %, amounting to 62 billion USD and 81 billion USD respectively. An analysis of the Baltic ports is also important in connection with the development of the large and promising Belarusian project «Great Stone», of which the Chinese national logistics company is a partner and which should connect China via Belarus with the German port of Duisburg. Thus, the possibility of organizing multimodal transportation from Germany to China via the Riga port is being considered because of the limited capacity of the Polish and Slovak railways to transport Chinese goods through the Minsk logistics center «Great Stone» to Europe. In this context, the use of the Riga port with a large potential for development of the port territories can significantly strengthen its economic position, and thereby influence the growth of the Latvian economy. The following factors influence the development of transport corridors in the Baltic Sea Region in order of importance: geography, economics, politics, transport infrastructure and new technologies of logistics business. If we talk about the ports of the Baltic countries, then there is a narrowing of geographical plans due to the reorientation of cargo to Russian ports. The economy is influenced by tariff policy. The influence of politics is still great. The most optimistic is the impact of transport infrastructure.

Highlights

  • Seaports play an important role in the development of the East Coast region of the Baltic Sea

  • The expansion of international trade between East and West leads to an increase in cargo turnover in the ports of the East Coast of the Baltic Sea, primarily due to the active development of Russian ports

  • There is a potential for development of the ports of Estonia and Latvia due to the presence of Russian investors there

Read more

Summary

Introduction

Seaports play an important role in the development of the East Coast region of the Baltic Sea. In the mid-90s of the 20th century, the ports of Latvia, Lithuania and Estonia played a key role in transshipment of goods. For 20 years, after the construction of a number of ports in the Leningrad region, the volume of cargo turnover in the designated region has grown 4.5 times, and transshipment in six Russian ports has grown 24 times, while in the Baltic States it has approximately doubled. Politicians of both sides often use rhetoric that undermines interstate economic relations. The positive dynamics of the world turnover of sea cargoes allows to look at the future of all ports with optimism

The aim and objectives of research
Research of existing solutions of the problem
Methods of research
Research results
SWOT analysis of research results
Findings
Conclusions

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.