Hamburg and Latvia Agree Strategic Trade Partnership

 28 Feb 2019 09.44am

Photo: Port of Hamburg

The Port of Hamburg has signed a Memorandum of Understanding (MoU) with the Latvian Ministry of Transport, which aims to strengthen cooperation between Hamburg and the ports of Riga, Ventspils and Liepāja.

In 2018, container throughput between the Port of Hamburg and Latvia reached a total of 100,175 TEU, while Riga, Ventspils and Liepāja handled 66 million of tons collectively.

The Port of Hamburg is linked with Riga, Latvia’s largest port and one of the biggest trade hubs in the Baltic region, by four liner services.

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Kaspars Ozoliņš, Under-Secretary of State in the Latvian Ministry of Transport, recently led a delegation of logistics companies from Latvia in a visit to the ports of Hamburg and Lübeck.

During the visit, Ozoliņš signed a collaborative agreement with Ingo Egloff, Joint CEO of Port of Hamburg Marketing (HHM).

According to the MoU, both partners have agreed to a more intensive exchange of data and experience, as well as further cooperation to develop intermodal transport services between Europe and Asia.

 

The Latvian delegation at Hamburg City Hall (Photo: Port of Hamburg)

 

In addition to this, Hamburg and Latvia will work together on the drafting and implementation of international cooperation projects.

Ozoliņš said: “Latvia and Germany are already partners, but further scope still exists for improved and stronger cooperation with the most significant regions and areas of the economy.

“We are delighted to have given the starting signal today for a close partnership with Germany’s largest seaport.”

 

 

Egloff also commented: “Trade and shipping have linked Hamburg and Latvia since the days of the Hanseatic League. That is all the more reason for us to pool resources to demonstrate our close alliance on the global stage.”

Members of the Latvian delegation also displayed interest in rail sector infrastructure during their visit to Hamburg and Lübeck.

HHM is currently investigating opportunities for a multimodal connection between Baltic countries, such as Latvia, and the European mainline rail network, a move which is expected to create new business opportunities.

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  Cargo Volumes and Throughput, Containers, Global Economy/Trade, Going Places, Port Planning, Ports, Shipping