Two more container shipping lines have added the Port of Riga to their routes
At the beginning of this year, two new container cargo lines have started operating in the Port of Riga. The ships of the British company Ellerman City Liners will connect the Port of Riga with the ports of Gdynia, Teesport, Tilbury and Rotterdam. Meanwhile, ships of the leading international sea container carrier company Hapag-Lloyd will operate on the route Wilhelmshaven-Hamburg-Klaipeda-Riga-Rauma-Helsinki-Wilhelmshaven. Vessels of both shipping lines will call the Port of Riga once a week.
Hapag-Lloyd is one of the world’s top global container shipping companies. Its fleet boasts 305 modern container ships with a total transport capacity of 12.5 million TEUs (20-foot container units) per year. The company employs 17,400 employees in more than 400 representative offices across 140 countries. The strategic addition of the Port of Riga to Hapag-Lloyd’s extensive network provides clients with faster, more reliable delivery solutions and enhanced global connectivity. This integration makes it easier to reach more international destinations directly from Riga.
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Originally published on 17 Feb
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The coalition parties have agreed that either the state or Elering will support the construction of energy storage capacities. The Ministry of Climate historically believed energy storage would be built on market demand. The Ministry of Education and Research, Kristina Kallas stated, “If we purchase offshore wind energy on a large scale and develop these capabilities, we must also ensure that we have the infrastructure for long duration energy storage.” She emphasised that constructing an offshore wind facility without appropriate energy storage poses a significant risk of energy being exported.
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Originally published on 27 Jan
The Estonian Ministry of Economic Affairs and Communications has announced the launch of a €100 million Defence Fund, established to support the development of innovative defence and security capabilities to meet the growing global demand for new solutions. Managed by national fund manager SmartCap, the fund will provide direct investments to defence companies and funds investing in military and dual-use technologies.
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Originally published on 21 Jan
Doubts have been raised about Energiø Bornholm’s relevance and economy, but the project has never been more important. Besides being a crucial project in the European fight against climate change, the energy island has every opportunity to become a good business for Denmark.
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Originally published on 15 Jan
US healthcare products manufacturer Hollister Incorporated is expanding its Lithuanian operations. This month, the company has officially opened its financial services center, Hollister SSC Lithuania, complementing its manufacturing facility, Hollister Lietuva, located in the Kaunas Free Economic Zone. Building on this growth, the company has announced plans to establish a new product development (NPD) center at its Lithuanian facility later in the year.
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Originally published on 14 Jan
Estonia opened the first Business Hub in U.S. Located at the Embassy of Estonia in Washington, D.C., the Business Hub will serve as a bridge between Estonian companies and the vast business opportunities in the U.S. market. A delegation of Estonian defence industry innovators was present at the opening event, also attending the annual AUSA conference.
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Originally published on 17 Oct