Port of Ventspils
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The port of Ventspils[1] is located in the coast of the Baltic sea, it is an ice-free, deep-water Latvian sea port. The total area of the port is 2451.39 ha. According to cargo turnover the port of Ventspils is one of the leading ports of the Baltic Sea, and among the top 20 European ports.[2] In 1997 the port of Ventspils received a free economic zone status, which acted as an investment attraction factor and resulted in tax incentives for businesses.
The port of Ventspils is a multimodal port for any kind of cargo. In 1998 the deepening of the harbour was completed, where the maximum depth of 17.5 m was reached in the liquid bulk area, allowing accommodation of the largest vessels calling the Baltic Sea – Aframax size tankers with maximum 130.000 metric tons deadweight (DWT). The dry bulk and general cargo area with its maximum depth of 16 m allows terminals to accommodate Panamax type vessels with load capacity of up to 75.000 DWT.
Since 2002 the Freeport of Ventspils has been developing the industrialization process.
In the popular British newspaper Financial Times publication FDI Intelligence[3] investigation in 2015 the port of Ventspils has acquired the main prize for the actions in the global reach, for development in industrial building sector and improvements in infrastructure.
The Freeport of Ventspils[4]
The port of Ventspils is managed by the Freeport of Ventspils, which is supervised by the Cabinet of Ministers of the Republic of Latvia.
The Freeport of Ventspils is governed by:
Law on ports (1994) - governs Latvian port operations and management procedures, the Freeport Authority structure and the main responsibilities, vessel traffic management and operational control principles, as well as other port related operational issues.[5]
Ventspils Freeport Law (1997) - in addition to the conditions set out in the Law on Ports, provides procedure for implementing business at the territory of the Freeport of Ventspils.[5]
Law on Tax Application in Free Ports and Special Economic Zones (2002) - determines the procedures for direct and indirect tax incentives for licensed companies at Freeport of Ventspils.[5]
The strategical goals for the Freeport of Ventspils are:
· To maintain and strenghten the current position of the port in the market of liquid and dry bulk
· To attract new forms of businesses and services to the port
· To develop the production activity in the Freeport industrial territory
The future prospects for Ventspils port are linked to the seaward extension of the Northern port, 100 hectares are set for this purpose.
Infrastructure[6]
The port of Ventspils is a part of the traffic flow between the EU and the CIS countries, it also is a part of the TEN-T transport core network.
Ventspils is a component of the East-West railway corridor which is integrated in the Eurasian transport system. The European significance, dual motorway – E22 is leading through Ventspils. There is also the Ventspils Airport in the territory of the Freeport of Ventspils. Ventspils is located approximately 2 hour drive away from the biggest Latvian air traffic center - Riga International Airport (RIX).
Ferry lines
The port of Ventspils provides two ferry lines from Ventspils to Sweden (Nynashamn) and Germany (Travemünde). The amount of the passengers on ferries traveling through Ventspils has tenfolded since 2010,[7] there is also a significant increase of the amount of passenger cars and other freight.
Regular cargo and passenger transportation is provided by the largest ferry operator in Europe - Stena Line.
Additional information: www.stenaline.lv
Special Economic Zone - tax incentives[8]
The Freeport of Ventspils is a Special Economic Zone (SEZ). Tax incentives can be applied to companies of the Freeport of Ventspils if certain criteria is met. The direct tax incentives for Real Estate and Corporate Income Tax can reach up to 80%, but the compensation amount for the sum invested – 35% (55% for small companies, 45% for medium-sized enterprises).
Industrial production
There are more than 500 hectares intended for use of industrial production in the free port of Ventspils. The area of Ventspils industrial park is adjustable to investors expectations for the production, also it is provided with necessary infrastructure for the production start-up (ready production facilities, electricity, high-performance IT and telecommunications). The land lease is approximately 0.25-0.5% of the lands cadastral value with a buy-out right. In the start-up phase Ventspils High Technology Parks (VHTP) Business Incubator is available for support in infrastructure and services.
There is a multilingual workforce available in Ventspils.
| Company | Year | Country | Business sector |
|---|---|---|---|
| ARBO Windows | 2014 | Latvia | solid wood window and door manufacture; construction |
| Baltic Forest trading | 2004 | Sweden | wood processing; building materials |
| Bio-Venta | 2008 | Latvia | biodiesel production |
| Bucher Municipal | 2005 | Switzerland | production of truck mounted sweepers |
| Diana Sveces | 2004 | Denmark | candle manufacture |
| EUROLCDS | 2013 | Latvia, Sweden | manufacturing of LCD products |
| FROLI Baltic | 2006 | Germany | polyurethane manufacturing |
| Hydraulik Bauteile Baltic | 2008 | Germany | production of hydraulic and pneumatic components |
| Kurzemes granulas | 2003 | Latvia | production of wood pellets |
| Malmar Sheet Metal | 2006 | Belgium | producing of sheet metal parts for automotive |
| Pobeda Confectionery | 2014 | Russia | production of chocolate |
| SQUALIO | 2013 | Latvia | software testing |
| Ventspils elektronikas fabrika | 2005 | Latvia | production of electronic systems and their components |
| Ventspils High Technology Park - VHTP | 2005 | Latvia | support services for the development of high-tech companies |
| Ventspils metināšanas rūpnīca | 2012 | Ukraine | manufacturing of large-scale steel constructions |
| Ventspils-Andren | 2009 | Latvia | large complex structures and fiberglass industrial facilities |
Terminals
Liquid cargo terminals
| Terminal | Year | Cargoes |
|---|---|---|
| Baltic Juice Terminal | 2006 | liquid food products |
| Vars | 1991 | chemical products |
| Ventall Terminals | 2004 | chemical products, oil products |
| Ventamonjaks serviss | 2006 | ammonia, chemical products, oil products |
| Ventbunkers | 1994 | oil, oil products |
| Ventspils Nafta Terminal LTD | 1961 | oil products |
Dry bulk cargo terminals
| Terminal | Year | Cargoes |
|---|---|---|
| Baltic Coal Terminal | 2008 | coal |
| Kālija parks | 1993 | mineral fertilizers |
| Ventspils Commercial Port | 1994 | coal, ferrous metals, iron ore, peat, raw sugar |
| Ventspils Grain Terminal | 2005 | grain |
General cargo terminals
| Terminal | Year | Cargoes |
|---|---|---|
| Noord Natie Ventspils Terminals | 2000 | containerised cargo, Ro-Ro, timber |
| Reefer Cargo Terminal | 2011 | frozen products |
| Ventplac | 1995 | dry bulk cargo, peat, roundwood, timber, woodchip |
History
For the first time the Port of Ventspils was mentioned in historical chronicles in 1263. The 17th century saw a rapid growth and dynamic development in the port of Ventspils, with more than 135 ships built in the shipyards of Ventspils and sold to European countries during the rule of Duke Jacob Kettler. Ventspils was an important member of the Hanseatic League, a union of North German trading cities. The next period of a very dynamic growth was at the end of the 19th century, when as part of the Russian Empire the port of Ventspils was the first port of the Baltic Sea to be connected with a railway to Russia’s inland – to the cities of Moscow and Rybinsk. During the rule of Soviet Union Ventspils port evolved as a very important handling centre for oil and oil products and was linked to Russian oil fields with an oil pipeline. Later on, the largest terminals in the world for handling liquid chemicals (ammonia) and potassium salt were constructed and operated in Ventspils.
References
- ^ "About the Port". Freeport of Ventspils. Retrieved 2016-04-07.
- ^ "File:Gross weight of seaborne goods handled (inward and outward) in main ports(1) in 2013 by type of cargo(2).png". http://ec.europa.eu.
{{cite web}}: External link in|website= - ^ Intelligence, fDi. "Home". www.fdiintelligence.com. Retrieved 2016-04-07.
- ^ "Freeport Authority". Freeport of Ventspils. Retrieved 2016-04-07.
- ^ a b c "LAWS AND REGULATIONS". Freeport of Ventspils. Retrieved 2016-04-07.
- ^ "Connectivity". Freeport of Ventspils. Retrieved 2016-04-07.
- ^ "Port in Numbers". Freeport of Ventspils. Retrieved 2016-04-07.
- ^ "Tax Incentives". Freeport of Ventspils. Retrieved 2016-04-08.
