October 24

More Cargo, Less Passengers at Freeport of Riga

first_imgzoom Latvia’s Freeport of Riga handled 41.08 million tons of various cargo in 2014, surpassing the 2013 volumes by 5.6 million tons, or 15.8%, and setting a new record for the port.Overall, 23.73 million tons were handled in the dry bulk segment in 2014 that is by 10% or 2.16 million tons more than during the previous reporting period.7.07 million tons were handled in the general cargo segment, which is by 4.3% more than in 2013. Container transshipment increased by 6.1% and reached 4.15 million tons.The port handled a total of 10.28 million tons of liquid cargo, which is by 44.6% more than in 2013.Last year, the Port of Riga welcomed almost 738 thousand passengers, which is by almost 12% less than in 2013. Passenger volume drop can be attributed to reduction of Tallink scheduled voyages in summer 2014. “We have proved that the Port of Riga is a safe business partner, that is able to change with the times. Economic benefits and cargo security have always been and are the main concerns of our clients – therefore our investment into the port infrastructure and client-oriented approach was justified,” said Ameriks. Image: Magnat Grouplast_img read more

October 8

Most actively traded companies on the TSX

Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,135.00, down 8.99 points):Canadian Natural Resources Ltd. (TSX:CNQ). Oil and gas. Down 18 cents, or 0.48 per cent, to $37.15 on 8.4 million shares.Manulife Financial Corp. (TSX:MFC). Financial Services. Up 48 cents, or 1.94 per cent, to $25.22 on 6.1 million shares.Cenovus Energy Inc. (TSX:CVE). Oil and gas. Up 11 cents, or 1.19 per cent, to $9.33 on 5.4 million shares.Eldorado Gold Corp. (TSX:ELD). Miner. Down two cents, or 0.65 per cent, to $3.06 on 4.7 million shares.Suncor Energy Inc. (TSX:SU). Oil and gas. Unchanged at $37.30 on 3.3 million shares.Crescent Point Energy (TSX:CPG). Oil and gas. Up five cents, or 0.55 per cent, to $9.22 on 3.1 million shares.Companies reporting major news:Champion Iron Ltd. (TSX:CIA). Miner. Down four cents, or 3.81 per cent, to $1.01 on 1.1 million shares. Efforts to restart the idled Bloom Lake iron ore mine got a boost Thursday after the Caisse de depot pension fund manager and a mining lending group agreed to provide US$180 million in debt financing to a subsidiary of Champion. The Caisse will provide US$100 million in subordinated debt partially tied to the price of iron ore while Sprott Resource Lending will provide US$80 million in the form of a five-year senior secured loan.TransAlta Corp. (TSX:TA). Utilities. Up five cents, or 0.63 per cent, to $7.97 on 686,895 shares. The Calgary-based power company is appointing former interim Conservative leader Rona Ambrose to its board of directors. She also held several different cabinet posts including Environment, Health and Labour when the Tories were in power.WestJet Airlines Ltd. (TSX:WJA). Airline. Up 15 cents, or 0.60 per cent, to $25.23 on 347,904 shares. CEO Gregg Saretsky has stepped up his fight against the growing push to unionize the airline’s staff, telling them to resist organized labour’s pitch because it will chomp into their paycheques. In an email sent last Thursday to the company’s 12,000 employees, he revealed that five unions are now trying to certify several groups of WestJet workers after its pilots agreed in May to join the Air Line Pilots Association. read more