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Klaipeda Port Says Grain Shipments Push Income to Record in Oct.

Nov. 5 (Bloomberg) -- Lithuania’s Port of Klaipeda, the northernmost ice-free port on the eastern coast of the Baltic Sea, said it collected the most fees ever in October mainly due to a surge in grain shipments.

Revenue from port services totaled 13.3 million litai ($4.9 million) in October, more than any month in the port’s history, port authority head of finance Martynas Armonaitis said at a news conference today, according to a video on the company’s website. Income in the first 10 months of 2012 was 119 million litai, or 2.7 percent percent more than in the year-ago period.

Grain shipments via Klaipeda have increased 74 percent so far this year to 1.2 million tons, making year-on-year revenue growth positive again since July after declines in the first half of the year, Armonaitis said. Besides agriculture products, the port also handles chemical fertilizers, crude oil, oil products and metals, according to its website.

A total 4.1 million tons of cargo was handled in October, 0.9 percent more than in the same month of 2011, including 905,169 tons of crude oil imported through the Butinge terminal, which is part of the Lithuanian unit of Poland’s PKN Orlen.

To contact the reporter on this story: Bryan Bradley in Vilnius at bbradley13@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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