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The Baltic Maritime-Aviation ranking 2008

Year on year the Baltic Sea Region experiences a substantial development of both sea and air transportation, which goes in line with the overall economic situation in the area.

Gross Domestic Product (GDP), production development, and the Foreign Direct Investment index (FDI) are usually among the most important factors to improve transport. Thisyear,however,it was also the growing level of wages and the falling rate of unemployment which stood for bigger trade exchange or travel intensification.

The maritime market featured a burgeoning increase in the Baltic seaports’ turnover, with a total of 755m tons of cargo served in 2007. Again, containers are among the key factors that drive the ports’ growth. Hence, an extra 1m TEU was shipped on the Baltic, and a 16.3% upwards trend in container handling is one of the world’s best results (see our previous ranking in BTJ 4/2007 for a comparison).

The development in aviation traffic has gradually stabilized. The annual growth rate in the main airports last year exceeded 8.9%, and the low-cost carriers were responsible for the majority of this increase. Cheap flights and the Baltic communities’ growing welfare seem to keep the aviation market on the run (cross-Baltic journeys are still mostly made by air transport), and even the rising fuel costs did not do too much harm to the industry last year. On December 21, the market welcomed the implementation of the Schengen zone in Estonia, Latvia, Lithuania and Poland, but these couple of days certainly could not change this year’s ranking edition. However, a lack of the borders may have a visible impact on air passenger traffic in the future. [read more]


 


 




CURRENT ISSUE:
No. 4/2008


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