TransContainer, a Russian company, has opened its representative office in Latvia. It is planning to strengthen hand in the container shipping market of Europe
The formal opening of JSC TransContainer representative office in Latvia took place today, on June 20. The company is a subsidiary of JSC Russian Railways (RZD) and the newly-opened representation office is the first one to be opened in the Baltic States. In due course, the company is planning to establish a customer service centre based on the Latvian representation, making available the comprehensive range of container freight traffic services.
Addressing the audience at the formal event in Riga, Peter Baskakov, CEO of JSC TransContainer, reminded that the company had first declared the decision to open its representation office in Latvia last December – when signing the Memorandum of Cooperation with Latvian Railways (Latvijas Dzelzceļš). “This measure is timely and well-considered one from the strategic viewpoint, since the container traffic volume between Latvia and Russia has skyrocketed within the recent years. We perfectly realize that the complex of services offered will enable our company to compete successfully, luring away cargo owners who need their container cargo to be shipped, using the ports of Latvia for the subsequent shipping of their goods and raw materials to Russia and other C.I.S. countries”, - Peter Baskakov said.
Ainars Shlessers, Latvian Minister of Transport and Communications, Victor Kalyuzhniy, the Ambassador of the Russian Federation to Latvia, Ugis Magonis, CEO of state-owned JSC Latvian Railways, and Raymonds Krievinsh, Head of the representation office of TransContainer in Latvia, took part in the press conference dedicated to the opening event. „According to Latvian law, no representation office of a foreign company is entitled to perform economic operations. Therefore, we will start our work with a detailed investigation of the container freight traffic market. By summarizing the findings of the investigations and the market situation analysis, we will have to specify the most efficient service- rendering model that TransContainer would have to stick to. The representation office will also perform a system-based marketing work aimed at attracting cargoes to foreign trade railway routes passing across the territories of Russia and Latvia. Moreover, the representation office will investigate the possibilities of opening some regular container shipping routes and promote their commissioning”, - Raimods Krievinsh told the journalists.
In 2006, the rail shipping volume of high-capacity container cargo between Russia and Latvia has increased by 43 % year-on-year, reaching 6,6 thousand TEU. In addition, the through transportation volume increased by 64%, reaching 1,2 thousand TEU.
Within the first 5 months of 2007, the through transportation volume has increased by 59% year-on-year, reaching 449 TEU.
JSC TransContainer Press Centre