Independent journal on economy and transport policy
07:53 GMT+1
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Portek buys terminalista society RUT of Riga
Rigas Universalais Terminals work a several terminal for goods in the port of the Latvian city
April 17, 2013
The terminalista enterprise Portek International of Singapore, that it takes part of the Japanese group Mitsui & Co., has bought 80% of the capital stock of the Rigas Universalais Terminals (RUT), society that work a several terminal for goods, included timber and frozen products, in the port of Line enlivening a annual traffic of beyond 2,5 million tons (in the 2012 the container enlivened has been pairs to 77.000 teu).
Portek has specified that the Latvian company will continue to being guided from the current leadership that will be placed side by side also by manager of the group of Singapore in order to bring to RUT the necessary competences of international capacity for the future development of the activity of the society.
RUT, that it is constituted in 2001 with the Rinuzu name stividors that in 2007 is changed with the current denomination, possesses the branches BFT, that manages a structure for storage of cooled in the port of Line, UT Komunalserviss, than takes care of the management and maintenance of terminalistiche infrastructures, and Alpha Express, enterprise that manages the railway maneuvers in the terminalistica area of RUT.
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