Klaipėda port’s losses lower than expected after ban on Belarusian fertilizers – CEO

February 2, BPN. The suspension of Belarusian potash and nitrogen fertilizer shipments had a negative impact on the operations of Lithaunia’s Klaipėda seaport in 2022 but losses were lower than expected, its CEO Algis Latakas told Delfi.

Fertilizer shipments via Klaipėda dropped by almost 11 million tons in 2022, he said. However, the 21-percent decrease was less than the expected 35 percent.

The fall was partly offset both by the container and liquid cargo shipments, including oils, liquefied gas and oil products, he said.

In 2021, the European Union, United States, UK and Canada imposed sanctions on the Belarusian potash giant, Belaruskali. In February 2022, Lithuania halted the transit of Belarusian potash fertilizers via Klaipėda.