multipurpose terminal operations
Riga Universal Terminal (“RUT”) operates in the Port of Riga, Latvia's largest seaport ideally situated on the Baltic Sea to serve as a key crossroad for trade between the East and West. The Port serves regular liner services to major northern Europe ports and dedicated train services to Russia & other Central Asian countries.
Founded in 2001, RUT today handles more than 3.mil tons of cargoes annually and is a leading player in the handling of wood products and frozen food cargoes. RUT's multipurpose terminal operation also includes the loading & unloading of containers, bulk cargoes and general cargoes, cold storage and rail transport. The Terminal has certified quality, environment protection and working safety management system and complies with ISPS code regulations.
In April 2013, Mitsui & Co., Ltd. ("Mitsui") through its subsidiary Portek International Pte. Ltd. ("Portek"), acquired an 80% equity stake in RUT. Year later Portek/Mitsui acquired athe balance 20%. Thus RUT is 100% subsidiary of Portek/Mitsui. Through this transaction, RUT will gain from Portek’s equipment engineering, port operation experience and close links with shipping lines and cargo owners. Portek, through RUT, will be able to develop its reach into the container, wood and frozen food handling markets in and around the Baltic Sea.
About Portek International Pte Ltd.
Headquartered in Singapore, Portek is a global medium-sized terminal operator and port equipment engineering solutions provider, with offices in over 9 countries throughout Africa, Europe and Asia. Portek currently operates and manages 3 terminals in Indonesia, 2 in Gabon, 1 in Algeria, 1 in Malta and inland cargo handling and storage facility in Rwanda.
About Mitsui & Co., Ltd.
The Mitsui & Co., Ltd was incorporated in Japan on 25 July 1947, which is a veritable household name with more than 130 years of history. Together with its subsidiaries, it operates one of the world's most diversified comprehensive trading, investment, and service companies.