Summary
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Ocean Network Express (ONE) launched a new weekly Iberia Baltic Express (IBX) service connecting the Port of Riga in Latvia to Iberian Peninsula ports, offering a direct routing option for Baltic exporters of timber, grain, and refined products. The IBX rotation provides a faster alternative to traditional transshipment via Hamburg or Rotterdam, reducing transit time by approximately 4-6 days for Latvian and Lithuanian shippers. The launch is part of ONE's strategy to capture share in niche North-South trades that are underserved by alliance-operated pendulum loops. The service supports growing Latvian forest product exports and provides Iberian importers with more reliable schedule integrity.