OREANDA-NEWS. On Thursday, April 28, 2016 JSC “Latvijas kuģniecība” organized its Investor Conference Online Webinar for shareholders, investors and other stakeholders. During the webinar the Chairman of the Management Board of JSC “Latvijas kuģniecība” Robert Kirkup, Advisor to the Chairman of the Management Board of JSC “Latvijas kuģniecība” Ģirts Apsītis and Finance Director of JSC “Latvijas kuģniecība” Santa Spūle informed about the latest activities after the Annual shareholders meeting of JSC “Latvijas kuģniecība” and discussed future plans of the business development opportunities of the company.

During the webinar the Chairman of the Management Board of JSC “Latvijas kuģniecība” Robert Kirkup informed that negotiations with banks continue in tandem with the capital raising process on refinancing the existing credit liabilities. In addition JSC “Latvijas kuģniecība” would like to increase its fleet under technical management up to 36 vessels.

About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (NASDAQ RIGA: LSC1R) is among the biggest vessel owners in the segment of medium and handy size tankers and takes leading positions in terms of the transported amount of petroleum products among similar companies in Northern Europe. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, it is technically serving six more vessels, thus managing a fleet of 22 vessels. The average age of the LASCO fleet is 8 years. All of the vessels have received ISM (International Safety Management) certificates.