OREANDA-NEWS. August 05, 2015. With the decision of the sole shareholder JSC Latvian Shipping Company (LSC) the legitimacy of Management Board of SIA LASCO Investment has been restored. Robert Kirkup has been elected as the Chairman of the Management Board for a three-year term, but ?irts Aps?tis as the only member of the Management Board. Neither R. Kirkup nor. Apstis directly own JSC Latvian Shipping Company shares.

This is a legal transition procedure before the full SIA LASCO Investment solvency restoration. SIA LASCO Investment is a real estate holding and management company of the JSC Latvian Shipping Company Group. 

About JSC Latvian Shipping Company

JSC Latvian Shipping Company (NASDAQ OMX 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 500 professional and high-skilled seamen from Latvia. The average age of the LK fleet is 7 years. All of the vessels have received ISM (International Safety Management) certificates.