Latvian Shipping Company

Latvian Shipping Company (Latvian: Latvijas kuģniecība, Nasdaq Baltic: LSC1R) is a Latvian shipping company founded 29 October 1940[1] and listed on the NASDAQ OMX Riga. The company owns 20 ships, employing more than 700 seamen from Latvia.[5] The total carrying capacity of the LK fleet is 957 974 DWT and the average age of the fleet does not exceed 6.5 years.[6]
Main shareholder is Ventspils Nafta (49.94%).[4][7]

Latvian Shipping Company
TypeJoint stock company
Nasdaq Baltic: LSC1R
IndustryShipping
Founded29 October 1940[1]
Headquarters
Riga
,
Latvia
Area served
Worldwide
Key people
Simon Richard Blaydes (Chairman of the Management Board)[2]
Paul Thomas (Member of the Management Board)[2]
Revenue€ 172 million (2008)[3]
€ 40 million (2008)[3]
OwnerVentspils Nafta (49.94%)[4]
Number of employees
760
Websitehttp://www.lk.lv/en/

History
  • In 2004, the privatization of the company was completed, and Ventspils Nafta became the largest shareholder.[8]
  • In 2017, turnover of the company decreased by 9.1%, profit was 11.273 million euros.[9]

References
  1. "Latvijas kuģniecība". nasdacomxbaltic.com. Retrieved 2010-11-02.
  2. "PJSC Latvian Shipping Company Financial Statements Q2 2010" (PDF). nasdacomxbaltic.com. 2010-08-31. p. 3. Retrieved 2010-11-02.
  3. "PJSC Latvian Shipping Company Annual Report 2008" (PDF). nasdacomxbaltic.com. 2009-04-07. p. 7. Archived from the original (PDF) on 2012-03-09. Retrieved 2010-11-02.
  4. http://www.nasdaqomxbaltic.com/market/?instrument=LV0000101103&list=2&currency=LVL&pg=details&tab=security
  5. www.cube.lv, Cube /. "About Company : About : Latvijas Kuģniecība". www.lk.lv. Archived from the original on 2013-10-02. Retrieved 2018-05-27.
  6. www.cube.lv, Cube /. "MR : Vessels : Fleet : Latvijas Kuģniecība". www.lk.lv. Retrieved 2018-05-27.
  7. www.cube.lv, Cube /. "Corporate Structure : Corporate structure : About : Latvijas Kuģniecība". www.lk.lv. Retrieved 2018-05-27.
  8. DELFI (2004-02-20). "Завершена приватизация Latvijas kugnieciba". DELFI (in Russian). Retrieved 2018-05-27.
  9. DELFI (2018-04-17). "У судоходной компании Latvijas kuģniecība понизился оборот". DELFI (in Russian). Retrieved 2018-05-27.


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