Latvian Shipping Company upgrades fleet

Latvian Shipping Company upgrades fleet

Oslo: Eight tankers belonging to Latvian Shipping Company (JSC) will be drydocked in Riga from May to July for $6m worth of repairs and upgrades.

“We are currently focusing on strengthening the areas connected with direct operation of companies, and we continue disposing of assets that are not related to our core business,” said Robert Kirkup, the chairman of JSC.

Up first will be the medium range product tankers Piltene, Usma, Ugale, Targale, Ance and Zemgale.

The vessels Krisjanis Valdemars and Puze have already been completed. Work on the tankers will take place at the Riga dockyard at Vecmīlgrāvis, which is one of the largest dockyards in the Baltic Sea region.

JSC owns and operates 16 vessels as well as technically managing an additional four vessels. The average age of the fleet is seven years.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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