LASCO's Thirteenth Newbuilding Delivered


Hereby JSC Latvijas kuģniecība (Latvian Shipping Company - LASCO) informs that
today, on July 24 2008 the delivery of the thirteenth tanker newbuilding took
place at 3. Maj shipyard in Croatia. On April 26 in the launching and naming
ceremony the newbuilding already was given the name of Latvian city of
Salacgriva, bet as the Godmother of the ship LASCO invited Deputy Chairman of
Salacgriva City Council Dr. Skaidrīte Eglīte. 

The delivered newbuilding is the thirteenth of 14 ordered in the framework of
the vast tanker fleet renewal program which was launched in 2006. Thereby LASCO
is proceeding with the implementation of its strategic goal set - to ensure the
increase of LASCO value securing its place among the top ten medium size tanker
owners in the world. 

With the delivery of the newbuilding LASCO's fleet currently is comprised of 36
tankers, two LPG carriers, one refrigerator and one dry cargo ship - in total
40 ships with highly professional crews that conform to contemporary
requirements. 



More detailed information:
Marita Ozolina-Tumanovska
Head of PR Department
Phone: +371 67020120, 29287169
E-mail : marita.ozolina@lscgroup.lv