Announcement of the Contract

AS “Rigas kugu buvetava" has signed a new shipbuilding contract and rejects information reported in media about the financial results of 2014


On February 12, 2015 AS “Rigas kugu buvetava" (Riga Shipyard) has signed a shipbuilding contract with Norwegian company in amount of EUR 825 000.00. The payment is made in stages according to the completed works. This contract is for one vessel, but in the very near future it is planned to continue cooperation with this company and to enter into contracts for another two vessels.

This is yet another shipbuilding contract with a Scandinavian shipping company that only confirms the quality of Riga Shipyard and improves the competitiveness of the company in the international market of shipbuilding.

At the same time the Board of Riga Shipyard rejects information reported in media about the financial results of 2014 and cannot comment the origin of this information, and considers this information as a provocation and disinformation of the public.

Riga Shipyard will publish the unaudited company's annual report of 2014 according procedure prescribed by law in which the results of the company's performance will be reflected.

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