On Friday, June 16, in South Korea, the JSC “Latvian Shipping Company” subsidiary “LSC Shipmanagement” Ltd (LSCSM) supplemented the fleet under its full technical management with a newbuilding “Elandra Falcon”, which is the 25th tanker managed by LSCSM. The new tanker is intended for transportation of oil products. Her total length is 268.25 meters and deadweight – 157’000 tons.

“We are delighted that LSCSM is able to expand the fleet under its technical management, which is a sign of quality that attests to the professionalism and skills of our crews and ship management team. This is the 25th ship under the technical management of LSC SM, and we see that we can grow it even more. Due to the expansion we are looking for new employees on Oil/Chemical tankers – senior officers, junior officers and ratings, so that we can continue providing professional services to our clients according to international quality standards,” underlines Robert Kirkup, the Chairman of the Board of JSC “Latvian Shipping Company”.

Tanker “Elandra Falcon” was built by a ship building company in South Korea called “Sungdong Shipbuilding LTD” and is the second tanker that has been added this year to the fleet under LSCSM full technical management. On April 19 the tanker “Elandra Eagle” was added to the fleet under LSCSM full technical management.


About JSC “Latvian Shipping Company”

JSC “Latvian Shipping Company” (Nasdaq Riga: LSC1R) is vessel owner in the segment of medium and handy size tankers. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, LSC subsidiary “LSC Ship management” Ltd is technically serving 9 more vessels, thus managing a fleet of 25 vessels. The average age of the LSC fleet is 9 years. All of the vessels have received ISM (International Safety Management) certificates.

         Artis Ozolins, Communications Consultant
         JSC “Latvian Shipping Company”
         Telephone: +371-26179051
         E-mail: AOzolins@golin.com