In accordance with goals set in the strategy of JSC Latvijas kuģniecība (LASCO – Latvian Shipping Company) approved by Supervisory Council targeted at maximum efficiency of all the units within LASCO Group, there have been chages made into Management Board of JSC Latvijas kuģniecība daughter company LSC Shipmanagement Ltd.

In order to promote performance operativeness of  LSC Shipmanagement Ltd., JSC Latvijas kuģniecība as a participant in 100% owned daughter company has taken decision to confirm new wording of LSC Shipmanagement Ltd. Statutes and standing orders of the Management Board  providing for three board members instead of six at present. Vladimirs Chumachenko, Manager of Safety and Quality Assurance group and very experienced employee of the company, has become Chairman of the Management Board.  Raivis Veckagans, Vice-President of Latvijas kuģniecība has been elected and former Board Member K.Zakss has been re-elected as Members of the Management Board. The newly elected Management Board Members  have mandate for three years.

Contracts with former LSC Shipmanagement Ltd. Management Board Members  M.Ekbaums, K.Zakss, V.Gavrilenko, A.Boza, A.Bekeris and A.Kreslins have been terminated.