The majority shareholder of joint stock company “Latvian Shipping Company” (LSC) “Vitol Netherlands B.V.”  (Vitol), has informed LSC management that it will consider its option to delist LSC from NASDAQ Baltic after the current mandatory share purchase process is completed on the 15th August and all OTC transactions are cleared on the 21^st August. 

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.

Laima Zēmele, Communications Consultant

JSC “Latvian Shipping Company”

Phone: +371-26486958

E-mail: LZemele@golin.com

www.lk.lv