Emitents | Latvijas kuģniecība, AS (48510000VYR04HZGC213) |
Veids | Citi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2011-01-24 11:32:16 |
Versijas komentārs | |
Teksts |
The
new Board members are actively reviewing all areas of operation at
JSC Latvijas Kugnieciba (LK) in order to get the company
performance back on track. Management Board of LK has set the
objective to stabilize the financial situation in LK so that the
company could improve its operations in the core shipping business.
Representatives of LK are entering into discussions with banks to
restructure the existing liabilities to help balance the cash
flow. The
new management consists of highly respected and experienced experts
in shipping business. The Chairman of the Management Board, Paul
Thomas has more than twenty years experience in the shipping
industry, managing Vitol Group’s World Wide Shipping. Board member
Michael King has managed all the operations for 100 vessels, a
fleet five times larger than at LK. Other Board members of LK also
have significant worldwide experience. Board member Christopher
Kernon in his previous professional career has worked in
other international shipping markets such as Singapore, Australia
and New Zealand. On Monday, 24th January, the newspaper “Dienas Bizness” has published an interview with the chairman of the LK board Paul Thomas, giving wrong information about the LK fleet saying that it consists of 90 vessels. LK owns 19 vessels.
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