LUKoil Tankers Shows Interest In Latvian Shipping

Monday, December 06, 1999
Latvia's Privatization Agency said Russian LUKoil Tankers have shown active interest in the sell-off of a 44 percent stake in Latvian Shipping. "We have had the most active correspondence with LUKoil Tankers, which of course does not rule out other participants in the final bidding," Janis Naglis, privatization agency director, said. "I would not be surprised if LUKoil Tankers decided to participate in the Latvian Shipping sell-off. It has free funds and ambitious plans to increase its fleet," Naglis said. Naglis added that the agency plans to distribute an international audit of Latvian Shipping's nine-month results to potential bidders soon. "We hope to be able to send (the audit) out to potential bidders on December 7, with the list comprising some 46-47 entities," he said. Interested parties have until Dec. 20 to submit bids in the privatization, with results expected on Dec. 22. Latvian Shipping, which is 100 percent state-owned, is the world's 19th largest shipping firm in terms of tonnage and posted a first half profit of $3.99 million.
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Carnival’s Costa Brand Orders Two LNG Cruise Ships

Costa’s two new cruise ships will be the largest ever built based on guest capacity; Costa will join sister brand AIDA Cruises in building the first-ever cruise

Pearl Seas Cruises Adds Voyages to Cuba

Pearl Seas Cruises plans to launch a series of “cultural voyages” from the United States to Cuba beginning in the spring of 2016, the cruise line announced today.

First Cruise Ship Docks at Teignmouth Port

History was made at ABP’s Port of Teignmouth with the visit of its first ever cruise ship. The Hebridean Princess, a luxury cruise ship, arrived from Dartmouth carrying 50 passengers.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1233 sec (8 req/sec)