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 February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Holland America Line Appoints Geivett as Director, Social Media

Holland America Line has hired Kathryn Geivett as director, social media. In this capacity Geivett’s primary responsibility will be to drive, plan and oversee

Editorial: Gettin’ Crabby with Deadliest Catch

As February is our traditional cruise shipping edition, naturally we’ve selected a fishing boat and two crabs for the cover. But as many of you may already know,

Her Majesty The Queen to Name Britannia

Her Majesty The Queen, accompanied by His Royal Highness The Duke of Edinburgh, will name the new P&O Cruises vessel Britannia in Southampton on March 10, 2015, P&O Cruises announced.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.3200 sec (3 req/sec)