Rimvydas Skyrius News

After a number of starts and stops, it appears that the new year will bring in fresh opportunities for shipping companies to expand fleets with Lithuanian fleet acquisitions. Both JSC Klaipeda Transport Fleet (KTF) and JSC Lithuanian Shipping Company are set to hit the theoretical auction block. Following are key details of both auctions. KTF is one of the largest Lithuanian shipping companies, whose principal activities are transportation of refrigerated cargo by sea and lease of sea transport vessels. The state holds and offers 105,800,225 (80.89 percent) shares in the company at the starting price of 48,668 thous.LTL (1 EUR=3.4528 LTL). KTF owns and operates 16 medium and small-sized cargo reefers, with a total fleet capacity of 85,664 cu.