Latvian Shipping Company

 

Fondo H Estonia – FH S.p.A. Subsidiary – announces that it has completed the acquisition of 13% of the share capital Latvian Shipping Company (LSC).

The interest in the company, which operates in an industry in which FH has relevant experience, takes into account the characteristics of the company and its capital base. This new operation, you put in the new types of investment FH, undertaken with the similar operations carried out by the subsidiary BCC1 SpA, oriented towards finding solutions to transnational joint ventures for the purpose of enhancing the quality and managerial experience of the Group FH in particular Finaval SpA, which operates in the same specific area of the target company. 

Latvian Shipping Company (LSC) is a joint stock company listed on the NASDAQ OMX Riga and is primarily engaged in the trasportation of oil products, chemicals and crude oil utilizing its handy size and medium range tanker fleet. The LSC fleet trades worldwide ranging from the Baltic Sea and Northern Europe to the Black Sea, Mediterranean Sea, Atlantic Ocean, the Caribbean region as well as the far and Middle East. Additionally the tankers within the LSC fleet are specifically designed for trading in ice conditions giving its customers even greater trading flexibility during harsh winter periods.

The mission of Latvian Shipping Company is to service its customers with a modern tanker fleet run by a team of professional Latvian officers, crew and shore based staff that guarantees a highly professional service always in compliance with international safety standards. LSC endeavor to ensure that the cargo is always transported safely in accordance with strict environmental standards and punctually in accordance with customer requirements. A key element in the succes LSC is the professionalism of its "in-house" ship-management company which is a fully owned subsidiary of LSC.

 

Fondo H Estonia is an investment holding company founded to develop the FH Group investments in the Baltic Area.

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