Company:Riga Shipyard

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Short description: Company based in Riga, Latvia
JSC Riga Shipyard
Native name
Latvian: AS Rīgas kuģu būvētava
TypeJoint stock company
Template:OMXbaltic
IndustryShipbuilding, Metalworking
Founded1913; 111 years ago (1913)
Headquarters,
Latvia
Area served
Europe
Key people
Jānis Skvarnovičs (Chairman)
Einārs Buks (CEO)[1]
ProductsPatrol Boats, Fishing Vessels, Workboats, Ferries, Barges, Oil tankers, Tugboats
Websitewww.riga-shipyard.com

Riga Shipyard (Latvian: Rīgas kuģu būvētava) is a Latvian shipyard as well as one of the largest shipyards in the Baltic region. The shipyard has 9 berths, 3 docks and 2 slipways on the banks of Daugava river channels. The yard is capable to accommodate Panamax size vessels for dry-docking and Aframax size vessels for afloat repairs. Riga Shipyard has repaired more than 100 seagoing vessels per year and has built more than 150 hulls, some partially outfitted, since 1997. Established in 1913, the enterprise was torn by both world wars, which was revived both times.[2] Riga shipyard was privatized in 1995.

According to press, in 2013 suffered €1.6 mln losses in 2013 and €1.5 mln in 2014, almost going bankrupt in 2014.[3] In 2020 Latvia's Financial and Capital Markets Commission (FKTK) fined the shipyard for violation of the Financial Instruments Market Law. According to the FKTK, the shipyard didn't provide audited financial statements for 2018 and interim financial statements for the first nine months of 2019. The shipyard was ordered to immediately provide all the necessary documents.[4]

See also

  • Baltic Workboats

References

External links

[ ⚑ ] 57°01′41″N 24°07′16″E / 57.028°N 24.121°E / 57.028; 24.121