To modernize the “Latvian Shipping Company” (LSC) fleet in period from May to July, Riga Shipyard” will be accommodating eight tankers through their technical repair, painting works and new installation of satellite equipment.

3.6 million US dollars (3.2 million euros) on average will be invested in the ship repair works, 450 000 to 500 000 US dollars (447,800 euros) per vessel.

Three out of eight vessels – “Krisjanis Valdemars”, “Puze” and “Piltene”, have been successfully repaired. General repairs were made, as well as hull finishing works, which are possible only in dry dock.