MARIJA NAUMOVA BECOMES GODMOTHER OF THE LASCO*S FIRST TANKER NEWBUILD IN KOREA


Latvijas kuģniecība                                     18.01.2007

THE WINNER OF THE 47TH EUROVISION SONG CONTEST MARIJA NAUMOVA 
BECOMES GODMOTHER OF THE LASCO*S FIRST TANKER NEWBUILD IN KOREA 

JSC Latvijas kuģniecība (Latvian Shipping Company - LASCO) informs that
today, 18 January 2007, the first of four tanker newbuilds ordered by
LASCO at Korea*s shipyard  Hyundai Mipo Dockyard Co. Ltd. (HMD) named
Kraslava has been delivered in a festive delivery ceremony. The great
honour of being the ship*s Godmother was entrusted to Ms. Marija
Naumova, a UNICEF Goodwill Ambassador and the winner of the 47th
Eurovision song contest (under the stage name of Marie N). In total,
four tanker newbuilds have been ordered by LASCO at HMD. 

Within this year, following the newly built m/t Kraslava, LASCO will
take the delivery of three middle-range (37,258 dwt each) double-hull
ice-classed sister-vessels compliant with all EU marine safety
requirements and international conventions, which will enable the Group
to approach its main strategic goal set in LASCO Strategic Plan
2005-2010, namely, to retain the Group*s position among the world*s
top ten handy-size and middle-range tanker owners at the same time
preserving its leading position in the North European market.
  
Presently LASCO fleet consists of 31 product tankers, 5 reefer vessels,
2 LPG carriers, 1 Ro-Ro/general cargo vessel, as well as 3 tankers (Blue
Star, Green Star and Maria M) time chartered in from other shipowners.

For detailed information:
Marita Ozolina-Tumanovska
Head of PR Department
Phone: (+371) 7020120, (+371) 29287169
E-mail: marita.ozolina@lscgroup.lv