Riga Shipyard

JSC Riga Shipyard

Native name

| Latvian: AS Rīgas kuģu būvētava

|

Type| Joint stock company

Traded as

| Template:OMXbaltic
Industry| Shipbuilding, Metalworking
Founded| 1913; 110 years ago (1913)
Headquarters|

Riga

Latvia

Area served

| Europe

Key people

| Jānis Skvarnovičs (Chairman)
Einārs Buks (CEO)[1]
Products| Patrol Boats, Fishing Vessels, Workboats, Ferries, Barges, Oil tankers, Tugboats
Website| www.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

1. ↑ "Riga Shipyard Financial statements of Q1 2016". Nasdaq Baltic. http://www.nasdaqbaltic.com/upload/reports/rkb/2015_q1_en_eur_00_las.pdf. Retrieved May 18, 2016.
2. ↑ "Riga Shipyard". http://www.riga-shipyard.com/about/. Retrieved 21 December 2017.
3. ↑ "Латвиец, который продал Украине "вышку Бойко", получил орден от Путина" (in ru). Epravda. 2015-02-27. https://www.epravda.com.ua/rus/news/2015/02/27/531253/. Retrieved 2021-12-15.
4. ↑ "Rīga shipyard fined, told to file accounts immediately" (in en). LSM.lv. 2020-01-17. https://eng.lsm.lv/article/economy/business/riga-shipyard-fined-told-to-file-accounts-immediately.a345171/. Retrieved 2021-12-15.

## External links

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

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