Riga Shipyard

JSC Riga Shipyard

Riga Shipyard dry docks in Vecmīlgrāvis

Native name

| Latvian: AS Rīgas kuģu būvētava
Type| Joint stock company

Traded as

| Template:OMXbaltic
Industry| Shipbuilding, Metalworking
Founded| 1913; 113 years ago (1913)
Headquarters| Gāles iela 2,

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.

Established in 1913, the enterprise was decimated by both world wars, although revived both times afterwards.[2] During the Soviet occupation, the shipyard was called the Riga Ship Repair Factory (Rīgas Kuģu remonta rūpnīca, RKRR).[3] Riga Shipyard was privatized in 1995. The Riga Shipyard has repaired more than 100 seagoing vessels per year and has built more than 150 hulls, some partially outfitted, since 1997.

According to press, in 2013 suffered €1.6 mln losses in 2013 and €1.5 mln in 2014, almost going bankrupt in 2014.[4] 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.[5]

Among the vessels built by the Riga Shipyard are five Skrunda-class patrol boats for the Latvian Naval Forces (in cooperation with the German Abeking & Rasmussen shipyard). The contract was signed in 2007 and the last boat entered service in March 2014.[6]

The football club FK Jūrnieks was originally founded as the shipyard's official team.

* Members of the Saeima and former director Vasīlijs Meļņiks at the shipyard in 2011

* Work on a ship hull

* Inside the works

* A scale model of a Skrunda-class patrol boat, built by the shipyard

## See also

* Baltic Workboats
* Tosmare Shipyard (lv) in Tosmare, Liepāja

## 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. ↑ "Kuģu remonta rūpnīca" (in lv). 2022-07-24. https://www.citariga.lv/lat/vecmilgravis/rupnieciba/kugu-remonta-rupnica/.
4. ↑ "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.
5. ↑ "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.
6. ↑ "Krasta apsardzes patruļkuģu būves projekts | Nacionālie bruņotie spēki" (in lv). https://www.mil.lv/lv/par-mums/par-nbs/attistibas-un-darbibas-planosana/krasta-apsardzes-patrulkugu-buves-projekts.

## External links

* No URL found. Please specify a URL here or add one to Wikidata.

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

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