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Latvian Shipping Company
Latvian Shipping Company (, ) is a Latvian shipping company founded on 29 October 1940 and listed on the Riga Stock Exchange, NASDAQ OMX Riga. The company owns 20 ships, employing more than 700 seamen from Latvia. The total carrying capacity of the LK fleet is 957 974 DWT and the average age of the fleet does not exceed 6.5 years. Its main shareholder is Ventspils Nafta (49.94%). History The date of the company's foundation is 29 October 1940, when the Latvian State Shipping Company was established by a decision of the Council of People's Commissars of the USSR. Its fleet consisted of 54 vessels. After the war, the Latvian State Navy had only eight ships. In the late 1950s, the fleet began to be renewed with new ships. In 1961, the oil base of the Ventspils port began to operate, and the shipping industry began to specialise in oil transport. The fleet was expanded with tankers, reefers, gas carriers and container carriers. In the 1980s, the number of vessels reached 100; 90% of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the Perpetual succession, continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the Unite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatised
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, Water privatization, water supply, and penology, prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport Companies Established In 1940
Transport (in British English) or transportation (in American English) is the intentional Motion, movement of humans, animals, and cargo, goods from one location to another. Mode of transport, Modes of transport include aviation, air, land transport, land (rail transport, rail and road transport, road), ship transport, water, cable transport, cable, pipeline transport, pipelines, and space transport, space. The field can be divided into infrastructure, vehicles, and operations. Transport enables human trade, which is essential for the development of civilizations. Transport infrastructure consists of both fixed installations, including roads, railways, airway (aviation), airways, waterways, canals, and pipeline transport, pipelines, and terminals such as airports, train station, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fuel docks and fuel stations), and seaports. Terminals may be used both for the interchange of passengers and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Riga
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shipping Companies Of Latvia
Freight transport, also referred to as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air (International English: "carriage") as well. "Logistics", a term borrowed from the military environment, is also used in the same sense. History Prehistoric Era Initial human civilization relied heavily on domesticated animals, such as horses, camels, and donkeys, to transport their goods. The invention of the wheel in Mesopotamia in 5000BC improved this efficiency by allowing for carts and carriages to be created, which animals could pull. Classical Era Romans The Romans built a vast network of roads, which facilitated trade across the numerous cities in its empire. Silk Road Transport along the silk road, a land-based route, was generally done through caravans, equipped with came ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanker (ship)
A tanker (or tank ship or tankship) is a ship designed to transport or store liquids or gases in Bulk liquids, bulk. Major types of tanker ship include the oil tanker (or petroleum tanker), the chemical tanker, Cargo ship, cargo ships, and a gas carrier. Tankers also carry commodities such as vegetable oils, molasses and wine. In the United States Navy and Military Sealift Command, a tanker used to refuel other ships is called an oiler (ship), oiler (or replenishment oiler if it can also supply dry stores) but many other navies use the terms tanker and replenishment tanker. Tankers were first developed in the late 19th century as iron and steel hulls and pumping systems were developed. As of 2005, there were just over 4,000 tankers and supertankers or greater operating worldwide. Description Tankers can range in size of capacity from several hundred tonnage, tons, which includes vessels for servicing small harbours and coastal settlements, to several hundred thousand tons, f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyundai Mipo Dockyard Co
Hyundai is a former South Korean industrial conglomerate ("''chaebol''"), which was restructured into the following groups: * Hyundai Group, parts of the former conglomerate which have not been divested ** Hyundai Asan, a real estate construction and civil engineering company * Hyundai Motor Group, the automotive part of the former conglomerate ** Hyundai Motor Company, an automobile manufacturer ** Hyundai Mobis, a car parts company ** Hyundai Motorsport, a racing team ** Hyundai Rotem, a manufacturer of railway vehicles, defense systems, and factory equipment ** Hyundai Engineering and Construction, a construction company * HD Hyundai Group, the heavy industry part of the former conglomerate ** HD Hyundai Heavy Industries, the primary company representing the group ** HD Hyundai Mipo, a shipbuilding company ** HD Hyundai Samho, a shipbuilding company ** HD Hyundai Oilbank, a petroleum refinery company * Hyundai Department Store Group, the retail division of the former conglomerat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Joint-stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the Perpetual succession, continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the Unite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riga Stock Exchange
The Nasdaq Riga, formerly Riga Stock Exchange, is the sole stock exchange operating in Riga, Latvia. It is owned by Nasdaq, which also operates exchanges in the USA, Denmark, Sweden, Finland, Iceland, Armenia, Lithuania, and Estonia. Established in 1993. Riga Stock Exchange, together with Vilnius Stock Exchange and Tallinn Stock Exchange is part of the joint Baltic market that was established to minimize investing barriers between Latvian, Lithuanian and Estonian markets. OMX Riga (OMXRGI) is an all-share index consisting of all the shares listed on the Riga Stock Exchange. The exchange has a pre-market session from 08:30am to 10:00am, a normal trading session from 10:00am to 04:00pm, and a post-market session from 04:00pm to 04:30pm. See also *List of stock exchanges *List of European stock exchanges *Nasdaq Copenhagen *Nasdaq Stockholm *Nasdaq Helsinki * Nasdaq Vilnius *Nasdaq Tallinn *Nasdaq Iceland References External links nasdaqbaltic.com Official websiteNasdaq Balt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riga
Riga ( ) is the capital, Primate city, primate, and List of cities and towns in Latvia, largest city of Latvia. Home to 591,882 inhabitants (as of 2025), the city accounts for a third of Latvia's total population. The population of Riga Planning Region, Riga metropolitan area, which stretches beyond the city limits, is estimated at 847,162 (as of 2025). The city lies on the Gulf of Riga at the mouth of the Daugava (river), Daugava river where it meets the Baltic Sea. Riga's territory covers and lies above sea level on a flat and sandy plain. Riga was founded in 1201, and is a former Hanseatic League member. Riga's historical centre is a UNESCO World Heritage Site, noted for its Art Nouveau/Jugendstil architecture and 19th century wooden architecture. Riga was the European Capital of Culture in 2014, along with Umeå in Sweden. Riga hosted the 2006 Riga summit, 2006 NATO Summit, the Eurovision Song Contest 2003, the 2013 World Women's Curling Championship, and the 2006 IIHF Wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shipping Company
A shipping line or shipping company is a company whose line of business is ownership and operation of ships. Shipping companies provide a method of distinguishing ships by different kinds of cargo: # Bulk cargo is a type of special cargo that is delivered and handled in large quantities. # General cargo, now known as break-bulk cargo, refers to a wide assortment of goods that may be delivered to several ports around the world. # Oil became a crucial part of the shipping industry in the early 20th century. Its use varied from lubrication for developed machinery, burning in boilers and industrial plants, as well as for operating engines. Oil is also primarily shipped by specific shipping companies as opposed to other forms of transportation. This is considered a type of special cargo. The shipping of oil has become a debated issue due to the environmental impacts of both oil spills and oil tankers. # Passenger cargo is the business of transporting people on shipping lines for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ventspils Nafta
Ventspils () is a state city in northwestern Latvia in the historical Courland region of Latvia, and is the sixth largest city in the country. At the beginning of 2020, Ventspils had a population of 33,906. It is situated on the Venta River and the Baltic Sea, and has an ice-free port. The city's name literally means "castle on the Venta", referring to the Livonian Order's castle built alongside the Venta River. Other names Ventspils was historically known as ''Windau'' in German. It had a Russian name from the time of the Russian Empire, called ''Виндава (Vindava)'' or ''Виндау (Vindau),'' although ''Вентспилс (Ventspils)'' has been used since World War II. Some other names for the city include , Estonian: Vindavi, and . History Ventspils developed around the Livonian Order Ventspils Castle, built along the Venta River. It was chartered in 1314 and became an important mercantile city of the Hanseatic League. As part of the Duchy of Courland, Ventspi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
