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Riga Shipyard

Summary

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.

JSC Riga Shipyard
Native name
Latvian: AS Rīgas kuģu būvētava
Company typeJoint stock company
Nasdaq Baltic: RKB1R
IndustryShipbuilding, Metalworking
Founded1913; 111 years ago (1913)
HeadquartersGāles iela 2,
Riga
,
Latvia
Area served
Europe
Key people
Jānis Skvarnovičs (Chairman)
Einārs Buks (CEO)[1]
ProductsPatrol Boats, Fishing Vessels, Workboats, Ferries, Barges, Oil tankers, Tugboats
Revenue1,674,927 Euro (2022) Edit this on Wikidata
1,006,722 Euro (2022) Edit this on Wikidata
Total assets7,712,263 Euro (2022) Edit this on Wikidata
Number of employees
38 (2022) Edit this on Wikidata
Websitewww.riga-shipyard.com

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
    Members of the Saeima and former director Vasīlijs Meļņiks at the shipyard in 2011
  • Work on a ship hull
    Work on a ship hull
  • Inside the works
    Inside the works
  • A scale model of a Skrunda-class patrol boat, built by the shipyard
    A scale model of a Skrunda-class patrol boat, built by the shipyard

See also edit

References edit

  1. ^ "Riga Shipyard Financial statements of Q1 2016" (PDF). Nasdaq Baltic. Retrieved May 18, 2016.
  2. ^ "Riga Shipyard". www.riga-shipyard.com. Retrieved 21 December 2017.
  3. ^ "Kuģu remonta rūpnīca". Cita Rīga (in Latvian). 2022-07-24. Retrieved 2024-03-14.
  4. ^ "Латвиец, который продал Украине "вышку Бойко", получил орден от Путина" [Latvian Who Sold 'Boyko Platform' Gets Awarded by Putin] (in Russian). Epravda. 2015-02-27. Retrieved 2021-12-15.
  5. ^ "Rīga shipyard fined, told to file accounts immediately". LSM.lv. 2020-01-17. Retrieved 2021-12-15.
  6. ^ "Krasta apsardzes patruļkuģu būves projekts | Nacionālie bruņotie spēki" [Coast Guard Patrol Vessel Construction Project | National Armed Forces]. www.mil.lv (in Latvian). Retrieved 2024-03-06.

External links edit

  • Official website  

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