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Latvian Shipping Company announces scholarship competition for future seafarers

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn Wednesday, 19 July, Latvian Shipping Company in cooperation with the foundation Vītolu fonds announces application to scholarship competition for future seafarers, which will take place prior too 19 August 2016.

The goal of the scholarship is to promote seafaring education and development of the sector in Latvia. The final year students of Latvian higher education institutions with good and excellent grades, who have undergone internship on any ship under technical management of the LSC subsidiary LSC Shipmanagement Ltd for at least four months can apply for the scholarship.

This academic year total funds of scholarships have increased and will exceed EUR 20,000, providing support for up to 6 students. Each scholarship holder will be granted monthly financial support in the amount of EUR 300 throughout the academic year.

«LSC Shipmanagement currently manages a fleet of 23 modern tankers. Our ship crews have proved their professional skills internationally and LSC Shipmanagement is valued as a reliable and competent partner. To maintain these high standards it is important for us that well educated and highly motivated new professionals enter the labour market. We see the scholarship program as a long-term investment into the development of employees and the company,» – says Robert Kirkup, the Chairman of the Management Board of Latvian Shipping Company.

LSC representative Ilze Bērziņa states: «Last year we started scholarship competition of Latvian Shipping Company between students of the Latvian Maritime Academy. Seeing the high responsiveness and enthusiasm of students, this year we gladly included in the competition also students of the Liepāja Maritime College, and in total 6 scholarships will be granted this year! The students who received scholarship in 2015 acknowledge that the financial support helped in their daily life and motivated them to reach higher study results. The students are confident that they will have opportunities to use the obtained knowledge in further work. The seafaring sector is developing and there is increasing demand for the educated, high-qualified specialists.»

Chairperson of the Management Board of the foundation Vītolu fonds Vita Diķe emphasizes: «Students are our future, their knowledge and attitude towards their responsibilities is relevant to their work quality. Many thanks to Latvian Shipping Company for the willingness to support young people and strengthen seafaring traditions in Latvia!»

In order to participate in the scholarship competition, applicants have to submit a filled in scholarship candidate evaluation form, statement of grades with a calculated average grade, description of course of life and a motivation letter in English language until August 19.

The application form and further information about the course of the scholarship competition is available on the LSC website: http://www.lk.lv/lv/karjera/as-latvijas-kugnieciba-stipendija/

Latvian Shipping Company (NASDAQ RIGA: LSC1R) is among the biggest vessel owners in the segment of medium and handy size tankers and takes leading positions in terms of the transported amount of petroleum products among similar companies in Northern Europe. The company owns 16 modern vessels employing more than 1300 professional and high-skilled seamen from Latvia. Besides, it is technically serving 7 more vessels, thus managing a fleet of 23 vessels. The average age of the LASCO fleet is 8 years. All of the vessels have received ISM (International Safety Management) certificates.

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