Riga Freeport receives new tugboat

Riga Freeport, Latvia, received the first of two tugboats financed with a loan from NIB. The 34-metre long ice-reinforced tugboat named Santa was built at the Riga Kugu Buvetava shipyard and floated out on 11 April. The tugboat is equipped for piloting large vessels into the harbour of Riga, oil skimming, fire-fighting as well as other harbour operations. The loan agreement with the Freeport totalling EUR 14 million for financing the acquisition of the tugboats was signed in 2006.