JSC  "Rīgas  transporta  flote" earned a profit of LVL 1,241,028 in the

first  half  of  2003.  Presently  the  company  owns  14  vessels. The

modernisation  and  unification  of the fleet resulted in a high demand

for  the  company  reefers  in international market. Acquisition of two

vessels,   "FRIO  Carbic" and "FRIO Pacific" allowed the Company to use

its  entire  vessel  pool efficiently. Owing to the small running costs

and  optimal  deadweight, the vessels remain attractive and competitive

in international market.