Latvian Shipping Company's arm LCS Shipmanagement has expanded its fleet with a newbuild tanker Elandra Palm.

Elandra Palm is the second out of three new ships being built by the South Korea-based shipyard SSP Shipbuilding. The first of the three ships, Elandra Spruce, was received on Jan. 11, while the final fleet addition from the series is expected in May with the delivery of Elandra Oak.

"LSCSM adds the next ship to the fleet under its management to reach its maximum petroleum and chemical substance transportation capacity," said Robert Kirkup, Latvian Shipping Company's Chairman of the Management Board.

The 50,300dwt Elandra Palm has a length of 183 meters and width of 32 meters.

Latvian Shipping Company has currently 22 ships in its fleet.