Lithuanian Shipping Company’s ship returns from Poland after covering part of its debt

DELFI (A.Žukauskaitės nuotr.)

The Deltuva with a crew of 19 arrived in the port last night, he told BNS.

The minister said that the ship’s release had been secured after paying part of the company’s debts to the Polish port and “reaching other agreements”.

“A part of the debts was paid by using the money provided by SEB Bankas for food products and fuel,” he said.

SEB Bankas, LJL’s main creditor, has provided a short-term loan of USD 650,000 to pay off the most pressing debts.

The funds will help ensure that LJL’s remaining four vessels, under detention in ports in Senegal, Italy, Portugal and the United States with crews of around 100 people in total, are supplied with fuel and other essentials, the Transport Ministry said in a press release on Thursday.

You may like

Be the first to comment

Leave a Reply

Your email address will not be published.