Economy
Lithuanian Shipping Company
Politics
PM criticises liberals over their stance on loan to Lithuanian Shipping Company
Prime Minister Algirdas Butkevičius says Eligijus Masiulis, the leader of the Liberal Movement, made a populist decision to oppose efforts to salvage the Lithuanian Shipping Company‘s (LSC) and address prosecutors. […]
Economy
Lithuanian Shipping Company gets new chief
Sigitas Dobilinskas has been appointed to head Lithuania’s financially troubled state-owned Lithuanian Shipping Company (Lietuvos Jūrų Laivininkystė). […]
Economy
Lithuanian Railways to grant EUR 3m loan to LJL
Lithuania’s state-owned railway operator Lietuvos Geležinkeliai (Lithuanian Railways) will provide a 3-million-euro loan to financially-troubled Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL). […]
Economy
Situation on board of Lithuanian LJL’s ships stuck abroad getting worse
Situation on board of four ships of Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL) stuck in foreign ports is getting increasingly worse. […]
Economy
Loan to Lithuanian Shipping Company is but temporary solution, deputy minister says
An additional 3-million-euro loan issued by SEB Bankas to Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL), a financially-troubled Lithuanian shipping company with debts of more than 20 million euros, is a temporary solution, a deputy transport minister has admitted. […]
Politics
Lithuanian president criticizes government for trying to rescue state-owned shipping company
President Dalia Grybauskaitė says that the government’s decision to rescue Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL) from bankruptcy at the expense of dividends from Lietuvos Geležinkeliai (Lithuanian Railways) is a short-term solution, adding that the transport minister and the prime minister are responsible for the poor situation the state-controlled dry bulk operator is in. […]
Economy
No bankruptcy for cash-strapped Lithuanian Shipping Company for now
Bankruptcy proceedings of Lithuania’s financially-troubled shipping operator Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL) will not be initiated yet, the prime minister has said after a meeting with several ministers and executives of LJL and SEB Bankas. […]
Economy
Lithuanian government to discuss help for collapsing state shipping company
The Lithuanian government will on Friday hold a meeting to discuss ways to help the crews of Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL), a collapsing state-owned ship operator, to return home. […]
Economy
Lithuanian Shipping Company’s ship returns from Poland after covering part of its debt
One of the detained ships of state-controlled company Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL), which is facing bankruptcy proceedings, has returned from the Polish port of Gdansk to Klaipėda, Transport Minister Rimantas Sinkevičius confirmed on Thursday morning. […]