No Picture
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. […]

Dalia Grybauskaitė
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. […]

Gdansk
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. […]