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.
Gdansk
© 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.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Proposals to charge employers with specifying wages in job adverts received negatively

The amendments to the Labour Code proposed by the “Farmers”, where employers would have to...

Proposals on air quality: maximum odour concentration in air to be reduced

In order to improve air quality and reduce discomfort for those residing near industry, manufacturing...

Capella Baltica increasing investment in Klaipėda FEZ

Capella Baltica, a Spanish cosmetics and food industry supplier, has increased the amount of its...

How blockchain technology will change the world trade?

The field of research of World Trade Organisation chief analyst Emmanuelle Ganne is the application of...

Welcome to Vilnius workshops to support foreign talent relocating to Lithuania’s capital

This Tuesday Vilnius’ business development and tourism agency Go Vilnius at the Workland Business...