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With only a few days into 2016, decision-makers in the Lithuanian seaport of Klaipėda glance over their shoulders assessing the previous year, but eyes are already set on the future. Everyone agrees that if it all pans out as planned, Klaipėda in 2016 will be a place to watch.
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.
Sigitas Dobilinskas has been appointed to head Lithuania's financially troubled state-owned Lithuanian Shipping Company (Lietuvos Jūrų Laivininkystė).
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).
Situation on board of four ships of Lietuvos Jūrų Laivininkystė (Lithuanian Shipping Company, or LJL) stuck in foreign ports is getting increasingly worse.
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.
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 ...
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.
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.
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.
