Lithuanian Shipping Company Extends Tanker Loan
The financially-troubled Lithuanian Shipping Company (LSC) has reached the agreement to extend its loan facility on Medium Range tankers Latgale and Zemgale for a further period of two years.
Lithuanian Shipping Company’s Liquidation Starts
Klaipeda County Court has decided to declare the PC Lithuanian Shipping Company bankrupt and began the process of liquidation, the company said in a notice to creditors dated May 30.