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Port Moresby
October 25, 2021
News

Lutheran Shipping Liquidation Impacts

Lutheran shipping is a household name for coastal communities in the Morobe province and other parts of Papua New Guinea.

It’s services reach communities with limited means of land transport.

 

Four weeks ago, the management of the company liquidated the company, and its shipping services were halted.

 

Ricky Iba, from Sialum in the Tewai Siassi district is a cocoa farmer.

 

Today he raised concerns on how he’ll be able to bring his cocoa bags to sell in Lae.

 

A boat trip from the Tewai Siassi District takes about 16 hours. During bad weather, it may take several days.

 

After almost two years of a long dispute within the management of the company, the council of the Evangelical Lutheran church of Papua New Guinea made the decision to liquidate the company.

 

It’s understood, the company has a debt of about K10 million that it has yet to repay to its creditors.

 

The people are also raising concerns over, a situation that may arise, where health and education supplies won’t be delivered on time, and the prices of store goods are expected to inflate.

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