Lutheran Shipping Vessels Sold By Liquidator, Eight Remain

The liquidator tasked with the sale of what used to be the Lutheran Shipping company assets  is yet to sell off eight of the ten remaining vessels.

The call for tenders closed on the 1st of August.  The liquidators, Guinn PKF,  have since sold off two vessels synonymous with Luship – the Maneba and Gejamsao.


The ships    are now docked at  Lae’s old Namasu wharf.   They  were sold to the Morobe coast shipping services. 


The liquidators do not  want to reveal  how much they got for the sale.   But  the figure  in the millions  reflects how important the Gejamsao is for the  Morobe passengers. 


Since the announcement of the liquidation earlier this year, costs have gone up for the average sea traveler.  A journey that used to cost about 100 kina to Finchhafen and the island of Siassi  on the Gejamsao is now costing   over K1000 with boat owners forking out 10 times more   for boat fuel.


Luship may now be a thing of the past, but Lutheran Church faithful continue to express  frustration over the management of the shipping company.


The poor financial state of the  Church  owned shipping company spurred numerous protests  over the last 24 months by Lutheran parishioners  demanding answers. 


In 2013, workers went on strike  over safety issues.  Much of it has remained unresolved.


While there have been allegations of corruption and at least one investigation the church  has remained tightlipped.


The Liquidator,  Guinn PKF  says  they’ve received over 10  expressions of interest from  potential local and overseas  buyers for the eight remaining vessels.


Over the next few weeks they’ll be  speaking with the  buyers  to negotiate pricing.  But until, a shipping service is reestablished, the people of Morobe will continue to suffer.

Related posts

Pukpuk’s Seniors to Take Lead

EMTV Online

ITU-ABU 2016 Pacific Media Partnership Conference

Leanne Jorari

Ita Cyclone Relief Recieves K15, 000

EMTV Online

Leave a Comment

error: Content is protected !!