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March 5, 2021
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Pressure Mounts With Lutheran Shipping Liquidation

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Morobe Governor Kelly Naru has lashed out at the Lutheran Church for not using the provincial government subsidies to redeem the Lutheran shipping company.

Naru said more than a million has been given to the Lutheran church to save Lutheran Shipping from liquidation, but no results were achieved. 

 

This comes after mounting pressure from Morobeans calling on the provincial government to bring back the vital lifeline of the people in coastal areas in the province.

 

 

The Lutheran Shipping issue is not a new one. This time, the frustration is coming from the Tutumang, the provincial house of assembly.

 

Over the last two months, the Morobe provincial government had come under fire from Morobeans, who wanted the Tutumang to rescue Lutheran Shipping after it was liquidated.

 

But according to the Morobe Governor, the provincial government on numerous occasions, pumped in money to subsidize outstanding debts to save Luship from plunging into bankruptcy. 

 

Two months ago, the shipping company was liquidated and its wharf facilities put on lease.

 

According to the Lutheran clergymen, they are working on retrieving its assets by fixing up its debts which amount to K10 million.

 

But the frustrating thing for the governor was the provincial government’s unsuccessful attempts in convincing the Lutheran church to allow Morobe Provincial Government to be the liquidator.  

 

Mounting pressure from the people is now on the provincial government to regain the shipping company from the liquidators.

 

The Morobe governor now says regaining these assets from the liquidators will not be easy.

https://youtube.com/watch?v=hBxVQ-HWA5E%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0

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