Latvian Shipping Company Selling Non-Core Assets

first_imgzoom The solvency of LLC LASCO Investment, a subsidiary of JSC Latvian Shipping Company, has been fully restored after a decision of the Riga City Vidzeme Suburb Court on Monday, August 24.The decision was made following the settlement among company’s creditors and will enable the shipping company to resume to sale of its non-core assets.“Latvian Shipping Company will continue the disposal of non-core assets to help meet financial obligations and maintain its focus on its core business. LASCO Investment will therefore look to sell its property portfolio,” notes Chairman of the Board of JSC Latvian Shipping Company, Robert Kirkup.LLC LASCO Investment is a company holding and managing the real estate owned by the Latvian Shipping Company. The real estate portfolio consists of the Publishing House building, recreation centre Liejastiezumi, hotel Rigas Licis, Ventspils Business Centre and others.On August 3, 2015, the activity of the board of LLC LASCO Investment was restored and Robert Kirkup was appointed chairman of the board for a three-year term.Latvian Shipping Company manages a fleet of 20 medium and handy size tankers, employing more than 500 seamen from Latvia. The average age of the LASCO fleet is 8 years.last_img read more

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Province Ready to Repair Lighthouse Beach

first_imgThe province is ready to hire contractors to repair Lighthouse Beach in Pictou County, as soon as federal approval for the project is received. The beach is vulnerable to winter storms and has been washed out numerous times. The Department of Transportation and Public Works has attempted repairs of this stretch of Crown land to prevent further erosion. The repair job is more urgent now because testing done by the Department of Environment and Labour has shown unacceptable levels of fecal streptococcus in the water in Moodie Cove. Federal approval is necessary for the repair work to begin. The source of the contamination is thought to be a sewage treatment plant within the federal jurisdiction of the Pictou Landing First Nation community. The contaminated water is flowing through the washed-out section of the beach and into Moodie Cove. Repairing the beach is expected to solve the contamination problem in the cove. Transportation and Public Works plans to implement a long-lasting solution when it repairs the beach. Large rocks will fill the washed-out area and be covered with sand. In the spring, grasses will be transplanted on the dune side of the repaired beach.last_img read more

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Jamie Dornan to costar Kristen Wiig Annie Mumolo in Barb and Star

first_imgLos Angeles: “Fifty Shades Freed” star Jamie Dornan is set to star alongside Kristen Wiig and Annie Mumolo in the upcoming comedy “Barb and Star Go to Vista Del Mar”. Wiig and Mumolo will co-wrote and co-star in the film, which will be directed by Josh Greenbaum, according to The Hollywood Reporter. The project marks their reunion, eight years after they co-wrote their 2011 comedy “Bridesmaids”. “Barb and Star Go to Vista Del Mar” revolves around best friends Barb and Star (Wiig and Mumolo), who leave their small midwestern town for the first time to go on vacation in Vista Del Mar, Florida, where they soon find themselves tangled up in adventure, love and a villain’s evil plot to kill everyone in town. Dornan, 37, will play Edgar, a lovelorn spy who gets caught between the forces of good and evil. Gloria Sanchez Productions, the female-focused film and television production company founded and led by Jessica Elbaum, Will Ferrell and Adam McKay, will produce the project along with Wiig and Mumolo.last_img read more

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