Financial sinking for Lauru Shipping


CHOISEUL’S Provincial Assembly is now on the plank to decide on the future of Lauru Shipping Company as it is reported heading towards sinking financially.

The Member of Provincial Assembly (MPA) for Ward 12 at Varisi Lavata Hon Nerio Ulemiki revealing what he describes to be their current government’s great concern said this is due to the previous Provincial Government’s non-compliance to the advice given by the Ministry of Provincial Government and Institutional Strengthening (MPGIS).

He said the shipping company’s fate was made known during the Induction and Orientation of a Training Workshop facilitated by the (MPGIS) team from Honiara at Taro last week for the Members of Provincial Assembly (MPAs) and Heads of Division.

“The team during the Induction and Orientation highlighted four options for the province to choose from in order to salvage Lauru Shipping.

“The four options are consolidating Lauru Shipping Company’s assets which, is unlikely to happen as it breached certain sections of the revised financial management ordinance for clean audit, outright selling of its assets, selling of shares to private shareholders, or lease it to private companies to run the company.

“It is now time for the Choiseul Provincial Government to decide on which of the four options to follow,” said Hon Ulemiki.

Island Sun had queried this issue yesterday through the current and former Premiers of Choiseul Province over which no responses were given before this paper went for print.

Call attempts to MPGIS also over this matter were not possible.

According to Hon Ulemiki, the Training Workshop facilitated by the MPGIS team is still continuing.

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