8 December, 2025, 3:34 pm Central - 27°C Rain

Concerns raised on ownership of MV Lau Trader

Concerns raised on ownership of MV Lau Trader

By fijivillage.com
15/07/2011
Concerns have been raised by the district representative of Lomaloma, Pita Foi’akau in the Lau Provincial Council meeting on why the province’s vessel, the MV Lau Trader did not appear as one of the assets of the Yatu Lau Company.

Foi’akau said that he wanted to know the answer because they are shareholders of the Yatu Lau Company.

Yatu Lau Chief Executive Officer Michael Makasiale said the owner of the vessel is not Yatu Lau but Lau Shipping Company and the question has to be directed to the Lakeba Tikina Limited and the Ika Vuka enterprises.

Lau Provincial Council Chairman Filipe Bole then asked the question on whether they have anything in writing on the Lau Shipping Company to explain to the members of the council.

Makasiale said they will try to get all the information and put it in writing.

Arrangements to purchase the vessel for the province were done by Ratu Tevita Uluilakeba Mara.

It was bought for $1 million from NZ.


Story by: Vijay Narayan & Tokasa Rainima
FEATURE NEWS
Man who allegedly murdered wife in Veisari told to seek legal representation
The man who allegedly murdered his wife after a heated argument in Veisari on Saturday has been told by the Suva Magistrates Court to seek legal repre...
1 hour ago
LATEST NEWS
Sangam Fiji begins nationwide events as it nears 100-Year milestone
With its 100-year milestone approaching, the Then India Sanmarga Ikya (TISI) Sangam will hold a series of nationwide events to mark the “Road to ...
2 minutes ago

Testing on Flood Early Warning System for Nadi Lautoka and Ba from tomorrow till Friday
The Fiji National Disaster Risk Management Office (NDRMO) will be conducting inspections and testing of the Flood Early Warning System (FEWS) in ...
5 minutes ago

Kiwi charged with trying to smuggle AUD$10M of heroin into Sydney
A New Zealand man has been charged with trying to import AUD$10 million worth of heroin into Sydney in floral-patterned bags. In a joint statement ...
60 minutes ago

FNPF surpasses $1 billion income mark, delivers highest interest rate in over 30 years
The Fiji National Provident Fund (FNPF) has recorded its strongest financial performance in history, generating more than $1 billion in investment ...
1 hour ago

25 dead in Goa nightclub fire, owners on the run
A massive fire at a Goa nightclub in India killed 25 people, with police saying the blaze spread quickly because the club was built with wooden ...
1 hour ago



Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Dubai 7s 2025
The Fiji Airways Men’s National 7s side are working on their fitness as they prepare for the start of the 2025/2026 World 7s Series this ...
4 hours ago

Fiji Law Society Convention 2025
There is a constant struggle that we seem to have in Fiji with upholding and respecting the rule of law, and in my view, I think it starts at the ...
3 days ago

Tribunal case of suspended Commissioner of Corrections Dr Nakarawa
Tribunal proceedings for suspended Corrections Commissioner Dr Nakarawa are underway, focusing on allegations of misbehaviour during his tenure as ...
3 days ago

TOP