KLASCO stumbles out of the gate

Jul 22, 1999

KLAIPEDA (BNS) - The first five months of 1999 have not been especially kind to KLASCO, the sea cargo company based in the port city of Klaipeda, but at least things are brighter than in 1998.The largest operator at Klaipeda port, KLASCO lost 9.7 million litas ($2,425,000) between January and May 1999. Last year during those same months, the loss was 10.4 million litas.Valdas Sutkus, a KLASCO spokesman, said the reduction of metal freight, which once accounted for 80 percent of cargo, has cost t ...

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