The Bremen, Germany, public prosecutor's department yesterday raided the offices of the insolvent Beluga Shipping. A day long search, apparently yielded more documentation relevant to the investigation launched two weeks ago against ex-CEO Niels Stolberg and other Beluga officials, according to local media.

A further Beluga Group unit reportedly filed for insolvency yesterday: Beluga Travel Lounge. The in-house travel agency specialized in trips to the Beluga School for Life, which was established by Mr. Stolberg to aid tsunami orphans in Thailand. How this project will fare without support from Beluga is unclear. However, the Weser Kurier newspaper says that Wille Lemke, a former Senator and a sports advisor to the UN, is promising to make efforts to find alternate funding for both the School for Life and Beluga College, a maritime-oriented educational establishment in Bremen.

March 24, 2011