Parliament has endorsed a recommendation to dissolve the Maldives ailing national shipping line (MNSL).
The Finance Committee had originally recommended that MNSL be either privatised or dissolved.
In June, MNSL’s government-owned board also endorsed a proposal to discontinue operations and dissolve the company, allegedly to settle debts, reports Haveeru.
Sale of the company’s cargo ships was expected to settle MNSL’s US$8 million debts in three installments.
Parliament also approved Villufushi MP Riyaz Rasheed’s proposed amendment requiring the government to conduct feasibility studies before creating a new shipping line.