Parliament supports dissolution of national shipping line

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.