A supervisory committee has been appointed to work with liquidator David Guinn, the PNG Post Courier reported.
The church said it had decided to wind up its business unit Kambang Holding, while downsizing the shipping operation.
The fleet of eight small passenger/cargo ferries and general cargoships were all built in the 1980s, apart from one 1994-built ro-pax.
"The church will return to its original service orientation in providing passenger transport (with small cargo) services to the remote coastal areas where many of its members live," it said.
Two
