Lutheran liquidated

Papua New Guinea's Lutheran Shipping has been liquidated by its owner, the Evangelical Lutheran Church.

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 existing passengerships will be run.

But it will not compete with commercial cargo and ferry services.

The Lutheran Shipping Engineering shipyard in Madang is reportedly filled with anchored ships that are slowly rusting away.