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At a ceremony held to celebrate the arrival of the controversial Cochin ferry, Indian High Commissioner Sunjay Sudhir thanked the Maldivian government for facilitating the Cochin ferry service with the Shipping Corporation of India(SCI). The Indian government owned Shipping Corporation of India (SCI) has been struggling financially for the past few years with its Return On Capital Employed (ROCE) recorded at 0.7%, 53% lower than the industry standard.
Indian High Commissioner Sunjay Sudhir also thanked the Maldivian government for waiving the duty imposed on the goods imported through the Cochin ferry by 50%. Foreign Minister Abdulla Shahid also spoke at the ceremony, thanking the Indian government for the ferry service and reiterated on the warm relationship between Maldives and India. Foreign Minister Abdulla Shahid also hinted on the possibility of the Cochin ferry service acting as a passenger ferry service in the near future, hinting on the possibility of students and travellers using the ferry to travel between the two nations.
The cargo ferry arrived near Kulhudhuffushi at around 06:30am carrying 500 tons of goods bound for both Kulhudhuffushi city and Male’ city. However, sources within the port has informed MNN that according to the ship’s manifest, it is only carrying 500 tons of Jumbo cement bags.

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