Maldives Industrial Fisheries Company Limited (MIFCO) has started to utilise vessels from the Maldives State Shipping (MSS), to boost the export of fish products.
The agreement related to this collaboration was signed by the Managing Director of MSS Ahmed Shareef and Chief Financial Officer (CFO) of MIFCO Ilyas Haneef. Under the agreement, MSS will facilitate all logistical services to MIFCO, required to export fish products.
Regarding the agreement, Managing Director of MSS Ahmed Shareef stated that fish products from MIFCO facilities situated in various locations in the Maldives, will be brought to Male' City via MSS Opal. These products will then be transferred to feeder ships of MSS, which will then be exported to various destinations. Shareef stated that this agreement will facilitate the export of fish products to any global destination.
Meanwhile, MIFCO's CFO Ilyas Haneef stated that MIFCO's operations are one of the biggest logistic operations in the country. He stated that this operation will bring a positive change in the export services and will significantly reduce the company's expenses.
MSS has a fleet of five cargo ships, with more than 2,000 containers. It stated that specific vessels have been designated for domestic trips, while the shipments of fish will be exported through the Male'-Colombo and Colombo-Malaysia trips. Furthermore, it revealed that services will be provided to transshipment ports and vessels as well.