For storage and fish exports, the Maldives Industrial Fisheries Company (MIFCO) has purchased a refrigerated cargo ship for MVR 27.8 million with a capacity of 2,500 tonnes.
The vessel was bought for MVR 27.8 million, according to MIFCO. Ismail Fauzee, the company’s Chief Executive Officer (CEO), stated that if the vessel runs without problems for the next two years, they will be able to pay it off.
Fauzee revealed that the vessel named “Jazeera Reefer” is a second hand vessel, and that they chose it for a variety of reasons, including to address a number of concerns raised by fishermen.
While the acquisition of the ship is intended to increase fish storage capacity, it will also travel to different parts of the Maldives and other countries.
MIFCO’s limited and strained holding mechanism necessitated the purchase of this vessel, according to Fauzee, so that the company could have its own storage unit.
The vessel, which has a length of 98 meters and a beam of 13.6 meters, was previously owned by a Thai company. Maldives is currently working with India to build a 4,000-tonne fish storage unit in ‘Felivaru,’ in addition to increasing fish storage capacity in the North islands.