A subsidiary of the STO group, the Maldives Industrial Fisheries Company – MIFCO, is about to begin a new carrier service between Thailand and the Maldives.
The company founded in 1993 has obtained a budget for two ships from Thailand to be delivered. In March the first ship will be docked and the tentative arrival date to Male’ is at the end of April 2020.
Following the 2500GT vessel’s delivery, MIFCO will no longer be a subsidiary of STO. After the withdrawal from the STO group, the second 3000GT vessel will be delivered from Thailand, in the midst of this year.
This continuing strategy would expand the business.