Maldives Industrial Fisheries Company (MIFCO) will be acquiring a new vessel with the capacity of storing 3,000 metric tons, in a bid to enhance exporting capacity.
The new vessel is scheduled to arrive in the Maldives in March, and will berth at Kooddoo upon arrival.
MIFCO aims to resolve capacity limitations faced by Maldivian fishers, and subsequently expand exportation opportunities to drive up the fishing economy and market the Maldivian products in new areas; including tapping into potential European markets.
Muaz Ali, the General Manager of MIFCO noted the corporation’s efforts to establish high-value foreign markets for Maldivian fish. To ensure this, on-site quality testing by foreign companies will be established to minimize the risk of shipment rejections.
The new vessel is expected to facilitate the first export shipment to a European market within this month as well. Prior to this, buyers will conduct quality assessment of the products at Kooddoo Port.