Ministry or office
Ministry of Fisheries and Ocean Resources
In the news, last 90 days
Economy
Maldives Explores Aquaculture Partnership with Chinese Marine Seed Enterprise
Maldivian Minister of Fisheries, Agriculture and Ocean Resources Ahmed Shiyam led a delegation to inspect marine breeding and aquaculture facilities at Lingshui Chenhai Seed Industry Co., Ltd. in Hainan, China, as part of his official mission to the province. The two sides discussed prospective bilateral cooperation, identifying technical collaboration, joint knowledge transfer and institutional capacity-building as key priorities.
Economy
RSW loan limit raised to MVR 4 million without collateral
The Ministry of Fisheries raised the financing limit for installing refrigerated seawater (RSW) systems on fishing vessels to MVR 4 million with no collateral required, announcing the change on the Sarukaaru website. The unsecured loan carries a 6 percent annual interest rate, a 10-year repayment period and a six-month grace period, and now also covers new or replacement engines.
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