State company
Maldives Ports Limited
In the news, last 90 days
Politics
MPL cites confidentiality in refusal to disclose major Chinese port agreements
Maldives Ports Limited refused to disclose details and the value of two agreements signed with China Harbour Engineering Company to relocate the main commercial port from Male' to Thilafushi, citing non-disclosure clauses. The refusal follows concerns over the award of the project, with a high-level US delegation visiting to inspect the site and India reportedly expressing concerns, while the Ministry of Foreign Affairs said the award does not signal a change in diplomatic stance.
Economy
Jet Fuel Drives Maldives’ Re-Exports Past 2025 Total
Maldives re-export earnings reached USD 314.9 million between January and September 2026, up 48.5 per cent year-on-year and above the whole of 2025's USD 299.2 million, with jet fuel accounting for about 81 per cent of the total. The sea-to-air cargo service, launched in May 2024, handled 633 tonnes of outbound cargo in July across six airlines to 10 countries.
Justice
MPL procurement head and fuel bowser driver sentenced to eight years in prison for embezzling over 700,000 liters of fuel
Two men, including Maldives Ports Limited procurement chief manager Mohamed Aiman and Bangladeshi national Sojib, were found guilty of embezzling fuel and sentenced to eight years in prison, plus an additional 9 months and 18 days for document offences, and ordered to pay MVR 6,799,800 in restitution to the state. The case involved falsified delivery notes issued between January 13, 2020 and October 10, 2020 covering 783,100 liters of diesel that never reached MPL.
Justice
2 jailed over MVR 6.7 million diesel fraud at Maldives Ports Limited
Two people were jailed in connection with a MVR 6.7 million diesel fraud case involving Maldives Ports Limited. The case was centred on 119 delivery notes prepared between 13 January and 10 October 2020.
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