Company
Maldives Ports Limited (MPL)
In the news, last 90 days
Economy
Maldives’ re-export earnings reach USD 315 million as sea-to-air cargo services expand
Maldives re-export earnings reached USD 314.9 million in the first nine months of 2026, up 48.5 percent year-on-year, with jet fuel accounting for more than four-fifths of the total. Sea-to-air cargo operations run jointly by MACL and MPL expanded, handling 633 tonnes in July 2026.
Infrastructure
Thilafushi Port to introduce cargo clearance service for...
Maldives Ports Limited plans to introduce cargo clearance at Thilafushi Port by the end of November, allowing goods to be unpacked and released at the island's port rather than being collected via Malé. The phased expansion forms part of the relocation of commercial harbour operations from Malé to Thilafushi, with the new harbour and Thilamalé Bridge targeted for completion before 11 November 2027.
Justice
Former MPL chief sentenced to over eight years in fuel fraud case
The Criminal Court sentenced former MPL Procurement Department Chief Manager Mohamed Aiman to eight years, nine months and 18 days in prison for fuel fraud involving MVR 6.7 million in transactions from 2019 and 2020. The court found him guilty of misappropriating 783,100 litres of diesel and approving 119 undelivered fuel notes, and ordered him to repay MVR 6.7 million to the State.
Justice
Two convicted over MVR 6.8 million MPL fuel fraud
Two individuals, including a former chief manager of Maldives Ports Limited's Procurement Department, were convicted over the embezzlement of 783,100 litres of diesel supplied by Fuel Supplies Maldives, causing a loss of MVR 6.8 million. The court sentenced them to eight years in prison for embezzlement plus an additional nine months and 18 days for forgery, and ordered restitution of the MVR 6.8 million to the government.
Infrastructure
Thilafushi Begins Container Clearance as Port Relocation Gets Under Way
Maldives Ports Limited has begun a full-container-load clearance service at Thilafushi as commercial port services start transferring there, easing pressure on Malé Commercial Harbour, which has run at three times its intended capacity since 2015. The government targets completion of Thilafushi Port by November 2027, with the new harbour expected to expand port services fourfold.
Infrastructure
Efforts underway to relocate Male' Port to Thilafushi
The relocation of Malé Commercial Port to Thilafushi has begun, with sea-based container clearance via Direct Delivery launched at a 100-meter quay wall area developed by MTCC. Food items and pharmaceuticals will continue to be cleared through Direct Delivery services in Malé and Hulhumalé, while the first phase of the port project was awarded to China Harbour Engineering Company in February 2026.
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