A Mosaic of Opportunities
Bunkering
The Maldives is set to make a mark on the global maritime stage with the development of an integrated port city in Ihavandhippolhu Atoll. Central to this initiative is the establishment of international bunkering services, strategically positioned to serve the heavy shipping traffic of the 8 Degree Channel. This vital shipping route sees around 300 vessels daily, with the Asia-Europe container trade alone requiring over 30 million tonnes of bunker fuel.
Launching bunkering operations in Ihavandhippolhu will not only drive the success of the broader port city project but also position the Maldives as a key player in the maritime sector. The potential for a thriving bunkering industry is immense, as it connects with a wider network of port and shipping activities. With nearby shipping routes generating an estimated 152.6 million tonnes of bunker demand in 2014—nearly 40% of global demand at the time—the Maldives has a unique opportunity to reclaim its maritime heritage and establish a competitive foothold in the international bunkering market.
Launching bunkering operations in Ihavandhippolhu will not only drive the success of the broader port city project but also position the Maldives as a key player in the maritime sector. The potential for a thriving bunkering industry is immense, as it connects with a wider network of port and shipping activities. With nearby shipping routes generating an estimated 152.6 million tonnes of bunker demand in 2014—nearly 40% of global demand at the time—the Maldives has a unique opportunity to reclaim its maritime heritage and establish a competitive foothold in the international bunkering market.