Wan Hai Lines Ltd. has established an agency office in Maldives in view of the huge domestic demand in the Indian inland and South Asia.
According to the Maldives Development Update from the world bank: “the Maldivian economy continued to expand in Q1 2023 by 5.5 per cent year-on-year (YoY), surpassing pre-pandemic levels.
“Tourist arrivals also increased, reaching 1.2 million by August 2023 and projected to be 1.9 million in 2023, a 13.8 per cent increase compared to 2022.”
Domestic demand is likely to rise considerably as a result of the ongoing economic stimulus policies. As a result, Wan Hai expresses optimism in the Maldives’ future import situation.
On 21 November, Wan Hai hosted a grand opening reception.
During the event, several significant clients and visitors sent representatives to show their support for Wan Hai’s entry into the Maldives market.
The Wan Hai route network reportedly covers major ports and transshipment hubs on the east, west and south coasts of India, from Colombo Port to South Asia.
In addition to directly providing river port services, it will also simultaneously strengthen service links between India and neighbouring countries, such as Maldives, Nepal and Bhutan.