Wan Hai opens agency office in Maldives

Wan Hai opens agency office in Maldives

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.

READ: Wan Hai inks $95 million deal with Standard Chartered

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.

Currently, Wan Hai has six owned offices in India, namely Mumbai, Chennai, Mundra, and Vizag, Delhi and Kolkata office.

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.

In October, Wan Hai Lines Ltd. hosted a combined ship naming ceremony for WAN HAI A05 and WAN HAI A06 at HD Hyundai Heavy Industries Ulsan Shipyard.

More recently, Wan Hai Lines Ltd. held a ship naming ceremony for WAN HAI 368 and WAN HAI 369, accompanied by a charity donation at Japan Marine United Corporation ARIAKE Shipyard.

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