In a strategic move to broaden its maritime horizons, Vanuatu Ferry Limited has dispatched a delegation to Papua New Guinea to explore potential market opportunities.
Mr. Maukekeha Shame Koua, a seasoned spokesman for the company, emphasized the mission’s importance in assessing the expanding demands of the PNG market.
The primary objective of this fact-finding mission is to conduct comprehensive scoping activities aimed at collecting critical market data.
By understanding the unique needs and logistics demands of the people of PNG, VFL hopes to tailor a robust shipping service that aligns with local expectations and requirements.
Therefore, VFL is undertaking a feasibility study to determine the viability of expanding its ferry services to Papua New Guinea. The company’s primary concern is understanding the specific transportation needs of the PNG population to identify opportunities in both passenger and cargo shipping.
VFL aims to provide tailored services to meet these needs.
However, to achieve this, the company will conduct several business trips to PNG to develop proposals that address the unique challenges and requirements of the market.
The Chief Trade Officer of the National Trade Office, Mr. Richard Yakam, has officially welcomed the decision by Vanuatu Ferry Limited to invest in Papua New Guinea’s shipping sector.
Speaking on behalf of the government and the people of PNG, Mr. Yakam expressed his enthusiasm for this significant development in the country’s maritime infrastructure.
“The investment by Vanuatu Ferry Limited is a promising step forward for our economy and infrastructure,” Mr. Yakam stated.” In Papua New Guinea, the cost of operating a shipping business has traditionally been higher than that of other infrastructure and essential services.
This partnership holds the potential to improve efficiency and reduce costs, ultimately benefiting the nation’s trade and connectivity.”
Mr. Yakam highlighted the strategic importance of enhancing the shipping sector, which plays a crucial role in facilitating trade and bolstering the national economy.
The entry of Vanuatu Ferry Limited is expected to spearhead further advancements and set a benchmark for quality and cost-efficiency standards in the region.
This investment marks a pivotal moment for Papua New Guinea as it seeks to enhance its trade capabilities and infrastructure to support sustainable economic growth.
This report was covered and filed by Steven Kenda.
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