STO to Begin Bunkering Services with YC Barrier on Thursday

State Trading Organization (STO) is set to officially launch its new bunkering services in the Maldives this Thursday, marking a significant development in the local maritime industry. The inaugural service will cater to the ship "YC Barrier," which operates between Colombo, Sri Lanka, and the Maldives.

Currently, YC Barrier sources its fuel from Colombo due to the limited availability of low-supply fuel in the Maldives. The vessel, which has a monthly fuel requirement of 200 tons and a capacity for 1,100 containers, will benefit from STO's new service offering.

STO has already begun accepting bookings for its international bunkering services. The company has introduced two new bunkering vessels to the Maldives, each with a capacity of 3,200 tonnes of fuel. This expansion is expected to significantly enhance the market and improve fuel accessibility in the region.

In March, STO signed a key agreement with the Netherlands-based Vitol to establish the Maldives Economic Gateway International Bunkering Facility. This move comes at a time when over 300 new ships are reported to sail daily near Ihavandippolhu in northern Maldives.

The launch of STO's bunkering services promises to address existing fuel supply challenges and could boost the local maritime industry significantly. As the Maldives continues to expand its maritime capabilities, this new service is a welcome addition for both domestic and international shipping operations.

Resort in Maldives

Crossroads Maldives JOALI BEING Siyam World Maldives Kuramathi Maldives OZEN RESERVE Bolifushi Raffles Maldives Meradhoo Emerald Faarufushi Resort & Spa Seaside Finolhu Baa Atoll Maldives Kurumba Maldives Milaidhoo Maldives Soneva Fushi Atmosphere Kanifushi Maldives Meeru Maldives Resort Island Sun Siyam Iru Veli Maldives Noku Maldives Sun Siyam Vilu Reef Maldives Banyan Tree Vabbinfaru Baglioni Maldives Dusit Thani Maldives Jawakara Islands Maldives Ayada Maldives Kandima Maldives OBLU NATURE Helengeli OBLU XPERIENCE Ailafushi Coco Bodu Hithi Coco Palm Dhuni Kolhu Maldives OUTRIGGER Maldives Maafushivaru OZEN LIFE Maadhoo Park Hyatt Maldives Hadahaa The Nautilus Maldives Alila Kothaifaru Maldives RAAYA by Atmosphere Taj Exotica Resort & Spa Maldives Ananea Madivaru Maldives Emerald Maldives Resort & Spa Grand Park Kodhipparu Maldives JA Manafaru Maldives Kuredhivaru Resort and Spa OBLU SELECT Sangeli Brennia Kottefaru ROBINSON Maldives Six Senses Laamu Soneva Jani dusitD2 Feydhoo Maldives NOOE Maldives Kunaavashi Oaga Art Resort Sandies Bathala Maldives Soneva Secret Sun Siyam Olhuveli Sun Siyam Olhuveli Maldives The Residence Maldives Dhigurah JOALI Maldives Sheraton Maldives Full Moon Resort & Spa Taj Coral Reef Resort & Spa Anantara Kihavah Maldives Villas Fiyavalhu Resort Maldives Gili Lankanfushi Maldives Nova Maldives Sun Siyam Iru Fushi Maldives VARU by Atmosphere Holiday Inn Resort Kandooma Maldives Kandolhu Maldives Niyama Private Islands Maldives SO/ Maldives Club Med Kanifinolhu Cocoon Maldives JW Marriott Maldives Resort & Spa Sirru Fen Fushi Private Lagoon Resort Six Senses Kanuhura The Residence Maldives Falhumaafushi Centara Grand Lagoon Maldives Constance Moofushi Maldives Pulse Hotels & Resorts Radisson Blu Resort Maldives Atmosphere Core Atmosphere Kani Fushi Maldives Coconut Palm Conservation Constant Halaveli Maldives Four Seasons Resort Maldives at Kuda Huraa Hideaway Beach Resort & Spa Kaani Hotels Kandima Resort LUX* South Ari Atoll Le Meridien Maldives Resort and Spa Lily Beach Resort & Spa Mercure Maldives Kooddoo Resort Taj Exotica careers