Maldives Ports Limited (MPL) has stated that the upcoming changes to lease fees at the Hulhumalé Bonded Warehouse Areas will not lead to an increase in the prices of common goods in the local market.

The clarification comes amid public concern following MPL’s announcement earlier this month that new lease fees will take effect from August 15, 2025, for Areas 1, 2, and 3 of the Hulhumalé Bonded Warehouse.

In a press release issued in response to these concerns, MPL noted that the bonded warehouse primarily handles goods such as liquor and pork that are imported for tourist resorts. Therefore, the changes in lease rates are not expected to affect prices of everyday consumer items.

The company also highlighted the services currently provided to customers using the bonded warehouse, including 24-hour security and an on-site Maldives Customs facility. Additionally, a dedicated key wall has been designated for loading and unloading goods to streamline logistics operations in the area.

MPL added that the company incurs significant operational costs to ensure the bonded warehouse remains secure, efficient, and sustainable. As part of service improvements, MPL announced it will begin offering waste disposal services to bonded warehouse customers from August 15. At present, waste management is handled individually by the tenants.

Under the revised fee structure, customers will pay USD 1,134 per month (inclusive of GST) for a 20-foot container with stacking. For a 40-foot container with stacking, the monthly fee will be USD 2,268.

MPL operates the country’s commercial ports and manages bonded warehouse services in Hulhumalé and other key logistics hubs.