Goundar Shipping Services is making significant adjustments in response to the challenging conditions currently facing the shipping industry in Fiji, planning to sell three of its vessels this year. Company director George Goundar expressed concern over the waning prospects for inter-island shipping, highlighting a bleak outlook for the future of maritime services.
Goundar pointed out that the industry is experiencing a significant downturn, plagued by rising operational costs and a notable decline in business. He disclosed that over the past four years, demand has decreased by approximately 30%, exacerbating the difficulties faced by shipping operators. “We have hard times ahead of us,” he remarked, emphasizing the impact on outer island residents who rely heavily on maritime services.
The director noted that despite some public perceptions blaming Goundar Shipping for high costs, the reality is that operational expenses, including fuel and labor, have surged, leaving many vessels running below capacity. Goundar poignantly stated, “Yes, it’s expensive. Running ships are expensive.”
Recalling the necessity for government assistance, he called on authorities to closely examine the shipping sector and implement measures to enhance its operations and sustainability. Currently, Goundar Shipping manages a fleet of 14 vessels and plans to sell LP 1, LP 3, and its tanker in 2026.
Despite the hurdles, there remains a glimmer of hope that with the right interventions and support, the challenges faced by the sector could be mitigated, ensuring that vital services to the outer islands continue.