SILCO Saga

SILCO (The Silver Company Pte. Ltd.) was incorporated in the tiny, scenic island of Male', the capital of the Republic of Maldives in 1993 nearly a decade ago. SILCO's vision is to provide professional and fast service to all its principles and clients. Having established our credentials over the years, we have emerged as the leading shipping organization in the country. As a part of the SANDAL WOOD group of companies, SILCO's primary business comprises Shipping, Aviation, Yacht Handling, Packing and Forwarding, Customs Clearance and Delivery. SILCO is also a member of the Association of Yacht Support Services (AYSS) UK. Besides these we also provide professional services in Cruise Agency, Bunkering, Ship-chandling, & Ship Stores, Courier Service, Insurance, Crewing & Management, and Statistics.

Our focus has been on providing speedy and efficient services matching international standards. Today a large number of foreign cargo liners, break bulk carriers and trampers, foreign luxury cruises and small yachts trust us to handle and represent them when they come calling at Maldivian ports. Some of our prestigious clients under the umbrella of SANDAL WOOD group of companies include Delmas of France, Indian Ocean Line of South Africa, Bangladesh Shipping Corporation of Bangladesh, Maersk Line of Denmark, HUB Line of Singapore, Shipping Corporation of India among others. And continuing to write this saga and sustain SILCO's vision is our team of professionally qualified field and management staff.

The SILCO Chronicles

The Founder of SILCO "The Silver Company Pte. Ltd.", Mr. A. Bari Rushdi, entered the shipping world during the year 1970 as a marine engineering student of the then Maldivian National Trading Corporation, Sri Lanka, now better known as the Maldives National Shipping Limited, Male'. During the last over 30 years, Mr. Rushdi, has made a name for himself and SILCO in international shipping circles. He has emerged as the major shareholder and the Managing Director, of the company, and representing several international shipping lines in the Maldives.

Over these past years he has concentrated all his efforts on an honorary basis towards improving and modernizing services and facilities at the port of Male'. His vision was to see that the Maldives Ports Authority benefited economically while rendering international standards of service to all the shipping companies and their principles that came calling at Maldivian ports. This, he felt would promote more competitive container traffic coming in to the country. Mr. Rushdi is also a Director of the Board of Maldives Ports Authority.

His efforts have been borne fruit and today, several container shipping lines have come forward to include Male' in their network of ports for their trade in this region. Newer avenues for continued and sustained trade have been opened due to Mr. Rushdi's tireless efforts especially over the past decade.

Today SILCO with its streamlined infrastructure and modern facilities is facilitating speedy container traffic while making break-bulk vessel handling more efficient. At the same time ensuring that the country's development in shipping also make rapid strides.

Responsible Personnel / Staffs

BOARD OF MANAGEMENT

 DIRECTOR MANAGINGAbdul Bari Rushdi

 DIRECTOR CLAIMS and LEGAL AFFAIRSMohamed Nabeel

 DIRECTORMausooma Rushdi

 DIRECTORHawwa Rifa

EXECUTIVE STAFFS

 MANAGER OPERATIONSAhmed Hussain

 FINANCIAL CONTROLLERL. B. Thambiraja

 ASSISTANT MANAGER DISBURSEMENTSSalma Shathir

 MANAGER SALES & MARKETINGSheyam Ismail

 MANAGER CLEARING & FORWARDINGRekha Joseph

Communication

Correspondence is mainly through electronic mail connected to the Internet. Emails are checked every 10-15 minutes. Alternatively we communicate by telephone, facsimile, and telex.

Membership in Associations & Organizations

Maldivian Traders Association
Maldives National Chamber of Commerce & Industries, Maldives
Association for Yacht Support Service (AYSS), United Kingdom

Advertising Media

We advertise in local newspapers, journals, and magazines. Periodically also in Fairplay- The International Shipping Weekly, and in Trade Winds - The International Shipping Gazette.

Our Bankers

Bank of Ceylon
Orchid Magu
Male' 20-02
Rep. of Maldives

Habib Bank Ltd.
Orchid Magu
Male' 20-02
Rep. of Maldives

Bank of Maldives Ltd.

Boduthakurufaanu Magu
Male' 20-01
Rep. of Maldives

State Bank of India
Boduthakurfanu Magu
Male' 20-02
Rep. of Maldives

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'facts and figures are subject to change without prior notice'