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Goundar Shipping Acquires Building With Aims For Better Services

Goundar Shipping Acquires Building With Aims For Better Services
September 30
15:11 2014

Goundar Shipping has invested $1.8 million to acquire the former RAPCO Building in Walu Bay in a bid to boost its services.

The building on Freeston Street was chosen because of the close proximity to Port Muaiwalu. It will cater for their main office, ticketing section, warehouse and all other Goundar Shipping departments.

Company managing director George Goundar noted they are still finalising the paper works with stakeholders and banks involved in the whole transaction.

Mr Goundar said the $1.8 million was supposed to be invested in another vessel however, they decided it better to purchase the building which was owned by Food 4 Less Supermarket.

The company is expecting to close the settlement by the end of this week and move in next month.

Offices around the country

Goundar Shipping has offices in Labasa, Suva and Savusavu.

Mr Goundar, amidst its expansions, revealed plans to open an office in Kadavu to make it easy for the travelling public to have access to their services.

“We are growing. In three years, we have made three major investments and our plan is to invest $10 million in Fiji. My wife is financing all my investments in Fiji from Canada,” he said.

The company plans to get two more ships in the next two years that would take the total in fleet to four to cater for the Fijian market.

Hopes from Government

“Now that we have completed elections, it was challenging the past year, I hope the government will look into maritime issues,” Mr Goundar said.

“I hope government invests more time in looking into duty concessions. Acquiring ships from abroad is not cheap. That’s why we need them to give us a tax break.

“Maintenance of vessels costs a lot because there are no dry dock facilities to cater for my large vessels. I have to send my vessels to New Zealand or Papua New Guinea or Tahiti, so the cost is higher.

“We are hoping government will look into it and reinvest into the maritime industry so that it can be viable.”

Goundar Shipping

Has 120 employees

Has two vessels; the Lomaiviti Princess 1 and Lomaiviti Princess 2



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