Key insights and market outlook
The Indonesian government has secured a IDR 5.8 trillion loan from Spain to enhance maritime surveillance capabilities through the Maritime and Fisheries Integrated Surveillance System (MFISS) project. This initiative includes construction of 10 surveillance vessels and implementation of advanced monitoring systems, including Vessel Monitoring System (VMS) and aerial drones. The project aims to combat illegal fishing and strengthen maritime security, with potential losses from illegal activities estimated at IDR 16 trillion 1
The Indonesian government has secured a significant IDR 5.8 trillion loan from Spain to enhance the country's maritime surveillance capabilities through the Maritime and Fisheries Integrated Surveillance System (MFISS) project 2
The Ministry of Maritime Affairs and Fisheries (MMAF) has reported that between 2020 and 2025, 1,149 illegal fishing vessels were apprehended, with potential losses amounting to IDR 16 trillion 1
The MMAF currently operates with only 34 surveillance vessels, with an average age of 15 years, while the ideal number is considered to be 70 vessels 1
The project is expected to be completed by the end of 2028, with implementation beginning in late 2025 2
IDR 5.8 Trillion Loan Agreement with Spain
MFISS Project Implementation
Surveillance Vessel Construction Plan