Jamaica Seeks Logistics Hub Development

MarineLink.com
Thursday, May 16, 2013
Jamaica Minister of Industry, Investment and Commerce, the Hon Anthony Hylton

International investors are expressing serious interest in Jamaica’s plans to develop as a world-class logistics hub with potentially millions of dollars being lined up to back the Government’s proposals.

Jamaica Minister of Industry, Investment and Commerce, the Hon Anthony Hylton, said, “With each passing day Jamaica moves one step closer to the imminent transformation of the economy and the job creation, via the vehicle of the Global Logistics Hub. This hub is a global asset and will leverage Jamaica’s economic prowess. This is not just a Government initiative but one whose success depends on the input of our global and local partners in the private sector.”

Following a Government/Private Sector mission to the Middle East, Jamaica signed a Bilateral Investment Treaty with Kuwait and is in the process of developing a Memorandum of Understanding with potential partner Dry Docks World Dubai.

Both Dry Docks World Dubai and Dubai Ports (DP) World have committed to visit Jamaica in the coming months to further discussions on potential partnership opportunities.

Minister Hylton, said the meetings were “particularly fruitful, as each company expressed its keen interest I supporting Jamaica in the development of the Jamaica logistics project.” He added, “Our prime geographical position has handed us a platinum opportunity and one which we must maximize.”

During its visit to the Middle East, the seven-member delegation met with several influential industry organizations representing the maritime sector, logistics, aviation and financing. This included the Deputy Chairman of Emirates Airlines with whom they discussed transhipment operations and the centrality of logistics as a growth catalyst.

This Middle East trip was the latest in a series of high-profile business missions which has seen Jamaica outline its proposals for preparing the country to take advantage of the projected increase in the movement of goods when the Panama Canal expansion is completed in 2015. Successful visits have already been made to Panama, the Netherlands, China and Singapore.

Jamaica is developing a master plan to ensure it has the necessary infrastructure and workforce and will put in place the legislative arrangements to allow the country to take its place as a key location in the global supply chain.

Taking part in the Middle East mission were Dr Eric Deans, Chairman of the Logistics Task Force; Dr. Dana Morris Dixon, Acting President of Jamaica Promotions Corporation (JAMPRO); Clive Fagan, Chairman of the Factories Corporation of Jamaica; Leroy Lindsay, Senior Aviation Consultant for the Civil Aviation Authority; Kim Clarke, President of the Shipping Association of Jamaica; Trevor Riley, General Manager of the Shipping Association of Jamaica; and Francis Kennedy, President of the Jamaica Chamber of Commerce.
 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Lamprell Delivers Jackup Rig to Greatship

Lamprell announced it has completed construction on jackup drilling rig Greatdrill Chaaru, delivering the rig to Greatship Global Energy Services Pte. Ltd.    Greatdrill

Gulf of Mexico Sees First LNG-powered OSV

A special Offshore Supply Vessel (OSV) has been delivered to Shell for its deepwater operations in the Gulf of Mexico.   The vessel, Harvey Energy, is chartered

Australia Announces Patrol Boat Tender

Tender announced for Pacific Patrol Boat Replacement Project   The Australian Government announced a Request for Tender (RFT) to replace the Pacific Patrol Boats

Government Update

Australia Announces Patrol Boat Tender

Tender announced for Pacific Patrol Boat Replacement Project   The Australian Government announced a Request for Tender (RFT) to replace the Pacific Patrol Boats

Panama Accredits Maritime Security Firm

The Panama Maritime Authority has accredited ESC Global Security personnel to offer protection aboard Panamanian-registered vessels, in what is thought to mark

Vancouver Container Fire Closes Port

A large portion of Canada's biggest port was shut down on Wednesday after a chemical fire broke out amid numerous shipping containers piled up in a yard east of Vancouver's downtown core.

Logistics

Vancouver Container Fire Closes Port

A large portion of Canada's biggest port was shut down on Wednesday after a chemical fire broke out amid numerous shipping containers piled up in a yard east of Vancouver's downtown core.

Port of Rotterdam 2014 Profit Dips

The Port of Rotterdam Authority said on Thursday its net profit for 2014 fell 4.9 percent to 215 million euros ($237 million) on higher financing costs. Europe's

MacGregor Wins Chinese Shipyard Order

MacGregor, part of Cargotec, has received an order from Wuhu Xinlian Shipyard in China for eight MacGregor dry bulk cement handling systems.   The fully automated

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2066 sec (5 req/sec)