Jamaica: Minister Announces Investment in Shipping Industry

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, has announced a package of investment projects for the development of the country’s shipping and logistics industry.

Mr. Hylton stated that the investment opportunity is “considerable” and involves a number of projects that have the potential to transform the country’s economic landscape.

These comprise dredging of the Kingston Harbour and expansion of the port facilities; establishing a dry dock facility at Jackson Bay in Clarendon and a bunkering facility at Cow Bay in Yallahs, St. Thomas; construction of a cargo and maintenance, repair and operations (MRO) facility at Vernamfield in Clarendon; and the development of the Caymanas Economic Zone.

“Altogether, these projects represent a potential investment effort that will drive growth and employment for many years, positioning Jamaica as the logistic hub for trade in the Americas,” the Minister concluded.

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World Maritime News Staff, March 2, 2012; Image: Kingston Port