In his Budget presentation, Prime Minister Andrew Holness reasserted the Government’s objectives to make Jamaica a logistics centre. The prime minister committed resources to ensure that the logistics projects were expedited. This was the basis of an investor tour of the Port of Kingston facilities, coordinated by the Port Authority of Jamaica (PAJ) and hosted by Kingston Wharves Limited (KWL).
KWL, leader in logistics services in Jamaica, welcomed the touring party, which included representatives of the International Finance Cooperation, Export Development Canada, the Caribbean Development Bank, Inter-American Investment Cooperation, Portland Private Equity, and Portland JSX. The investors were briefed on work Kingston Wharves has been doing in the field of logistics and the modernisation of the port facilities to take advantage of Jamaica’s location with the expansion of the Panama Canal.
Among the highlights of the work KWL has been doing in the field of logistics are:
– Becoming one of the largest trans-shipment ports for motor vehicles in the region. Its portfolio of clients is blue chip as it is the regional hub for Hoegh Autoliners and services five of the world’s top-10 global autoliners. This logistics business is only limited by the current capacity. Companies utilising logistics services include Hyundai and Suzuki.
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