Port Authority to roll out warehouse hub

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The Port Authority of Jamaica, PAJ, aims in the medium term to lease lots at the Kingston Port to logistics companies willing to invest.

PAJ Vice-President for Business Development Edmond Marsh said at a webinar on Tuesday that the agency would be commissioning a new warehouse hub for private operators to lease at the Kingston Freeport Terminal in Kingston by the third quarter of this year.

Jamaica’s air and sea port facilities accommodate 12 major shipping lines, 2.8 million annual containers, and 400 international weekly flights. Jamaica’s investment promotion agency, JAMPRO, said companies can save 25 per cent on costs when setting up logistics facilities in Jamaica compared to markets such as Miami, due to labour and other variable cost savings.

Speaking at the same webinar, JAMPRO also noted that the search for a manager is soon to be launched for Caymanas Special Economic Zone, a planned logistics facility that has been in gestation for years.

http://jamaica-gleaner.com/article/b...tics-investors

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Port of Kingston— the catalyst for logistic development
Port Authority has high hopes for new park to become next logistic hub of the region

Despite the slowdown of economic activities brought on by the coronavirus pandemic, the Port Authority of Jamaica (PAJ) say they remain committed to making the Kingston Logistics Park a one-stop shop in the world for all maritime services.

Speaking at a Jamaica Promotions Corporation (Jampro) staged webinar yesterday, Edmond Marsh, vice-president in charge of business development at the PAJ, said that the general aim of the park when fully completed is to move the sector from a mere trans-shipment point to an integrated logistics hub. He further shared that this forms part of the larger plan to position the country as the fourth node in the international logistics chain along with other countries such as Holland (Rotterdam), Dubai, and Singapore.

“From a strategic perspective, the whole idea is to utilise logistics as a way to transform Jamaica from its historical performance as a trans-shipment hub to one of the leading hubs in the region for trans-shipment activity.

http://www.jamaicaobserver.com/busin...6?profile=1056