Rising out of a century of success in oil and gas, the maritime industry in Trinidad and Tobago provides a broad range of specialized services. Our geographical location, developed maritime infrastructure and support mechanisms make us a unique place for commercial maritime operations and leisure marine activities.
2international container ports; 47 smaller specialized ports
1Bauxite transshipment facility
1Petrochemicals loading port
1Dedicated port for an oil refinery
2Bulk cargo ports
Over 63 shipping lines utilize ports in Trinidad and Tobago transporting containerized cargo to and from the US, Europe, UK and the Far East. These include top international brands like:
Most of T&T’s maritime activities are concentrated in Chaguaramas, in the north-western peninsula of Trinidad.
The Chaguaramas Bay is an exceptionally sheltered natural harbour and one of the best choices for yacht storage and repair centres in the Caribbean. The area is well developed with 8 marinas/boatyards and approximately 140 companies providing yacht related support services.
About 180 companies throughout Trinidad cater to the yachting industry. The industry is serviced by approximately 470 in-water berths with available accommodation for an estimated 1000 yachts on land. It is export oriented with an average 70% to 80% of its sales going to transient yachts.
T&T has legal jurisdiction over 2,940 km2 of the waters of the Gulf of Paria. The Gulf offers a well-sheltered body of water with 156 km of coastline and serves as an ideal location for port and harbour facilities. The average combined throughput of the country’s two major cargo ports - Port of Point Lisas and Port of Port of Spain - is just under 600,000 TEU’s.
The Port of Port of Spain is situated in Port of Spain, the capital city of Trinidad and bounded seawards by the Gulf of Paria.
There are several ship repair facilities located in Trinidad including one dry dock facility with a lifting capacity of 23,000 metric tonnes (MT) and an overall length of 230 meters.
T&T’s calm waters are ideal for companies wishing to transship raw materials out of South American countries such as Brazil, Venezuela and Guyana to European and Asian markets.
Link to Oldendorff case study.
T&T’s natural and safe harbour makes it a preferred location for the storage of ships. This may be particularly useful to oil and gas services companies which may be suffering a slowdown in business due to recent low oil prices.
T&T lies just 11 km off the coast of South America and 2,200 km away from the Panama Canal. This location places the twin island nation only 19 km away from the international shipping lanes.
It's location south of the hurricane belt also ensures the protection necessary to establish safe ports and harbours.
T&T’s natural harbour provides an ideal solution for exporters who face huge difficulties shipping from the South American mainland due to fluctuating river drafts and insufficient port infrastructures. T&T has well developed maritime clusters, with 8 marinas and a wide range of essential goods and services that are readily available and accessible.
The maritime industry can engage the services of international standard engineers, welders, seamen, pilotage and stevedoring personnel, amongst others, from an English-speaking local workforce.
Tertiary institutions offer well established courses to the Maritime sector including:
Additionally, 16 local institutions produce graduate welders and 2 local schools train new commercial divers.
Locally registered firms engaged in ship building and ship repair are allowed duty free treatment on machinery, equipment and materials under the provisions of the Third Schedule of the Customs Act, Chapter 78:01 (as amended).
Repair services for ships involved in commercial maritime are exempt from VAT under the provisions of the Value Added Tax Act (Amendment to Schedule 2) Order, 2016.
Companies are allowed expenses reasonably incurred in the training and retraining of employees up to 150% of such expenditure under Section 10E of the Corporation Tax Act, Chapter 75:02.
Under the Corporate Tax Act any company which promotes or sponsors yachting will be allowed an allowance equal to 150% of the actual expenditure incurred in respect of such promotion or sponsorship, up to a maximum of $450,000.
With the expansion of the Panama Canal and the construction of the Nicaraguan Canal, opportunities exist within T&T to build on the past successes of the industry and develop viable and competitive maritime clusters in:
Currently there is one major dry-dock in operation servicing ships up to 230 metres long and with a lifting capacity of 23,000 metric tons. The capacity for additional services and repairs can be increased with the establishment of a major dry-docking facility by investors.Learn More