This project aims to establish an offshore bulk transshipment facility for transshipment of goods traveling from South America to Panama.
The maritime industry value chain comprises ship repair and maintenance, transshipment, small craft construction, marine equipment and marine electronics. The transshipment industry is made up of companies engaged in land-based or offshore transshipment, as well as bulk and containerized transshipment.
In Trinidad and Tobago, the maritime sector is in its early growth stages. Currently, the country has six ports of entry, one coastal bauxite transshipment port and one offshore iron ore transshipment facility. The iron ore transshipment facility is run at 100 percent capacity and as such, there is room in the industry for other players.This project aims to establish an offshore bulk transshipment facility for transshipment of goods traveling from South America to Panama.
Investment RequirementApprox. US$40M
Type of InvestmentShipping companies currently servicing the South America/Panama route
LocationGulf of Paria
The proposed project would allow Trinidad and Tobago to capture some of the high demand for transshipment facilities in a safe location en-route from South America. The proposed site for the project is in the Gulf of Paria. Some of the goods that are currently transshipped en-route to the Panama Canal are: