Cargo Handlers Limited (CHL) and New Fortress Energy (NFE) have announced that both entities have commenced dealings which will see Cargo Handlers deliver product to the liquefied natural gas (LNG) provider.
Cargo Handlers, which is based in Montego Bay, St James, provides stevedoring and petroleum haulage services.
Essentially, Cargo Handlers has become a transportation provider of New Fortress Energy for the delivery of LNG, said New Fortress spokesman Jake Suski in response to Gleaner Business queries this week.
New Fortress said Cargo Handlers “has a dedicated a team of drivers that have undergone extensive training in handling LNG. They are capable of both loading and unloading, and have already safely handled LNG tankers and ISO containers. This partnership represents another significant step in the development of a new skilled workforce in Jamaica.”
The arrangement commenced in September 2017, but Suski did not reveal further details on the deal nor specifics of the arrangement.
The fourth-quarter financials disclosed the “partnership” between both entities.
“Our petroleum haulage unit is poised for further growth with the partnership with NFE,” stated the financials.
“Come next quarter, we should also begin to see signs of the recent infusion of additional haulage equipment positively impacting our equipment leasing revenue stream.”
Mark Hart, chief executive officer of Cargo Handlers, clarified the meaning of partnership.
Published in the Jamaica Gleaner
Read full Article →