JAMAICA Producers Group (JP), which holds the largest equity stake in Kingston Wharves Ltd (KWL), hopes to profit from increased competition at the ports arising from the newly privatised Kingston Container Terminal (KCT).
“The recent decision to privatise the operations of KCT will bring a new competitor to the local logistics landscape, but it may also heighten the level of activity at the port of Kingston by generally improving its attractiveness to the global network of shipping lines. KWL is embracing these changes and is proactively developing new business opportunities that benefit from its unique position as the Caribbean region’s leading multi-purpose port,” according to a statement prefacing the JP financials signed by JP Chairman Charles D Johnston.
Published in the Observer
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