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Trinidad Trek.

MIAMI, SURE. FREEPORT, OK. PANAMA, UNDERSTANDABLE. BUT, Trinidad as a major transshipment hub?

That's right. Two Trinidadian ports are battling for the Caribbean's fast-growing transhipment business.

The state-owned Port of Trinidad and Tobago (PATT) is expected to approve a business plan to privatize the port at Port of Spain. PATT handled about 282,000 20-foot containers worth of cargo last year, of which 148,000 were transhipment traffic--that is, the boxes were only passing through on their way to some other final destination.

To the south, Point Lisas port is about to embark on a first phase of container-handling enhancements. They include the building of a large quay and a back-up area that would give the port a handling capability of 300,000 20-footers worth of cargo per year.

The new terminal is expected to be operational in the second or third quarter of 2002. Last year the port handled about 60,000 20-foot boxes worth of cargo.
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Publication:Latin Trade
Date:Jun 1, 2001
Words:158
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