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CMA CGM, a leading worldwide shipping Group, is pleased to announce that the Kingston Containers Terminal concession started on July 1st. Port works including dredging and infrastructural development will start immediately, undertaken by Vinci, Jan de Nul and EMCC.
Funding was provided by both institutional (Inter American Development Bank РIIC, Agence Francaise de D̩veloppement РProparco, DEG and FMO) and private funders (CIBC First Caribbean, CIFI, Cordiant).
Farid T. Salem, CMA CGM Executive Officer said, “With the Kingston Terminal, CMA CGM strengthens its investments in hub solutions. Our terminals are ideally placed on global maritime routes at strategic locations. Facilities use modern and high-performance infrastructures which strengthens CMA CGM’s competitive advantage. The terminal will welcome all maritime companies at its “Common User Terminal”. Taking into account all APL ports, CMA CGM today operates 33 terminals with 3 in development.
Kingston becomes a transshipment platform in the Caribbean
On April 7, 2015, CMA CGM obtained the Kingston Containers Terminal concession. Works when finalized will offer 2,400 meters of wharf, a 80 ha surface and 15.5 meters draught.
The facility will be equipped with 14 gantry cranes, later increasing to 16 and finally 18, plus 60 straddle-carriers that will increase its annual capacity up to 3.6 million TEU containers. The terminal extension will elevate Kingston to within the top three Carribbean container terminals. New equipment will facilitate transshipment operations towards the whole region thanks to connection services lines.
A strategic project following the inauguration of the new Panama canal
The widening of the Panama canal, inaugurated on June 26, 2016, allows up to 14,000 TEU-capacity vessels to cross the canal. The Kingston hub location is strategic: at the entrance of the canal and at the crossroads of the North/South and East/West lines.
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