CMA CGM, through its port terminals subsidiary Terminal Link, is to become the operator of the Kingston Container Terminal (KCT) in Jamaica. The move will give the French shipping group a long-term concession to finance, expand and operate Jamaica’s main seaport in the capital.
Prime Minister Portia Simpson Miller made the announcement that the agreement will be officially signed on April 7.
She said the agreement contemplates dredging, optimisation and expansion of KCT in two phases; the first will include dredging the ship channel, the turning basin and some berths to accommodate post-Panamax vessels. Additionally, significant civil works to retrofit some berths will be undertaken.
KCT is one of the region’s leading container transhipment ports with a capacity of 2.8m teu. Its equipment includes 19 ship-to-shore gantry cranes (STS), with four super post-Panamax cranes among them.
CMA CGM already has a presence at KCT, having signed an agreement with the Jamaican Government in 2011, which will see the company invest US$100m to improve infrastructure and equipment in exchange for a 35-year lease to set up a major hub.