KINGSTON, Jamaica — Minister without portfolio in the Ministry of Economic Growth and Job Creation Dr Horace Chang says the Port of Kingston is on the verge of becoming the biggest transshipment hub in the entire Caribbean.

Speaking at the Commissioning Service for newly acquired pilot boats at the Port of Kingston on Wednesday, Dr Chang said the shipping industry is on the pathway of rapid growth where Jamaica’s economy stands to benefit tremendously.

He further noted that Jamaica, by virtue of its geographic location, is strategically poised to make major inroads in a transshipment business that has long surpassed the trillion dollar mark globally, according to a release.

“I wish to welcome you all here today to the commissioning ceremony for our two newly acquired pilot boats. This acquisition by the Port Authority of Jamaica (PAJ) represents clearly, the intention of this stellar agency of the state to pursue meaningful improvements to maritime operations at the Kingston Port,” Dr Chang remarked.

“This reflects the continuous upgrade to our ports with the intent to become the region’s finest logistics centre.

“Furthermore, the expansion of the Port of Kingston following its divestment is a demonstration of the government’s policy to expand the role of the private sector in national development.”

The minister pointed out that all major international trade revolves around shipping and that having the kind of facility and services that can entice some of the major global players “will certainly bode well” for Jamaica’s future.

Dr Chang added that it is indeed critical, that all other aspects of port development is aligned with the significant efforts of the concessionaire, noting that “we are pleased with the aggressive approach taken” to the improvement at the port through the dredging, the introduction of new electronic systems and acquisition of much-needed equipment.

He added that the government will retain its position of regulator while continuing to encourage private sector partnerships such as these to advance the sustainable economic development of Jamaica.

“It is no secret that the development of our ports is a critical area of focus for this administration. We are convinced that the development of the island’s logistics offerings will benefit the sustainable economic growth of our nation and indeed, the Caribbean Region,” he further noted.

“With the increased traffic expected, I must reiterate the importance of state support in the development of all ports as we build out our logistics capabilities.”