Connect with us

Caribbean News

JAMAICA: Multibillion-Dollar Shipyard Project Launched

Published

on

#Kingston, Jamaica, January 23, 2023 – Economic opportunities are expected to abound for Jamaica, through the establishment of a multibillion-dollar ship repair and maintenance facility in the country.

Called the German Ship Repair Jamaica (GSRJ) Shipyard, the project will provide dry docking (lifting the ship out of the water) for commercial vessels up to 20,000 tons, and a range of maintenance and repair services to vessels operating in and around the Caribbean and Central America.

Phase one of the project, which is to be completed by October/November this year, is being undertaken at an overall cost of nearly $6 billion (or US$37 million), with financial partner Sagicor Bank committing to half of this amount as a bank loan. This will see the first floating dry dock, JAM-DOCK 1, becoming operational.

Prime Minister, the Most Hon. Andrew Holness, who  delivered the main address at Tuesday’s (January 24) launch at the Kingston Harbour along the Sir Florizel Glasspole Highway,  said that “this project will earn foreign exchange”.

“It will provide high-quality jobs, and it will contribute greatly to the prosperity of our country,” he added.

Mr. Holness noted that the development will contribute to the positioning of Kingston Harbour as a global logistics hub, pointing out that each year, Jamaica receives approximately 3,000 port calls while approximately 180,000 vessels operate within the region.

“With the investments that are being made in improving Kingston as a logistic hub, we are certain that we have now closed one of the major gaps that have existed and that more ships passing through the region will be inclined to come to Jamaica,” he said.

For his part, GSRJ Limited Chief Executive Officer (CEO), Colonel Martin Rickman, said that the project “represents a new industry for Jamaica with great opportunities for other spin-off businesses, hence even contributing more to the economy”.

He pointed out that Jamaica’s “excellent geo-strategic location” makes the country particularly suitable for having a shipyard.

Detailing the specific operations of the facility, Colonel Rickman explained that “we here at GSRJ Shipyard will be able to lift that ship out of the water to conduct many types of work on the hull, the propeller, engine repairs and the entire nine yards, so this is significant for us”.

By international maritime law, all ships are required to be dry-docked to check for safety and integrity once every five years and attain class certification.

The CEO said that the training component of the project is crucial to enable  workers to meet the international standards to carry out the required operations.

He informed that some persons have already been trained.

In his remarks, President and CEO of Sagicor Group, Christopher Zacca, said that as lead arranger, the organisation is “confident that this new development will make a significant impact on the country’s shipping industry while also contributing to our productive economy”.

“We want all Jamaicans to share the vision of the stakeholders; this is a big deal for Jamaica and we want Kingston to have the leading ship repair and servicing port in the Caribbean,” Mr. Zacca said.

The GSRJ’s partners include Harren and Partner Group, Germany; Kingston Holding, Jamaica; Kloska Group, Germany and HAT-SAN Shipyard, Turkey.

Government agencies involved in the project are the Development Bank of Jamaica (DBJ), the National Land Agency (NLA), National Environment and Planning Agency (NEPA), the Attorney General’s Department, and others.

Several private-sector entities are also involved in making the project a reality.

The GSRJ started business in Jamaica in 2016 with the intention to build a ship-repair facility at the Kingston Harbour to boost employment and introduce the country to viable economic activities in the shipping and maritime industry.

 

Contact:  Mickella Anderson

Release: JIS

Continue Reading

Caribbean News

TCI Sport delegation visits the Cayman Islands and Barbados with key sport leaders

Published

on

TCI Sports Commission delegation traveled to the Cayman Islands and Barbados to visit with key Sport leaders. The TCI delegation included the Sports Commission Director, Mr. Jarrett Forbes, Deputy Director, Mr. Alvin Parker, and Facility Manager for Providenciales, Mr. Darian Forbes. The aim of the travel was to visit major facilities, with priorities being pool facilities, and discuss sport development strategies.

The team had the pleasure of being hosted by the Deputy Chief Officer for Sport, Dr. Dalton Walter, and the Director of Sports, Mr. Kurt Hyde in the Cayman Islands; who facilitated the facility tours and shared valuable information on Sports Development. Meetings were held with Deputy Chief Officer Ms. Joan West and Technical Director for the Cayman Islands Aquatics Sport Association, Mr. Jacky Pellerin, on the Cayman Islands’ new 50-meter and 25 meter 10 lanes Mrytha pool facility, as well as with Ms. Shakeina Bush from the National Olympic Office on National Federation development and funding opportunities. The Sports Commission delegation was also grateful for the courtesy call with the Minister of Sport for the Cayman Islands, Hon. Isaac Rankine, and the Chief Officer Ms. Teresa Echenique.

During the Barbados leg of the exploratory travel, the Sports Commission team was hosted by the Director of the National Sports Council, Mr. Neil Murrell, and the Assistant Director of Sports, Mr. Ryan Toppin. The TCI team toured the National Sport Council facilities and visited the Barbados National Olympic Association. Significant to the TCI’s plan to develop an aquatic center, the TCI Sports Commission visited the Barbados Aquatic Sport Association and met with former National Olympic Academy Director, Mr. Dave Farmer, and the President and Second Vice President of the Barbados Swim Association, Mr. Robert Armstrong and Mr. Nicholas Mathis. Insights were shared regarding swimming pool design, development and maintenance as well as pool programming strategies to ensure the growth and sustainability of swimming in the islands.

The TCI delegation also visited other stadium facilities such as Track and Field, Football and Cricket, and other major facilities in Basketball and Boxing. The TCI Sport Commission officials had great discussions with both the Cayman Islands and Barbados sports officials surrounding the development of coaches, athlete development pathways, and strengthening relationships with National Sport Governing Bodies.

Director of Sports, Mr. Jarrett Forbes, said, “We were very grateful for the hospitality and support extended by our Caribbean colleagues. Their support affirmed the commitment and unity among the Caribbean community to develop sports in the region.”

Continue Reading

Caribbean News

SIDS drowning in debt as sea levels rise

Published

on

Garfield Ekon

Staff Writer

 

June 7, 2024 – United Nations (UN) Secretary General, His Excellency Antonio Guterres has said that international financing is the “fuel for sustainable development” but small island States are running low on the funding.

Addressing  day two of the Fourth International Conference on Small Island Developing States (SIDS24), in Caribbean twin island nation of Antigua and Barbuda, the Secretary General said while financing is low, the countries are drowning in debt and rising sea levs due to Climate Change.

“You are leading by example, but too often you are facing closed doors, from institutions and, adding that the COVID-19 pandemic and other global happenings have negatively impacted vulnerable economies, and “battered by a Climate catastrophe they did not create”, he told the gathering.

The SIDS countries are paying more to service their own debt than they invest in healthcare and education, the UN chief warned, leaving the nations unable to make the investments they need to meet the 2030 Sustainable Development Goals (SDGs).

Many of the States are classified as middle-income, shutting them out of the debt support reserved for the poorest nations, the UN Chief argued that vital actions are needed from international financial institutions, in addition to an immediate SDG stimulus for the SIDS nations.

He outlined that the debt burden should be relieved, by providing access to effective relief mechanisms, including pauses in payments during times of economic volatility, while also transforming lending practices by changing the rules on concessional finance to lower borrowing costs. “You cannot finance education and health with 15-year loans. Let us make SIDS a real priority in everything we do,” he said.

Prime Minister of Barbados, Mia Mottley said there was simply no political will on the part of the developed world to make the financial system work fairly,  as she enquired  how many  of those leaders have turned up in Antigua. “We are not seen”, she said, adding that “we continue to be serfs” when it comes to the power imbalance.

Small Island Developing States (SIDS) are in the crossfires of multiple crises: Climate Change, the economic and social repercussions of COVID-19, and a crisis of debt. The pandemic hugely impacted all island nations, especially those dependent on tourism. Global lockdowns left large holes in islands’ coffers and severely set back efforts to invest in the SDGs.

Continue Reading

Caribbean News

Transcultura lauded at SIDS gathering, wins Partnership Awards 2024

Published

on

Garfield Ekon

Staff Writer

 

June 7, 2024 – The United Nations (UN) programme, Transcultura, which seeks to integrate Caribbean, and the European Union through Culture and Creativity, has been selected to receive the Small Island Developing States (SIDS) Partnerships Awards 2024.

Operate under the United Nations Educational, Scientific and Cultural Organization (UNESCO), it is the largest programme in Latin American and the Caribbean, and is a four-year initiative for young cultural professionals, artists, and entrepreneurs from 17 Caribbean countries.

Implemented in three languages, it provides them with opportunities for their future, in the region and in Europe, through training, support to entrepreneurship, networking and mobility programmes. With 15 million euros (16.5 million US dollars) provided by the European Union (EU), Transcultura is also the most significant EU investment in culture in the region.

In four years, over 1,600 young people from 17 Caribbean SIDS have benefited from the programme, with more than 50% being women. Through a combination of in-person and online courses, 600 cultural professionals have been trained. It has also facilitated cooperative cultural exchanges involving over 200 organisations from the Caribbean and the European EU. 

The programme resulted in the establishment of the Caribbean Cultural Training Hub, which fostered synergies between key educational institutions in the region. The award’s jury recognised the transformative impact of the Transcultura programme, empowering young people in the region to become agents of change and development in their communities through culture and creativity.

It was established by UN Member States in 2021 to recognise the efforts of the best and most notable partnerships in the implementation of the SIDS Accelerated Modalities of Action Pathway (SAMOA Pathway). The goal is to inspire others to embark on such partnerships with SIDS.

Transcultura programme leverages the rich cultural diversity of the Caribbean as a driving force of sustainable development through cooperation and exchange within the Caribbean and between the Caribbean and the EU. It aims to create professional opportunities for young people in the Cultural and Creative Industries.

Beneficiary countries are: Antigua and Barbuda, Bahamas, Barbados, Belize, Cuba, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname and Trinidad and Tobago.

Continue Reading

FIND US ON FACEBOOK

TRENDING