Chief Executive Officer of Kingston Wharves Ltd, Grantley Stephenson, has announced that the port terminal and logistics provider will be expanding its near port logistics facilities in Kingston by developing a new 14 acre modular warehousing complex. The investment is valued at US$30M. Mr. Stephenson made the announcement at Kingston Wharves’ annual general meeting held, Thursday June 21, 2018.
The new complex, to sited on Ashenhiem Road, will host two state-of-the-art modular and multi-purpose facilities that will include 100,000 square feet of ambient and temperature-controlled storage and 200,000 square feet of dry storage to increase the company’s capacity for storage and transshipment of goods. The facility will be competitive with global standards, and will expand the capabilities of Jamaica’s logistics sector, as light manufacturing and more value-added services will be accommodated at the new development.
The warehouse is proposed to be a Special Economic Zone facility and will therefore benefit from its special conditions therefore providing manufacturers and distributors with increased benefits when utilizing Jamaica as a logistics hub in the region. Kingston Wharves has noted that the warehouse is being developed for lease or joint venture partnerships.
In addition to this project, Kingston Wharves is also proposing the establishment of a pre-delivery inspection centre at Tinson Pen. The KWL’s CEO said this was in response to the recent announcement by the Jamaican government, that used car dealers will have to utilize the services of a company in Japan to do pre-shipment inspections prior to shipping to Jamaica. KWL proposes to have this service done in Jamaica at a lower cost to importers and to also extend the service to regional players.
After revealing the new projects and investments, Mr. Stephenson said that Kingston Wharves was focused on its “Next Step Logistics” Strategy that aims to modernize and expand Jamaica’s Logistics sector. He said the company’s Board of Directors has identified multiple opportunities in logistics, building on Jamaica’s advantageous location in the Western Hemisphere and proximity to major shipping lanes, logistics centers like the Panama Canal and hundreds of millions of consumers. He explained that this new facility was one element of the strategy, which included training of staff and expansion of services.
Looking towards 2018, the KWL CEO said, “The implementation of initiatives geared toward bridging the gap between KWL’s current performance and comparable global standards will be intensified in 2018. We have set our sights on cementing global standards that drive growth & profitability, and we will focus on positioning ourselves competitively by achieving operational excellence through global standards and complementing our operations with service standards that will drive service excellence.”
He further noted that with this approach, KWL will attain international standards and Jamaica will be highlighted as the key Logistics location in the Caribbean. Mr. Stephenson said, “This [strategy] will make the Group an outstanding enterprise in which to work and with which to do business. This is our strategic theme for 2018 and continues our focus on Growth, which we started three years ago. This approach will help us to be even more competitively positioned in the local, regional and global marketplaces.”
About Kingston Wharves
Kingston Wharves, the leading multi-purpose port operator in the region, has been undergoing a modernization programme and expansion in the field of shipping logistics. The Company operates in addition to its port facilities the Total Logistics Facility for the deconsolidation of cargo and retail shipping and the Global Auto Logistics Centre. The company maintains nine deep water berths which facilitate various cargo types including automobiles, container, general break bulk and bulk cargoes.