Offshore Bulk Transshipment Port

Offshore Bulk Transshipment Port

Trinidad and Tobago’s proximity to South American source markets for ore, combined with our large naturally sheltered harbor, developed maritime infrastructure and specialized industry support systems have made us the preferred location for Transshipment operations.

Investment Opportunity

  • Investment Requirement

    Approx. US$40M
  • Type of Investment

    Shipping companies currently servicing the South America/Panama route
  • Location

    Gulf of Paria

Investment Process

In 2018, The Government of the Republic of Trinidad and Tobago developed clear guidelines for the legal, institutional and administrative framework for the expansion of transshipment activities in Trinidad and Tobago.

1. Initial application form and full business proposal to be submitted by applicant to InvesTT for review and adjustment as recommended. InvesTT will forward finalised documents to the Ministry of Trade and Industry (MTI) for their assessment. Once the go-ahead is received from the MTI, the package will be forwarded to the Maritime Services Division (MSD) for consideration.

2. The MSD will determine a suitable location for the proposed activity. The applicant may also be directed to other government regulatory bodies for additional permits or approvals.

3. MSD may issue the applicant a letter indicating all the requirements for the specific operation. The bona-fide Owner/Agents will then make an official request to the MSD. It should be noted that local cadetships berths on vessels will be looked upon favourably.

4. Once all requirements are satisfied, a contract will be drawn up by the MSD and forwarded to Cabinet for Approval.

Downlaod the Maritime Investment Guide for the Gulf of Paria, Trinidad and Tobago here.

 

Case Study

Carriers:

Oldendorff Carriers currently operates an offshore transshipment facility in the Gulf of Paria, Trinidad. This “facility” transfers  ore and bulk cargo originating from draft restricted ports and rivers in South America, into larger vessels destined for North America and China.

Oldendorff has been successfully operating in Trinidad and Tobago since 2012.

Operating Facts:

Country of Origin - Germany

# of years operating – 6 years Started 2012

Growth – Added another crane in 2015

Find out more Oldendorff's success in Trinidad and Tobago here.

Talk to our expert

Investments

TEL: +1 868 225 4688FAX: +1 868 225 5820