Home' Trinidad and Tobago Guardian : March 6th 2014 Contents tainers per annum, although that volume
is not projected until 2030. The throughput
of the current two largest ports in the country,
Port-of-Spain and Point Lisas, is between
270-300 containers per annum.
He said T&T should be thinking big with
the opening of the extended Panama Canal.
Not only would there be a market for trans-
shipment, but also for liquefied natural gas
(LNG) "bunkering" or refuelling that large
ships now do at major international ports, like
Singapore, ironically, with LNG from T&T.
"Let La Brea be the centre," he said. "We
have a ready market and we have an industrious
He added, "it s long overdue for us to start
building 1,000-acre industrial estates. If we
didn t have Point Lisas, I don t know where
we would be today."
The foresight of Pt Lisas
He lavished praise on the brain behind Point
"We must return to the Ken Julien model.
I don t want to laud Ken Julien more than we
should, but he had a vision."
He said Venezuela, Guyana, and Suriname
will all need port services and "we must come
up with a way to help them."
Gosine said "a week doesn t go by without
someone coming to us and saying, We want
to transship. We are only about ten nautical
miles from the Atlantic and we have a product
that nobody else has: LNG."
The energy sector veteran who said he has
been labouring in the vineyards for the past
40 years, has been living in the US for the
He said this is not about him, however, but
about "driving entrepreneurship." He said
manufacturing accounts for about 60 per cent
of GDP. Oil is only about 40 per cent and is
not as job-creating as manufacturing.
Transshipment in Panama is what made
that country successful, he said. T&T has the
potential to be just as, or more successful in
trans-shipment, he said, because T&T has a
reason for LNG-powered ships to dock here,
to refuel in Point Fortin. He said laws forcing
LNG use are being passed around the world.
He said it is no wonder Panamanian Pres-
ident Ricardo Martinelli is interested in, and
visited Trinidad in 2012.
A release from the Office of the Prime Min-
ister of T&T dated May 15, 2012, was headlined,
"T&T, Panama to strengthen energy, transport
The release said: "Prime Minister Kamla
Persad-Bissessar proposed the supply of avi-
ation fuel supply to Panama following President
Martinelli s disclosure that Panama has been
in the process of expanding its airport to
accommodate an additional 66 gates. On com-
pletion, the Panama City airport will be
amongst the largest in Latin America.
"President Martinelli told (a) meeting (in
Trinidad) that Panama has signed an agreement
with a Venezuelan company that plans to con-
struct an underwater pipeline. On this basis,
Prime Minister Persad-Bissessar noted the
possibility of a joint venture that allows T&T
to supply fuel to Panama via this pipeline.
"Petrotrin chairman Lindsay Gillette assured
that the issue will be taken further, saying that
meetings have already been held with COPA
airline and an agreement is expected with
regard to the export of aviation fuel. Gillette
also commented on COPA airline s current
pricing and assured President Martinelli that
T&T will be sending bunkers to Panama."
Gosine, who travels back and forth to T&T
from New York state where he lives, said he
travels often to Hamburg and Rotterdam, other
major international ports. He said with "the
MARCH 2014 • WEEK ONE www.guardian.co.tt BUSINESS GUARDIAN
NEWS | BG5
T&T needs 1,000-acre
From Page 4
Orinoco River right here," T&T could be
doing a lot of what those ports are doing.
As an aside, he said Rotterdam only allows
LNG-powered ships to dock there.
He spoke, too, about "breaking down
cargo" and adding value to items and re-
shipping them. He said at some ports to
which he has travelled, he has seen how
thousands of an item may be shipped to the
port, but they do not stay there for the con-
sumption of the port s host country. Instead,
value is added to them, and they are then
exported back out. This could become a
multibillion-dollar manufacturing industry
for T&T, he said.
Asked if there is any transshipment taking
place in T&T now, he said, yes, but on a very
small scale, and that will not be enough to
compete in 2015 when the Panama Canal
To build the Brighton International Ter-
minal, Gosine said he needs lots six and nine
on the NEC compound where Labidco is
located. He said: "We don t need one penny
from the Government. We have interest and
investors from the US, Singapore, the Middle
East and Western Europe."
He said, "400,000 barrels of oil per day
pass through La Brea and what are we getting
for it? The port, unlike oil, will bring more
to the people of La Brea. We, in Trinidad,
have to learn to ask our politicians, what
have you done for me lately? and not what
are you going to do for me in the future? "
of Labidco Port
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