What is Kingston Wharves Limited?
Kingston Wharves Limited (KWL) is the Caribbean’s leading multipurpose port terminal and logistics provider, serving the region and the world with a suite of customizable services ranging from mixed cargo handling to warehousing.
Who owns Kingston Wharves Jamaica?
Seaboard, a global shipping company, is now the second largest shareholder in KWL, ahead of Shipping Association of Jamaica Property Limited. Shareholders with 20 per cent ownership in Kingston Wharves are entitled to name three directors to the board. The port company is valued at $17 billion by assets.
Who owns Jamaica Wharf?
Chinese firm now majority owners of Kingston Freeport management company. China Merchants Port Holdings now has full control of Kingston Freeport Terminal Limited (KFTL), the entity that manages the Port of Kingston under a 30-year concession agreement with the Government of Jamaica.
How many wharves are there in Kingston?
We facilitate connections to more than 40 ports around the world and are committed to continual improvement in the interest of our customers, shareholders, employees and community.
Does the Chinese own Kingston Wharves?
The Chinese firm China Merchants Port Holdings is now in complete control of Kingston Freeport Terminal Limited (KFTL), the entity responsible for managing the Port of Kingston under a concession agreement made with Jamaica’s government. The agreement has a duration of 30 years.
Who is the CEO of Kingston Wharves?
Mark Williams
Kingston Wharves Announces Leadership Changes Grantley Stephenson Appointed Deputy Chairman and Retires as CEO Mark Williams Appointed CEO – Kingston Wharves Limited.
How many ports Jamaica have?
The heartbeat of the world is connected to the sea via five ports in the cities of Montego Bay, Ocho Rios, Falmouth, Port Antonio, and Kingston. These cruise ports in Jamaica are equipped to handle colossal passenger ships and boutique yachts.
Does China own Kingston?
(Jamaica Observer) China Merchants Port Holdings now has full control of Kingston Freeport Terminal Limited (KFTL), the entity that manages the Port of Kingston under a 30-year concession agreement with the Government of Jamaica.
Who owns Kingston Freeport Terminal?
CMA CGM
(KFTL) is a company ultimately owned by French shipping company CMA CGM, the third largest container shipping line in the world. The project entails the privatization, expansion and improvement, operation and maintenance of the existing Kingston Container Terminal (KCT) in Kingston Jamaica, under a 30 year concession.
What wharves mean?
Definition of wharf 1 : a structure built along or at an angle from the shore of navigable waters so that ships may lie alongside to receive and discharge cargo and passengers. 2 obsolete : the bank of a river or the shore of the sea. Synonyms Example Sentences Learn More About wharf.
Who owns Jamaica port?
A: The port facility known as the Kingston Container Terminal (KCT) is owned by the Port Authority of Jamaica. The PAJ is the Government of Jamaica agency vested under law with direct responsibilities for seaport facilities in JA. 2.
Who owns Jamaica shipping company?
(KFTL) is a company ultimately owned by French shipping company CMA CGM, the third largest container shipping line in the world.
Today, Kingston Wharves Limited (KWL) is a multiple award winning port, one of two public terminals on the Port of Kingston, moving bulk, breakbulk and containerised cargo. With connections to over 30 destinations in the Caribbean, North America and Latin America, the company in 2019, reported assets of US$206 million and revenue of J$7.9 billion.
Why choose seafreight Jamaica?
We facilitate connections to more than 40 ports around the world and are committed to continual improvement in the interest of our customers, shareholders, employees and community. Seafreight Jamaica appreciates Kingston Wharves’ outstanding customer service over the years.
What is the port of Kingston known for?
The Port of Kingston was also the birthplace of the modern labour and political movements in Jamaica, with the 1938 labour unrest starting on the port and giving rise to political parties and trade unions.