JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web browser. It makes web pages functional for specific purposes and if disabled for some reason, the content or the functionality of the web page can be limited or unavailable.

Wednesday, March 5, 2025

Ramps CEO: Spend more on port investment

by

PETER CHRISTOPHER
32 days ago
20250131
Ramps Logistics CEO  Shaun Rampersad

Ramps Logistics CEO Shaun Rampersad

Se­nior Mul­ti­me­dia Re­porter

pe­ter.christo­pher@guardian.co.tt

Ramps Lo­gis­tics CEO Shaun Ram­per­sad is urg­ing greater in­vest­ment in sus­tain­able port in­fra­struc­ture across the Caribbean.

Ram­per­sad was speak­ing at Day 2 of the In­ter­na­tion­al Eco­nom­ic Fo­rum for Latin Amer­i­ca and the Caribbean host­ed by CAF – De­vel­op­ment Bank of Latin Amer­i­ca and the Caribbean in Pana­ma on Thurs­day.

The Ramps CEO not­ed that be­cause of the lim­it­ed fa­cil­i­ties at most Caribbean ports, in­ter-re­gion­al trade was more cost­ly than trade to the Unit­ed States.

“In the Caribbean, we have two ma­jor chal­lenges. One is that even though our ports are al­ready small, the vol­ume of in­ter-re­gion­al or in­tra-coun­try trade that takes place is very, very slow, very, very low. It cost me more mon­ey to ship a cu­bic me­tre of car­go from Mi­a­mi to Bar­ba­dos than it does from Trinidad to Bar­ba­dos, even though the dis­tance from Trinidad to Bar­ba­dos is 1/10th the dis­tance from Mi­a­mi, be­cause the in­fra­struc­ture be­tween the is­lands of the Caribbean does not ex­ist to re­al­ly fos­ter that type of eco­nom­ic trade,” said Ram­per­sad.

He, how­ev­er, recog­nised that there was bet­ter in­fra­struc­ture in place to ac­com­mo­date cruise lines, but this al­so posed a chal­lenge for small­er Caribbean coun­tries.

“If you look at the num­ber of pas­sen­gers that pass through Caribbean ports, it is mas­sive. This morn­ing, Gas­ton Browne, Prime Min­is­ter of An­tigua, spoke in the main hall. If you take an is­land like An­tigua, you take an is­land like St Lu­cia, if two Roy­al Caribbean cruise ships come in­to port, they take more pow­er than the en­tire coun­try takes with those two ships. When these guys come in­to port, they are burn­ing diesel. They are burn­ing fu­el oil,” said Ram­per­sad.

“There’s mas­sive op­por­tu­ni­ty to de­car­bonise the cruise ship in­dus­try in the Caribbean, but in or­der to do that, in­vest­ment is re­quired on shore-side elec­tric­i­ty. Where does it come from? How can we scale that up so that when the cruise ships come in, we are able to give them shore elec­tric­i­ty from green sources, but at the same time, how do the peo­ple in the Caribbean ben­e­fit from that? Be­cause we put these prod­ucts in, can we re­duce the cost of elec­tric­i­ty? And I think that’s an im­por­tant con­sid­er­a­tion to think about when we think about ports.”

Ram­per­sad said that many coun­tries in Latin Amer­i­ca al­so over­looked the en­er­gy in­dus­tries present in Cari­com states like Trinidad and To­ba­go and Guyana, when propos­ing plans for the re­gion.

“A lot of peo­ple don’t un­der­stand what is go­ing on in places like Trinidad and Guyana and the size and the scale of the en­er­gy in­dus­try,” said Ram­per­sad, “Trinidad is the largest pro­duc­er of methanol and am­mo­nia in the world. How does that play a part in de­car­bon­is­ing ports? Is there an op­por­tu­ni­ty to bring hy­dro­gen in if we think about gen­er­at­ing pow­er for the cruise ports? Can that pow­er come from methanol? Can it come from am­mo­nia? Does that make it green­er? And does that mean that every­body who lives in the Caribbean, the peo­ple who use the port, the car­go own­ers, the ship own­ers, but most im­por­tant­ly, the peo­ple who live there, can they have a bet­ter qual­i­ty of life?”

In his clos­ing re­marks, Ram­per­sad fur­ther called for great in­volve­ment by the pri­vate sec­tor via pub­lic pri­vate part­ner­ships in the in­ter­est of im­prov­ing the qual­i­ty of life of peo­ple in the re­gion.


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored