Senior Reporter
joshua.seemungal@guardian.co.tt
Prime Minister Stuart Young says he discussed the issue of how proposed tariffs could affect T&T’s shipping industry with US Secretary of State Marco Rubio during bilateral talks in Jamaica on Wednesday.
He made the comment while addressing the Shipping Association’s 87th Business Breakfast and Annual General Meeting at the Port-of-Spain Cruise Ship Complex yesterday.
“There are two sets of tariffs that could affect the Shipping Association. There are the tariffs that we are hearing on goods and services, which you are seeing put on by the United States on many countries that we trade with, that are going to have a direct impact on the cost of goods on every single one of us, not only in Trinidad and Tobago, but throughout the Caricom region. “But the important one that we were looking at specifically was the potential tariffs on ships built in China and any shipping fleet that even has an order for a ship to be built in China and as I told Secretary Rubio, I don’t have the statistics but I’ll find it very hard to believe that any global shipping fleet does not fall into one of those two categories. And I made the case for us in T&T, as well as the Caricom region of how detrimental that would be to our citizens in this region,” he said.
In a move which US President Donald Trump hopes will boost the country’s shipbuilding industry, the US government is holding public hearings regarding increasing port call fees for Chinese-built vessels. The fees could be increased to as much as US$1.5 million per port call. According to Young, Government has identified the maritime industry as a key target in its hope to diversify the economy. He sought to assure the Shipping Association’s members that Government will back them.
“We are perfectly poised here in T&T to achieve much in the maritime industry. We have natural deep harbours. We have the Gulf, which is a natural harbour for hurricanes because we are south of the hurricane belt. We are prepared to do the bunkering for the efficiency of fuels going forward in the future because we are producers of LNG, as well as ethanol,” he said. “With increasing maritime trade in the Caribbean, Trinidad and Tobago can expand its bunkering services and cater to transitioning vessels in its territorial waters. This will be T&T’s foreign service package, integrating bunkering, cold stacking, ship repair and transshipment services, making the country a one-stop hub for maritime logistics. Increased bunkering services will increase foreign currency inflows and create employment in the industry,” the PM said.
Minister Young also sought to address continued concerns about foreign exchange availability in the country. “Unfortunately, there’s no magic pill to it. What we are going to work on is the allocation. How do we introduce a more efficient allocation system, and to be frank, to assist the average people, because we understand every business wants their share of the allocation. The shipping industry has a serious role to be able to contribute,” he said.
Minister of Works and Transport Rohan Sinanan, as well as the Minister of Trade and Industry Paula Gopee-Scoon were also in attendance.
Port workers protest
As the Prime Minister exited the gates of the Cruise Ship Complex, however, the vehicle he was in passed a group of seven protesting port workers. Holding placards, they said they turned up as they got word of PM Young’s visit.
“It seems as though they are not giving any consideration to the port workers who have been out here through the pandemic and for a very long period fulfilling the duties of the nation. And at this point in time, we see that they give themselves a great increase and they have all the perks…and the working class - who work for everything - they want to give them the smallest percentage,” group spokesperson Khary Gregoire said.
“We saw everything rise. We saw the Minister of Finance raise gas three times in one year. He laughed and he saw the nation not protesting all different kinds of things. We see they promise to fix the roads with the gas, but that never fix. It’s only when coming down to the elections when they decide to make some potholes into speed bumps.”
Noting that port workers last received a wage increase in 2013, he said, “You have to band yah belly and take loans, and the loans and them come back with high payment increase.”
Port workers at the Port of Port-of-Spain walked off the job in October 2024, demanding better wages and working conditions. A month later, in November 2024, the Industrial Court ordered the workers to return to work.