investment opportunities in trinidad's maritime industry
DESCRIPTION
Find out why investors like Oldendorff Carriers are already moving into Trinidad and Tobago's growing maritime sector.TRANSCRIPT
INVESTMENT OPPORTUNITIES
Maritime Sector Investment
2012-2013
Where is T&T?
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Key1. Chaguaramas Boatyards, CL Dry-dock & Alcoa Transshipment Port2. Port of Spain Port3. Point Lisas Port4. San Fernando Ferry Terminal10. Brighton & Point Fortin Ports – Oil Supply Company and Shipment of LNG11. Galeota Port12. Scarborough Port13. Hibiscus Gas Field14. Southern Oil Fields15. Gas & Oil Field16. East Manzanilla Gas Field17. Angostura Gas Field18. Oldendorff Transshipment
Port
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T&T Maritime landscape
Maritime Industries
1. Located near international shipping lanes to large and growing markets
2. Outside of Hurricane Belt – Low incidences of natural disasters
3. High maritime activity requiring service companies4. The Gulf of Paria is a naturally sheltered harbour with
dredged shipping channels of 13 metres deep.5. Trained maritime professionals 6. Long history in marine fabrication, including offshore
platform construction.
Why Invest in Maritime Industries in T&T?
“We offer a number of natural and industrial advantages.”
Near Global Shipping Lanes
• Located off the coast of Venezuela
• Within 12 miles of major shipping lanes.
Robust Economies
Country GDP (2011) (In Billions USD)
Colombia 333.4
Venezuela 316.5
Guyana .002
Suriname .004
Brazil 2,477
Uruguay 46.7
Argentina 446
Cumulative3,626.5
Economies of Eastern South America
Below the Hurricane Belt
Hurricane Activity in the Atlantic since 1851
High-level Maritime activity
Vessel Type NumberBulk Cargo 130Cargo 271Container 136Tanker 350Tug 75Offshore Supply Ship
99CAR 28Passenger 28Other 99Total 1216
2011 Port Entries
High-level Maritime activity
Six Ports of Entry• 4 in the Gulf of Paria • 1 at Galeota• 1 in Tobago
A naturally sheltered harbour
Caribbean Sea
Atlantic Ocean
Gulf of Paria
A naturally sheltered harbour
• Trade winds and ocean swells come from the north east, making the Gulf of Paria a naturally sheltered harbour with few waves and light winds.
• Swells averages average less than one metre in the Gulf of Paria throughout the year due to the wind and wave direction.
• Wind speeds averaging seven knots in the windiest months and four knots in the least windy month.
• Wind direction is offshore in the Gulf of Paria, leading to no major swells.
A naturally sheltered harbour
History of marine fabrication
• Offshore drilling in existence since 1954. T&T is the leading oil and gas producer today
• 38 oil and gas companies currently active; numerous downstream industries
• Dry-dock & ship repair facility more than 100 years old
Opportunities
Identified business opportunities in the Maritime Industry are particularly favourable in:
1. Bulk Transshipment
2. Ship Service & Repair
3. Leisure Marine
Bulk Cargo Transshipment
http://www.oldendorff.com/index.html
http://www.youtube.com/watch?v=hg8MXvGS9R8
Bulk Cargo Transshipment
Geographical Advantages• Located along the South America/Asia bulk goods shipping
route• Outside of the Caribbean Hurricane Belt• Ease of handling and safety due to low wind speed. Wind
speeds of seven knots in the windiest months and four knots in the least windy month
• Large natural harbour areas, sheltered from ocean swells
Labour Force• Well-trained• Maritime operations training done at the University of
Trinidad and Tobago
Experience• A number of companies have already located here
successfully (Alcoa, National Fisheries and Oldendorff)
Bulk Cargo Transshipment
Dry-Docking in TrinidadAbundance of Demand• Ships traveling within or passing near to Trinidad and Tobago’s
territorial waters• Increasing ship transport to Trinidad and Tobago, as well as
Eastern South America• Numerous oil-supply vessels servicing the local oil and gas
industry
Energy Cost• Lowest energy costs in the region – $0.30/Kwh
Labour Market• 16 major local institutions producing graduate welders • Two local schools training new commercial divers • Nine local dive companies
Experience• Success by the CL Marine Limited is an indicator of a small part of
the market that can be captured.• Currently facilitating investment interest in large dry-docking
facilities
Leisure MarineGeographical Advantages
• Below the Hurricane Belt
• Insurable sea space during the hurricane season
• Low wind speeds
• Large amount of protected coves and inlets
Existing Infrastructure
• 13 marinas within close distance
• Full range of service and repair facilities
• Dry-docks & travel lifts in many marinas
Experience
• The largest leisure boat service and repair cluster in the Southern Caribbean
• High level of quality and experience in boat service and repair
Leisure Marine
The Chaguaramas Cluster
More reasons to invest!
No foreign exchange controls Exemption from duties on capital goods 100% foreign ownership of locally-registered private
companies Full repatriation of profits Land ownership capability Double taxation treaties with Canada, Caricom,
China, Denmark, France, Germany, India, Italy, Luxembourg, Norway, Sweden, Switzerland, United Kingdom, United States of America and Venezuela
Contact us!Sekou AlleyneManager, Investor [email protected]
Nicholas DopwellSourcing Officer – Maritime [email protected]
Hotline: (868) 638-0038