The global shipping industry is subject to the cyclical ups and downs as a result of the economic imbalances caused by demand and supply. During times of extreme negative imbalance, which is often reflected in a decline in the Baltic Dry Index (BDI). Shipowners may find it more economical to store their marine floating assets with minimal crew and operational activities onboard, until there is a market correction (upswing).
Our Gulf of Paria, located along the western coastline of Trinidad, is one of the largest sheltered deep-water harbours in the world. It offers the perfect hurricane-free anchorage as Trinidad is strategically located in the southern-most part of the Caribbean Sea and out of the active hurricane belt. Ships safely anchored in the Gulf of Paria are easily accessed from several ports situated on the western coastline, including those at Chaguaramas, Port of Spain, Point Lisas, Claxton Bay and La Brea.
Already, leading global maritime companies find this location ideal as it offers relatively deep waters to safely anchor large ocean-going ships, including advance Drill-ships and Offshore Supply Vessels (OSVs) as is the case with Transocean Limited(NYSE:RIG) Tidewater (NYSE:TDW) and SapuraKencana Petroleum. For your further reading, please refer to recent Bloomberg News article HERE.
The Maritime Services Division (MSD) which is a part of the Ministry of Works and Transport, GoRTT and headed by Director Mr. Ronald Alfred will liaise with leading local Maritime Consultants and other relevant State Agencies, including the Trinidad and Tobago Pilots' Association who will also assist in ensuring the entire process is straightforward and hassle-free.
Our S&R organization and our stakeholders can assist in several areas, including competitive logistics, ISPS Certified security services, travel arrangements for departing Officers/Crews, and Ground Transportation.
Read article published by the Energy Chamber of Trinidad and Tobago HERE.
chaguaramas, trinidad & tobago, west-indies.