French shipping giant CMA CGM has opposed concerns by a spokesman who said that its 30-year concession with Kingston Container Terminal (KCT), Jamaica would result in Cuban authorities reporting to more than one concession owner, according to the Jamaican Observer.
PTI previously reported that an agreement was signed between CMA CGM and the Port Authority of Jamaica to operate KCT for 30 years, with the intention of creating the hub in preparation of the expanded Panama Canal.
Spokesman Mike Henry said: “My concern is now heightened by the recent signing of an agreement in Cuba by CMA CGM, with great fanfare and in the presence of French President Hollande and French Minister of Foreign Trade Matthias Felk, to develop the major Cuban port, as for me and others in the shipping industry it raises the question: How can you serve two masters?”
CMA CGM responded with a statement, which said: “The platform includes two warehouses and a cold store dedicated to the local Cuban market. The objective of the facility is only to better serve the Cuban domestic market, including warehousing/storage and distribution within the island.”
CMA CGM’s other projects include the investment in an African terminal in Lobito, Angolia, which is due to be operational in 2015.
It has also recently announced the inauguration of a new logistics platform in West Africa – the Cameroon Container Terminal, which aims to offer a range of logistics services to customers.