Inside Trinidad and Tobago’s Maritime Services
Trinidad and Tobago’s robust maritime infrastructure, strategic geographic location, specialised value chain and ecosystem offer the right environment for your commercial maritime operations or leisure marine activities.
There are several key benefits to investing in Trinidad and Tobago. The country’s natural and safe harbour makes it an ideal location for the storage of ships. This could be particularly useful to oil and gas services companies during periods of a business slowdown. The country seeks to expand the lay-up activities in Trinidad and Tobago as per the government legal, institutional and administrative framework.
The calm waters of the Gulf is a prime location for organisations that seek to transship raw materials from South American countries such as Brazil, Venezuela and Guyana to European and Asian markets. The Port Offshore transshipment facility transfers ore and bulk cargo to North America and China. There are a number of ship repair facilities located in Trinidad, including one dry dock facility with a lifting capacity of 23,000 metric tonnes and an overall length of 230 meters.
Offshore Ship Transshipment Port
Trinidad and Tobago is regarded as one of the world’s biggest destinations for ship storage and lay-ups as a result of naturally sheltered and deep harbour, hurricane safety record and developed infrastructure and support mechanisms. There are opportunities in transshipment for companies that are engaged in the commodities industry in South America and are experiencing considerable issues getting ores and other minerals to destination markets.
The set up of a ship to ship transfer operation within the Gulf of Paria, Trinidad and Tobago and Ship Lay-Ups for vessels temporarily idle as a result of a lack of cargo. The opportunities in ship layups include cold lay-up, which is suitable for vessels up to five years out of service and warm lay-up, which is suitable for vessels up to twelve months out of service. This is primarily due to insufficient and ageing port infrastructure and fluctuating river drafts that make it almost impossible to load large vessels in other locations.
Canoo Awards Manufacturing Contract to VDL Nedcar
Canoo, a trailblazing company in the electric vehicle (EVs) manufacturing industry, has officially announced owned and contract manufacturing plans that will ensure the company manages to deliver on its promise to consumers of production and delivery of vehicles in Q4, 2022.
During the company’s first Investor Relations Day, Chairman & CEO of Canoo, Tony Aquila, named VDL Nedcar as its contract manufacturing partner. VDL Nedcar, which I’m sure many of you will already have heard of, is the only independent Vehicle Contract Manufacturer in the Netherlands and has enjoyed fifty years of growth under owners, including Mitsubishi Motors and Volvo cars. According to the report, Nedcar will manufacture the Lifestyle Vehicle for the United States and European Union markets, while Canoo builds a US-based mega micro-factory.
"We conducted an exhaustive search, invested significant amounts of time and resources that span the globe, in our search for our Phase 1 contract manufacturer. VDL Nedcar is the right partner," said Tony Aquila, Investor, Chairman and CEO of Canoo, Inc. "They are the top trusted European manufacturer building high-quality products for leading OEMs, and they significantly outcompeted the other contenders. VDL is also independently owned by the van der Leegte family of entrepreneurs - which aligns with our commitment to support businesses that form the backbone of communities. This strategic partnership will enable us to deliver vehicles to market while we build our Phase 2 factory in Oklahoma. It also strongly positions us for geographic expansion in Europe and builds a lasting relationship with VDL Groep of companies. Our investment will help us scale quickly and fulfil our mission to bring affordable, purpose-built EVs to Everyone."
Canoo and VDL have already gotten to work on vehicle manufacturability and production planning so that Canoo can successfully lay the groundwork for its upcoming US manufacturing operations expansion, which will be completed in Oklahoma in 2022. The Nedcar facility currently expected to produce around 1000 units for both the US and European markets in 2022, with an additional 15000 targeted for the following year.
"Canoo's bold approach to designing and building electric vehicles makes them an ideal partner as we work together to shape the future of mobility," said John van Soerland, CEO of VDL Nedcar. "This partnership advances our strategic vision to provide a contract manufacturing solution and expand our expertise in the EV arena."
Currently, Canoo is entering its GAMMA phase of development and is on track to start production soon. The company intends and expects to launch its Lifestyle Vehicle in Q4 2022, closely followed by the Multi-Purpose Delivery Vehicle and Pickup Truck.
Watch this space.