September 20, 2017 | Peter Agra
When the Panama Canal doubled its capacity in 2016, the port in nearby Kingston, Jamaica, took advantage of its position on Caribbean shipping routes. Despite a struggling economy on the island nation, the Kingston Freeport Terminal Ltd. (KFTL) embarked on an investment program to expand capacity to 3.2 million 20-foot equivalent units (TEUs) per year, from 2.8 million TEUs per year, within the first six years of its 30-year concession.