The Port Authority of Jamaica last night confirmed that Danish firm A P Moller's management contract for the Kingston Container Terminal (KCT) will expire without renewal next February, clearing the way for the state agency to finally privatise the KCT.
Without giving a timeline for the privatisation, the Port Authority said the decision was taken because privatisation offered more opportunities to raise capital for further expansion, and not because it was dissatisfied with the performance of APM ...... Read more on The Jamaica Observer
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