The Port of Point Lisas is often described as the ‘Gateway to the Americas’, thanks to our strategic location on the doorstep of both North and South America. The Point Lisas Industrial Estate is home to more than 100 national and international companies operating in the petro-chemicals, chemicals, oil & gas, power generation and allied sectors. They are there because of the vast resources of natural gas within easy reach of our shores. Geography has always been our strongest supporter. But at the Point Lisas Industrial Port Development Corporation Limited (PLIPDECO), we take none of this for granted. Cargoes can go up and down; companies open, close or choose to relocate. We understand that in operating a Port and an Industrial Estate, we are to an extent in the ‘fallout business’.
The challenges faced by Trinidad and Tobago due to the declining economy and lower oil prices globally are also challenges faced by PLIPDECO. Any reduction in cargo volumes and in demand for goods and services inevitably is reflected in our bottom line. The closure of the ArcelorMittal Plant and the closure of Petrotrin’s refinery both have their impact.
But we remain optimistic and we must, and will, continue to plan and invest for the future. Our commitment to efficient, cost-effective, flexible and quality services will not waver.