Express Business Filler #1

The yacht services sector says it continues to be ignored even though the country’s borders have been opened.

“Since the official reopening of borders on July 17 the sea borders remain effectively closed,” the Yacht Services Association of Trinidad and Tobago (YSATT) complained in a statement yesterday.

It recalled that after months of consultation with stakeholders such as the Coast Guard, Customs and Immigration, an arrival procedure was devised.

“All this planning, however, has seemingly been for naught as the TTravel Pass that was announced mere days before border reopening does not even include sea ports,” YSATT said.

The association believes that the impression given by various Government ministers at their weekly news conferences is that the “sea ports and the marine services sector is merely an afterthought”.

“The ministers in charge of the TTravel Pass have only begun to address the insufficiencies of their touted travel solution days after the borders have reopened,” it stated. “Never mind the fact that we are an island with many more ports of entry than simply Piarco International Airport, we have an entire sector that has been anxiously awaiting this reopening.

“The reality is the vessels that have been turning up at our shores are still being refused entry.”

YSATT reiterated its argument that the reason for this was that the TTravel Pass is required by Immigration but doesn’t cater for sea port arrivals.

RECOMMENDED FOR YOU

IT IS more that 12 years since Lawrence Duprey, former chairman of CL Financial (CLF), went cap in hand to the Government for a bailout for the Group’s then insurance company, CLICO.

From publicly available figures, the Sunday Express has tabulated the cost to taxpayers at $611.3 million and counting.

MEMBERS of the retail sector are making an “urgent and desperate” plea to the Government for all malls and retail outlets to be reopened by the end of July as vaccination availability continues to expand.

Shell Trinidad and Tobago yesterday announced the start of natural gas production from its Block 5C, off the east coast of Trinidad, which it expects to peak at about 220 million standard cubic feet per day (mmscf/d).

Shell’s announcement of first gas from Block 5C, known as the Project Barracuda, comes amid heightened interest in the fate of Atlantic LNG’s Train 1, following reports that the first LNG facility in T&T, commissioned in 1999, will be mothballed “in the coming weeks and could stay out of service for at least two years”.

THE cost of steel products used in construction has increased by an estimated 40 per cent in some hardware stores as result of higher freight prices coupled with a global shortage of steel.

ROCK HARD Cement Ltd has failed in its judicial review claim against Government’s decision to impose a quota and a 50 per cent increase in the import duties of cement.