Kingston Wharves Limited - To invest US$20Mn

Kingston Wharves Limited - To invest US$20Mn Kingston Wharves Limited continued to execute on its goal to expand its business, with the purview of becoming the leading full service port. In the latest move, KW has indicated that it will be investing US$2Mn to expand and augment its properties and assets in preparation of operating a free zone as part of the government’s logistic hub. This development comes only two months after KWL announced acquisition of the stevedoring business of Allied Trucking & Maritime Services Limited. KW expects to purchase and refurbish existing warehouses, construction of a new warehouse complex and purchase off additional cargo-handling equipment.