Wednesday 21 November, 2018

Port Authority to sell four non-operational ferries

Four fast ferry water taxis moored at Chaguaramas are still to be sold.

The vessels, MV Su, HC Olivia, HC Katia and the HC Milancia are not in service, have never sailed, and have been moored for years.

Responding to a question in the Senate regarding the future of the four vessels, Works and Transport Minister Rohan Sinanan said advertisements for sale will go out following valuations by the Port Authority of Trinidad and Tobago (PATT).

Sinanan said Cabinet approval was given to Nidco to sell the vessel through an international broker since 2012.

That decision, however, was rescinded just two months later.

“Over the period March 2012 to June 2012, in accordance with the approval of Cabinet, July 2010 to February 2011 and June 2012, NIDCO through an international broker took the necessary steps to sell the vessel to parties approved by its Board of Commissioners.

However, in August 2012, Cabinet rescinded a decision that NIDCO sell the fleet of secondhand vessels and directed that the Ministry of Transport at that time enter into a contract with the Port Authority of Trinidad and Tobago to provide the service for another international shipping broker to value the vessels and sell them at a minimum price to be set on the basis of a valuation.”   

A valuation was carried out by the Maritime Services Division and in January 2013, power of attorney was given to the Port to sell or divest the vessels.

Since then, numerous attempts by the Port Authority to engage a broker to sell the vessels were unsuccessful, he said.

Sinanan said Nidco referred potential buyers to the Port over the period, however, the vessels were not sold and remained vested with the Port for sale.

He indicated that the Port Authority will make another attempt to sell them and will advertise them for sale. Valuations will be done prior to the placement of the advertisements.

Asked by Opposition Senator Wade Mark whether the vessels could be used as part of the fleet of the Water Taxi Service, Sinanan said the previous Government's decision to sell them was an indication that they should not be put into service. 

 

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