The Port Transformation in Guyana: A Vision for the Future

Over the past decade, Guyana has emerged as a global energy powerhouse, driven by the oil boom that has significantly reshaped the country’s international trade landscape. With the economy expanding by an impressive 44 percent last year, it is evident that the growing trade activities are placing a strain on Guyana’s aging port infrastructure.

At a recent event organized by the Shipping Association of Guyana, President Irfaan Ali highlighted the wide-ranging port reforms that his government is actively pursuing to address this challenge.

Legislative Reform for Port Sector

A pivotal aspect of the transformation agenda is the introduction of a new Port Act, currently in the drafting process. This legislation aims to streamline the maritime sector in Guyana, ensuring competitiveness, reliability, and future-readiness.

President Ali emphasized, “We want our ports to be modern and efficient. The new Port Act will govern development, regulation, and oversight of port operations, promoting safety, efficiency, and transparency in the maritime sector.”

Establishment of an Independent Port Authority

Recognizing the need for centralized port management, Guyana’s government is moving towards establishing an independent Port Authority. This entity will be responsible for managing ports across the country, a role currently held by the Ports and Harbors Division within the Maritime Administration Department (MARAD). The shift towards a Port Authority model aims to enhance operational efficiency and position Guyana as a key regional logistics hub.

Infrastructure Development Projects

One of the key projects underway is the development of a deep-water port in Berbice, with preparations for the $285 million venture initiated in 2020. President Ali confirmed the government’s collaboration with international engineering firm Bechtel to finalize the project planning earlier this year.

Moreover, significant investments have been made to clear shipwrecks from the Demerara Harbor, a crucial entry point into Georgetown port. The ongoing work includes deepening the harbor to accommodate larger modern vessels, bolstering Guyana’s maritime capabilities.

Enhancing Operational Efficiency

In a bid to enhance operational efficiency in Guyanese ports, MARAD recently commissioned a new $3 million tugboat, the second vessel of its kind acquired in the last two years. The tugboat, named Arau and built by Damen Shipyards, boasts impressive towing and maneuvering capabilities, catering to ships between 10,000-20,000 GT. This expansion of the tugboat fleet underscores the commitment to improving port operations in Guyana.