Photo: Guyana PIS.
– Advertisement –
Guyana wants to turn itself into a regional maritime hub, linking global trade and shipping routes.
Speaking at World Maritime Day 2025, Public Utilities and Aviation Minister Deodat Indar said the maritime sector has become “the most important generator of wealth in Guyana,” thanks to the oil and gas boom and growing shipping traffic.
Guyana now has four floating production storage and offloading vessels, five drill ships, around 70 ocean-going vessels, and major supply ships in operation. This surge comes after the country’s economy expanded by 43.4 per cent in 2024, with another 10 per cent growth forecast for 2025.
Plans are moving ahead for a deepwater port in Berbice, supported by new roads and bridges to Brazil. Indar said this will allow larger Panamax and post-Panamax ships to dock, cutting import costs and lowering prices for consumers.
The government is also reforming maritime laws and creating an independent port authority to ensure transparency, accountability, and efficiency. Globally, the maritime industry is projected to top $4.2 trillion by 2031.
Indar praised seafarers, captains, port workers, and oil and gas professionals for their role in strengthening Guyana’s maritime economy.
Source: Guyana PIS.
– Advertisement –
