Kingston Wharves Makes First Deposit on Multi-Storey Car Park

  • Kingston Wharves Limited (KW) has made the first payment on its planned multi-level car park, pushing ahead with infrastructure upgrades as vehicle transshipment volumes continue to climb.
  • The new facility, which has been in the works for some time, comes on the back of record volumes in the company’s automotive segment, with more than 170,000 vehicles handled last year, a figure that’s expected to grow as Kingston Wharves opens new lanes, including incoming shipments from India.
  • The three-storey car park, which will come in at a price tag of US$15Mn, is just one piece of a broader investment programme now reshaping Kingston Wharves’ operations. The company recently wrapped up a US$30Mn redevelopment of Berth 7, which expanded the port’s capacity by 25% to handle one million TEUs[1] in container operations and brought a new warehouse online near the Tinson Pen corridor, an area now being eyed by the government for future logistics development.
  • At the same time, Kingston Wharves is preparing for what it calls its “next phase,” which includes acquiring businesses across the Caribbean and Central America to grow its logistics footprint and diversify revenue beyond shipping.
  • While Kingston remains at its core, the company is exploring additional warehousing options along the north coast and is continuing to roll out new digital tools to improve tracking, automation, and customer experience.
  • KWL’s stock price has decreased by 21.0% year-to-date, closing at $26.00 on June 11, 2025. At this price, the stock trades at a price-to-book (P/E) ratio of 13.8x, which is below the Main Market Energy, Industrials and Materials Sector’s average of 18.3x.

(Sources: Loop News and NCBCM Research)

[1] In shipping, a TEU (Twenty-foot Equivalent Unit) measures container capacity. By increasing TEU capacity, a company like Kingston Wharves can handle more cargo, attract more shipping lines, and boost trade activity through expanded terminal and logistics infrastructure.