Business View Caribbean - June 2025

Recent regulations may offer potential relief, Hamilton suggests. “We are governed by the local customs act, which is being reviewed and revised. A new customs act was recently tabled in parliament.” “Hopefully that will assist in modernizing our industry.” Government initiatives like the Global Logistics Hub Initiative aim to transform Jamaica into a logistics powerhouse. Hamilton and Johnston are also keeping their eye on other shipping and logistic trends. “Amazon is coming into Jamaica or is in Jamaica— we’re not sure at what level,” Hamilton reveals.“Most players in the shipping industry are somewhat cautious about the entry of that giant into our small market.” E-commerce giants reshape logistics globally, with online sales reaching $6.3 trillion in 2024, fundamentally altering traditional shipping models. Looking ahead, Jamaica Freight is firmly focused 25 BUSINESS VIEW CARIBBEAN VOLUME 12, ISSUE 06 JAMAICA FREIGHT & SHIPPING COMPANY LIMITED

RkJQdWJsaXNoZXIy MTI5MjAx