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Move cargo port to tap yacht market, says maritime expert

A maritime industry expert told Cayman 27 investing in marinas and yacht infrastructure could help the country harness an untapped market for growth.

Karen Kokabi, founder or OreCoal and here for Cayman Maritime Week, suggests Cayman could make George Town Harbour more friendly and accessible to yachts and mega-yachts by moving the existing cargo facilities to an entirely different location.

He said the economic opportunities that could stem from a world-class yachting marina in George Town are practically limitless.

“Something which also definitely needs to happen here on island is for more dredging to happen for larger yachts and super yachts to come to the Cayman Islands. That’s a completely untapped market too. They can’t come here because they have nowhere to park their yachts,” said Mr. Kokabi.

Mr. Kokabi also told Cayman 27 a cruise berthing facility would be beneficial to lure more passengers off the ships and onto the island.

About the author

Joe Avary

Joe Avary

Joe Avary has been with Cayman 27 since 2014. He brings 20 years in television experience to the job, working hard every day to bring the people of Cayman stories that inform the public and make a difference in the community. Joe hopes his love for the Cayman Islands shines through in his informative and entertaining weather reports. If you have a story idea for Joe or just want to say hello, call him at 324-2141 or send an email to josephavary@hurleysmedia.ky

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