PSG Reminds Port Users about Compliance Requirements to Conduct Business at Dr. A.C. Wathey Cruise & Cargo Facilities.
PORT ST. MAARTEN – Port St. Maarten Group (PSG) management has announced that it has adopted regulations that require all entities and persons that do business at the Dr. A.C. Wathey Cruise & Cargo Facilities to disclose and submit information on its ultimate beneficial owners.
PSG’s Chief Executive Officer Alexander Gumbs explained that the Port facilities fall under the scope of the International Ship and Port Facility Code (ISPS Code) as set by the International Maritime Organization (IMO). The measures under the ISPS Code were developed following the tragic events of September 11, 2001, for the security of ships and port facilities.
“The Dr. A.C. Wathey Cruise & Cargo Facilities are of vital importance to the local economy and good governance is a core principle of doing business with our local and international partners and customers,” Gumbs said.
“The past few years PSG has been plagued by several investigations and much effort and energy has been put in closing these chapters while we build on our relationships with internal and external stakeholders.?
“In our continued effort to safeguard and enhance the safety and security situation at the Port facilities and to play our part in the global combat against money-laundering and the financing of terrorism, PSG has implemented several measures that promote good governance, both from ourselves as from our partners and customers,” CEO Gumbs pointed out.
Gumbs commented that other measures that PSG has implemented are aimed at compliance by Port users on the payment of their taxes and social premiums, payment of business license- and director’s license fees and to combat bribery and corruption in general at all levels.
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PHOTO CUTLINE: Port St. Maarten at sunset.?
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About the Port St. Maarten Group
The Port St. Maarten Group comprises of 13 companies responsible for most of the country’s maritime activities.??The operations at Port St. Maarten Group can be summarized into four pillars of Cruise, Cargo, Yachting and Real Estate.??The Dr. A.C. Wathey Cruise & Cargo Facilities catered to over 2 million cruise passengers in 2014, and has since 2010 been receiving more than 1.5 million annually.?The cargo facilities have led to a steady growth in containerized business making the island a hub for the North-Eastern Caribbean where it concerns transshipment services.?The port caters to the Giga yachts and vessels providing berthing and fueling services to this sector.??The Port St. Maarten Group also owns and manages a wide range of commercial real estate across the country.??
Port St. Maarten is a modern, well equipped and secure?port facility?that is operated and managed by a dedicated professional staff.?Visit our website for further information?www.portstmaarten.com?or call +1 721 542-8503 or 8504, email: [email protected]?