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{
    "id": 1130080,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1130080/?format=api",
    "text_counter": 107,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Hon. Members, because of the sheer depth and breadth of this Port, it has the potential to re-organise the world’s shipping network by becoming a trans-shipment hub in Africa. Trans-shipment hubs are ports that allow large vessels that are unable to access destined ports of call due to their size. There are only five trans-shipment hubs globally, and the Port of Lamu has the potential to become the sixth. If we remain focused on our development agenda, this will become a reality sooner than later. There is another strategic niche in the Port of Lamu that is futuristic. This Port is placed right in the middle of the manufacturing hub of the Asian Continent in the East, and the heart of consumption in the West. The distance between Shanghai, the manufacturing hub in the East, and Rotterdam, a consumption port in the West, is approximately 12,000 nautical miles. However, the distance between Rotterdam and Lamu is only 6,000 nautical miles. If we were to make the coastal region an outsourced manufacturing hub for western products, the Port of Lamu has the potential to cut the price of those products by half. This would, therefore, be based purely on shipping costs because the Port of Lamu is half the distance to the West compared to the Port of Shanghai. If we are to see the Port of Lamu through this futuristic lens, we will exploit our geographical advantages to make an imprint on global trade. Another Big Push Investment we have made in support of regional trade through our ports is the expansion of the Kipevu Oil Refinery and Oil Terminal. For 128 years, Kenya has served the five countries of the region using only one oil berth at the Kipevu Oil terminal. This single oil berth could only handle one vessel at a time. And for the most part, it took one vessel days to offload its fuel. This meant that the other vessels in the queue to offload had to be paid waiting demurrage charges and penalties, by oil marketers. The resultant cost of those inefficiencies is borne by the Kenyan consumer, which, overall, makes our economy uncompetitive. This year alone, an average of Khs1 billion was lost in the first four months in demurrages at the Old Kipevu Oil Terminal. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}