Published On: Fri, Sep 11th, 2015

Curaçao settles claim Cubans against CDM

Curacao Dry DockWILLEMSTAD – The claim of 120 million dollars, which Curaçao must pay to the three Cubans is now off the table. The three Cubans got that money allocated by the US courts because they were held as slaves to work in the Curacao Dry Dock (CDM).

The government has settled the case now for a considerably lower amount. How much is not disclosed because of a Non-Disclosure Agreement.

Curaçao did not initially comply, but then came back when the USA started to seize ships that were customers of the Dry Dock.

The settlement has now paved the way for the company to accept all kinds of international clients, in particular from the US market. They may also search for a strategic partner.

This has hindered Dock’s development for a long time, but now at last the company can look at a bright future. Dock can also be developed into a maritime center in the Caribbean. The maritime sector is one of the economic pillars of the island, which in the years before the claim generated a lot of foreign exchange. It was seen as the sector with the most growth, and that created more jobs than any other sector.

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