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Eco-Oil Bahamas to start business in Freeport with $10 million investment

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#GrandBahama, June 18, 2018 – Bahamas – Minister of State for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson says that Eco-Oil joins the growing list of foreign and local direct investors showing confidence in Grand Bahama’s local economy, with its initial investment of $10 million during construction and operation phases.

Minister Thompson’s remarks came during the official launch and ground breaking ceremony for Eco-Oil Bahamas, on Thursday, June 14, 2018 at the site of the company’s proposed office space just off J. Levarity Highway.  In his remarks, Minister Thompson noted that Eco-Oil’s investment provides environmental, health and safety support to Grand Bahama’s expanding maritime industry.

“We must also find ways to expand the support businesses for the maritime industry and our industrial [sector] as well, and increase Bahamian involvement,” said Minister Thompson.  “So, I am pleased to hear about the plans to train Bahamians to work on their land facilities and on their vessels.

“In keeping with our commitment to bring about economic revitalization and to create employment opportunities, the Office of the Prime Minister in Grand Bahama is pleased to welcome Eco-Oil to Grand Bahama.”

Eco-Oil Bahamas is a joint venture of two companies – Queen’s Way Navigation and Eco Oil Portugal, which have joined forces to bring MARPOL Services to Freeport and to The Bahamas.  MARPOL is the main international convention, covering prevention of pollution of the marine environment coming from ships, either from operational or accidental causes.

Mr. Francisco Quintela, of Eco-Oil Portugal, said that together Eco-Oil Portugal and Queensway, from Greece, created Eco-Oil Bahamas in order to expand their activities and offer their combined services in Freeport by jointly developing a project that represents an eight to ten-million-dollar investment split between a shore facility and a ship to collect the oily waste from other ships calling at the port of Freeport.

He noted that the collection ship can, and will be involved in the transportation of the regenerated oil and other oil related products in The Bahamas.

“Eco-Oil Bahamas will benefit from the mother companies’ experience, each in their sector, so that the best practices will be identified and followed in all steps of the operations,” said Mr. Quintela.  “These will include the collection and cleaning of the dirty water, the discharging of the treated water back to the environment and throughout the industrial process, the recycling of the collected waste oil and the production of a reusable type of oil.

“From the processing of the above wastes, several thousand barrels of reusable oil will be regenerated.  This could be an additional benefit for the local economy, since the regenerated oil can be offered to the local inland industry at a reduced price, assisting in the controlling of cost of all energy consuming activities.”

The facility is designed to treat 60,000 tons of oily waste per year, which is equivalent to 500,000 barrels.

In regards to employment, Mr. Quintela said that Eco-Oil Bahamas will contract some 15 highly trained employees to manage a fully automatic facility within a high tech professional environment.  All employees will receive detailed training from Eco-Oil’s experienced staff, who will be positioned in Freeport to commission the facility.

In addition to the employees working in the facility, there will also be the opportunity for employment on the vessel, which will be involved in the operations. An additional 15 to 18 crew members will be needed.

With the possibility of a number of Bahamians being hired to work in this practically new field in Grand Bahama, Minister Thompson suggested that the executives at Eco-Oil Bahamas meet with the executives of Bahamas Technical and Vocational Institute (BTVI) in an effort to create a partnership between the two entities to ensure that more Bahamians are fully trained to take advantage of the anticipated job opportunities that will come on stream in the future through Eco-Oil Bahamas.

Minister Thompson said that the Office of the Prime Minister continues to put in the work necessary to do its part in ensuring more investors consider Freeport as a place to set up shop – both foreign and local investors.

“With the launch of our Grand Bahama Investment Unit, we are seeking to increase the ease of doing business here in Grand Bahama. So companies like Eco-Oil and others coming to our shores, will benefit from the work of this Unit,” said Minister Thompson.

“I look forward to a great partnership between Eco-Oil Bahamas and the Government of The Bahamas in this new venture,” said Minister Thompson. “I offer congratulations on this milestone and we welcome you to The Bahamas, in general, and to Grand Bahama in particular.”

 

By: Andrew Coakley (BIS)

Photo Captions:

Header: Mr. Ian Rolle, president of the Grand Bahama Port Authority (center), along with executives of Eco-Oil Bahamas participate in the official ground breaking ceremony for the site of Eco-Oil offices and facility, following a launch ceremony on Thursday, June 14, 2018.

Insert: Minister of State for Grand Bahama, in the Office of the Prime Minister, Senator Kwasi Thompson was the keynote speaker during the official launch ceremony for Eco-Oil Bahamas, on Thursday, June 14, 2018, in the Oleander Room at Freeport Harbor.  Both the ceremony and the groundbreaking were set to take place at the office site on J. Levarity Highway, but with the threat of rain in the forecast, the official launch was held at the Harbour, with the ground-breaking taking place following at the site.  Minister Thompson welcomed Eco-Oil to Freeport and is looking forward not just to the investment the company brings to the island, but the opportunity for Bahamians to be trained in a new career field.

(BIS Photo/Lisa Davis)

 

 

 

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Caught in the Net, Not Accused of Wrongdoing

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What the Attorney General must do now to protect Bahamian exports

Deandrea Hamilton | Editor

NASSAU, Bahamas — The United States’ decision to impose a 12.5 percent tariff on Bahamian exports is about more than higher costs for seafood, rum and other goods entering the American market. It is a warning that The Bahamas must move quickly to strengthen or clarify its legal framework governing forced labour and supply-chain enforcement.

The tariff, which takes effect July 24, is part of a sweeping U.S. trade action affecting 60 economies following a review by the Office of the U.S. Trade Representative (USTR). The review concluded that the listed countries have not adequately prohibited or enforced measures against goods linked to forced labour in global supply chains.

The action follows a recent U.S. Supreme Court ruling that invalidated an earlier series of Trump-era tariffs imposed under emergency powers. In response, the Trump administration shifted to a different legal authority—Section 301 of the Trade Act of 1974—using findings from a U.S. Trade Representative investigation into forced-labour compliance to support a new round of tariffs affecting 60 economies, including The Bahamas.

Importantly, the action does not accuse Bahamian businesses of using forced labour. Instead, it reflects the U.S. view that The Bahamas’ legal or enforcement framework does not yet meet the standard Washington expects.

That distinction matters.

The Attorney General’s Office now has the responsibility to lead the country’s legal response. That begins with determining precisely what concerns the U.S. Trade Representative identified, reviewing whether Bahamian law adequately addresses those concerns and, where necessary, recommending legislative or regulatory changes. If deficiencies exist, legal amendments and stronger enforcement could help position The Bahamas for removal from the tariff list.

The government may also seek formal discussions with U.S. officials while those reforms are undertaken, outlining a clear timetable for compliance and demonstrating that the country is committed to meeting international labour standards.

A Nassau Guardian front-page report on July 24 drew attention to the tariff action, prompting broader questions about why The Bahamas was included among the 60 economies affected by the U.S. trade measure and what steps are now needed to restore full confidence in the country’s trade framework.

For many Bahamians, the immediate concern will be the fisheries sector, one of the country’s largest export industries. Commercial shipments of lobster, conch, fish, crawfish and other products entering the United States could become more expensive because of the additional tariff, potentially affecting exporters’ competitiveness.

The broader lesson is that international trade increasingly depends not only on quality products, but also on strong business relationships and confidence in the legal systems that govern them.

For The Bahamas, this is less a finding of wrongdoing than a reminder that international credibility is earned through modern laws, effective enforcement and trusted partnerships. The challenge now is for the Attorney General’s Office to lead a swift legal review, identify any deficiencies and chart a clear path toward compliance so Bahamian exporters are not burdened any longer than necessary.

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What 45 Shell Casings and New Murder Charges May Mean for Three Officers in the Azario Major Case  

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By Deandrea Hamilton | Editor

NASSAU, Bahamas (July 16, 2026) — The allegation is as shocking as it is consequential. Prosecutors now contend Azario Major was struck by additional gunfire after he was already dead.  That conclusion has prompted the Director of Public Prosecutions to upgrade the case against three police officers from manslaughter to murder ahead of a judge-only trial.

According to court filings and the DPP’s review of the forensic evidence, prosecutors allege that additional rounds entered Major’s body after death, a finding they say fundamentally changed their assessment of the case and justified the more serious charge of murder.

Investigators recovered 45 spent shell casings at the scene of the Boxing Day 2021 fatal shooting of Azario Major, a striking piece of forensic evidence that has remained central to the case from its earliest days.

Major, 31, was fatally shot by police outside Woody’s Bar on Fire Trail Road on December 26, 2021. While police initially maintained the shooting was justified, the circumstances surrounding the incident were heavily scrutinized during a Coroner’s Court inquest, where jurors ultimately returned a verdict of homicide by manslaughter.

The officers later challenged that finding, but the Supreme Court upheld the Coroner’s Court ruling, paving the way for criminal proceedings. They were subsequently arraigned on manslaughter charges and pleaded not guilty.

The DPP’s decision to elevate the charges to murder significantly raises the legal stakes. Unlike manslaughter, which does not necessarily require proof of an intent to kill, a murder conviction requires prosecutors to establish the legal elements of the more serious offence beyond a reasonable doubt. The prosecution’s case is now expected to focus heavily on forensic evidence, ballistic analysis and the sequence of gunfire during the fatal encounter.

The case is also notable because it will proceed without a jury. Barring further delays, the trial is expected to open on September 14 before Justice Guillimina Archer-Minns in a judge-alone trial, where a single judge—not a jury—will decide the fate of the three accused officers.

The proceedings will determine not only whether the three officers are guilty or innocent of murder, but whether prosecutors’ extraordinary allegation—that Azario Major was struck by additional gunfire after he was already dead—can be proven in court.

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CARICOM Targets Affordability as Bahamas, TCI Continue to Feel the Pinch  

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By Deandrea Hamilton

 

Cheaper shipping. Lower energy costs. Better access to healthcare. Stronger consumer protections.

Those are among the measures CARICOM Heads of Government believe could finally begin reducing the stubbornly high cost of living for millions of people across the Caribbean.

Meeting in Saint Lucia, regional leaders agreed that making life more affordable must become one of the Community’s highest priorities. Their emerging strategy includes reducing freight costs through a regional ferry service, accelerating renewable energy projects to lessen dependence on imported fuel, expanding regional healthcare partnerships, strengthening consumer protection, and encouraging governments to adopt successful cost-of-living measures already being implemented across the Caribbean.

“Our discussions over the past four days were guided by one central objective – ensuring that CARICOM delivers results that people can see and feel in their everyday lives,” CARICOM Chairman and Saint Lucia Prime Minister Philip J. Pierre said.

Few places may welcome that relief more than The Bahamas and the Turks and Caicos Islands.

Although inflation has moderated in both countries from the sharp increases experienced following the pandemic, the cost of living remains stubbornly high. Families continue to complain about grocery bills that stretch household budgets, rising housing costs, expensive electricity, healthcare expenses and fuel prices that remain among the highest in the region.

Governments have responded.

In The Bahamas, successive reductions in Value Added Tax on selected goods and other targeted tax measures have sought to ease pressure on consumers. In the Turks and Caicos Islands, the Government this weekend opens applications for its $500 Cost of Living Relief Programme, acknowledging that many households continue to struggle despite the country’s economic success.

Yet affordability remains elusive.

The contradiction is difficult to ignore.

The Turks and Caicos Islands continues to post one of the region’s strongest tourism-driven economies, with robust investment, record visitor spending and sustained construction activity. The Bahamas has also strengthened its economic position, earning improved sovereign credit ratings as tourism, government revenues and fiscal performance continue to recover.

Yet those encouraging economic indicators have not translated into noticeably lower household expenses.

The reason is largely structural.

Both The Bahamas and the Turks and Caicos Islands produce relatively little of what they consume. Food, fuel, medicines, vehicles, building materials and countless household essentials are imported. Both countries also record significant trade deficits, illustrating their dependence on overseas suppliers. Every increase in global shipping costs, fuel prices or supply chain disruptions is eventually reflected in supermarket prices, utility bills and the cost of everyday living.

That is why CARICOM’s agenda matters.

If regional leaders succeed in lowering freight costs through an inter-island ferry network, expanding renewable energy, improving regional cargo movement, strengthening consumer protections and making healthcare more accessible through cooperation, the benefits could extend far beyond government balance sheets.

For Bahamians and Turks and Caicos Islanders, success will not be measured by another tourism record or another credit rating upgrade. It will be measured at the supermarket checkout, on the monthly electricity bill, at the gas pump and in the simple ability to afford a better quality of life.

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