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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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Where to Draw the Line? TCI and Bahamas Advance Maritime Boundary Talks

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June 16, 2026 – Thirty-four years after formal negotiations began, Turks and Caicos Islands and The Bahamas are still working to define an agreed maritime boundary between the neighbouring archipelagos, a revelation emerging from a recent Turks and Caicos Cabinet summary which has brought renewed attention to a largely overlooked diplomatic and security issue.

A May 2026 Turks and Caicos Cabinet update suggests the long-running negotiations are continuing to advance.  In August 2023, Bahamas Foreign Affairs Minister Fred Mitchell said efforts to draw an exact maritime boundary had been slowed by the challenge of gathering the mapping and locational data required for the exercise.  The United Kingdom, which represents Turks and Caicos in the negotiations, has offered few details beyond confirming that both sides remain committed to maritime boundary delimitation talks.

The negotiations are not centred on a territorial dispute but rather on establishing a legally recognized maritime boundary under international law.  Such agreements help determine jurisdiction over fisheries, maritime resources, law enforcement activities, environmental protection and migration control in the waters between neighbouring countries.

While the discussions focus on the boundary between The Bahamas and Turks and Caicos, the exercise is part of a wider maritime delimitation effort — the process of formally marking and agreeing upon where one country’s waters end and another’s begin.  In comments to The Tribune in August 2023, Mitchell referenced similar boundary considerations involving the United States and Haiti, underscoring the broader regional importance of defining maritime jurisdictions in accordance with international law.

According to public statements from The Bahamas, formal negotiations between the two sides began in 1992 and were followed by technical discussions in 1996.  After years of little public activity, talks resumed in 2023 and have continued through a series of engagements involving legal, maritime, security and geographic information specialists.

The importance of maritime boundaries was underscored by former Bahamas Foreign Affairs Minister Brent Symonette during maritime boundary discussions between The Bahamas and the United States in 2009.  At the time, Symonette described clearly defined maritime borders as essential to national sovereignty, law enforcement, fisheries management, environmental protection and efforts to combat illegal migration.  He also argued that agreed boundaries provide legal certainty and strengthen cooperation between neighbouring countries.

The United Kingdom, which represents Turks and Caicos in the negotiations, has offered few public details beyond confirming its commitment to the process.  However, officials from the Foreign, Commonwealth and Development Office participated alongside TCI representatives during talks held in Nassau in August 2023.  The Turks and Caicos delegation included then Permanent Secretary Wesley Clerveaux, whose responsibilities included Marine Affairs.

At this stage, the TCI Cabinet has only publicly identified the area under discussion as being south of “Point 1.”  Information released by The Bahamas following a 2023 meeting indicates the negotiations concern waters between the southeastern Bahamas and the Turks and Caicos Islands.  While no map has been made public, the available information places the discussions south of Bahamian islands including Mayaguana and Great Inagua.  Exactly where the proposed boundary would meet the Turks and Caicos archipelago remains unclear from public records.

The latest Cabinet update offers no indication of when the negotiations may conclude.  However, after more than three decades of intermittent discussions, recent references by both governments suggest efforts to finally draw the line between the two jurisdictions are continuing.

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CDB Leadership Passes to Belize as Region Eyes New Financing Partnerships  

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By Deandrea Hamilton

 

The Bahamas, June 9, 2026 – The Caribbean Development Bank’s annual gathering may have concluded in The Bahamas, but attention is already turning to Belize as leadership of the institution’s Board of Governors officially changed hands.

At the close of the 56th Annual Meeting in Nassau, outgoing Chairman and CDB Governor for The Bahamas, Michael Halkitis, formally transferred the chairmanship to Belize’s Dr. Hon. Osmond Martinez, continuing the Bank’s tradition of rotating leadership among its regional shareholders.

The handover capped a week of discussions focused on financing development in an increasingly uncertain global environment and strengthening the Caribbean’s ability to withstand economic and climate-related shocks.

One of the meeting’s most closely watched conversations centered on how multilateral development banks can better support vulnerable Small Island Developing States.

During the President’s Chat, titled Financing the Future: MDB Strategies for Uncertain Times, CDB President Daniel Best joined leaders from the OPEC Fund, the Central American Bank for Economic Integration and the Fund for Responding to Loss and Damage to discuss expanding development finance and building resilience.

OPEC Fund President Dr. Abdulhamid Alkhalifa emphasized that development institutions must move beyond responding to crises and instead help countries prepare for them.

“The real test is whether we can help countries move from strategy to implementation, and from implementation to results,” Alkhalifa said.

The discussions reflected a growing regional push for innovative financing solutions as Caribbean nations continue to confront climate vulnerability, infrastructure demands and economic uncertainty.

Beyond discussions on financing and resilience, the Annual Meeting also featured youth engagement activities, including the Youth FIRE Forum, where young Caribbean leaders participated in conversations about innovation, entrepreneurship, leadership and the future of regional development. Senior government officials, development professionals and youth delegates exchanged ideas on the challenges and opportunities facing the next generation, reinforcing a recurring message throughout the conference: that investments made today must ultimately improve opportunities for Caribbean youth tomorrow.

That theme was echoed by Bahamas Prime Minister Philip Davis, who used the opening ceremony to challenge regional leaders to invest in future generations.

“We must invest in the one asset that no agency can ever downgrade, and that no storm can ever wash away: the mind of a Caribbean child,” Davis told delegates.

With Belize now assuming the chairmanship, regional leaders say the focus remains on transforming ideas discussed in Nassau into tangible results for Caribbean people.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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New GPS Evidence Prompts Fresh Search for Missing American Woman in Abaco

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ABACO, BAHAMAS — Nearly two months after American sailor Lynette Hooker vanished in waters off Abaco, investigators are preparing to conduct a new search based on GPS and navigation data that reportedly challenges the account originally provided by her husband.

The case, which first drew international attention in early April, began when Brian Hooker told authorities that his wife was swept away after falling from an inflatable dinghy during rough conditions in waters near Elbow Cay.

Initial search efforts involving Bahamian and U.S. authorities covered extensive areas of the Sea of Abaco but failed to locate the missing Michigan woman.

Now, according to multiple U.S. media reports, investigators have obtained electronic navigation and GPS data that appears to place the couple’s dinghy in a different location from where searchers initially concentrated their efforts.

The new information has prompted authorities to reopen search operations and seek permission for divers to examine a more targeted area of the Sea of Abaco.

Unlike the broad search that followed Hooker’s disappearance, the renewed effort is expected to focus on a relatively shallow section of water, reportedly about 25 feet deep. Investigators believe the location may offer a better opportunity to recover evidence and potentially answer lingering questions surrounding the disappearance.

The latest development marks a significant shift in the investigation.

What began as a maritime search-and-rescue operation has evolved into a complex multinational investigation involving Bahamian authorities, the United States Coast Guard and the Federal Bureau of Investigation.

Brian Hooker was detained and questioned by Bahamian authorities following his wife’s disappearance but was later released without charges. While investigators have never publicly accused him of a crime, reports indicate he remains a person of interest as authorities continue to examine the circumstances surrounding the case.

Hooker has repeatedly denied any wrongdoing and has maintained that his wife accidentally fell overboard.

The investigation has intensified in recent weeks. U.S. authorities have reportedly seized the couple’s sailboat, Soulmate, transporting the vessel to Florida for forensic examination. Investigators are said to be reviewing onboard electronics, digital records and other potential evidence as part of the ongoing inquiry.

The case has also attracted attention from Lynette Hooker’s family, who have continued to press for answers and support efforts to locate her.

The renewed search comes after Brian Hooker returned to the United States following the disappearance. Reports indicate he cited family reasons, including concerns about his mother’s health, for leaving The Bahamas.

For investigators, however, the focus now appears fixed on the newly identified search area and the electronic evidence that led them there.

Whether the latest operation produces answers remains to be seen. But nearly eight weeks after Lynette Hooker disappeared in the waters of Abaco, authorities believe new technology and new information may finally provide a clearer picture of what happened that night.

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