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BAHAMAS: Global Holding PLC Wins Port Development Bid

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#Nassau, February 25, 2019 – Bahamas – Global Ports Holding (GPH), a leading international player in the cruise tourism industry and the world’s largest independent cruise port operator, is pleased to announce that it has been selected as the winning bidder for the redevelopment and operation of Prince George Wharf, the main cruise port in Nassau, Bahamas.

“This project marks the beginning of a new Bahamian success story,” said Mehmet Kutman, Chairman of Global Ports Holding. “The Government of the Bahamas is opening doors to create the kinds of opportunities that will make life better for all Bahamians. As the successful bidder for the cruise port project, we are extremely pleased and honored to have been selected as the Government’s partners in this transformational process.”

Mr. Kutman continued, “For us, this project isn’t just about developing a clean, efficient, modern port – it’s about doing what’s right by the Bahamian people. Global Ports Holding would never have become the world’s leading independent cruise port operator if we didn’t fully commit our talent, time, and resources to the people who live and work in the places we serve. In many of those countries, the struggles of the people are the same. They all want to live better. They all want financial security. They all want their children’s futures to be bright and secure. Bahamians want the same things. By working together through this transformative project, we can create the kind of positive change that Bahamians want to see and feel. It’s up to us to make it happen.”

“We have a shared mission – to turn the port and downtown Nassau into a popular, world-class waterfront destination for visitors and Bahamians to enjoy,” he added. “We know that the cruise industry is flourishing. Bahamians must be a part of it – not just sitting on the sidelines watching others benefit. We want every Bahamian who is willing and able to participate in this process to get involved. This will be a critical component of our mutual success.”

Mr. Kutman concluded his remarks by reaffirming that “The Government of the Bahamas is not selling the port to Global Ports Holding or to Nassau Cruise Port Ltd., the management company that we have established to operate the port. The cruise port belongs to the people of the Bahamas.  That will not change as a part of any agreement we sign. What we aim to do, as a proud partner and steward, is to help Bahamians maximize this opportunity to celebrate the best of their incredible country while empowering themselves. It’s been a long time coming, but now is the time.”

The project start date is subject to customary negotiations with the Government of the Bahamas and regulatory approvals before an agreement is signed, which is expected to take 60 – 120 days.

The $250 million winning proposal submitted by Global Ports Holding includes plans to transform Prince George Wharf into a state-of-the-art port and waterfront destination managed by Nassau Cruise Port Ltd. (NCP), a specialty purpose vehicle created for the project. Under the proposed ownership structure of NCP, Global Ports Holding will own 49 percent of the company, while another 49 percent will be owned by the Bahamas Investment Fund (BIF). BIF will be created to serve as an investment vehicle which will allow tens of thousands of Bahamians to become shareholders in the project. The final two percent will be used to establish the YES Foundation, a charitable fund that will support youth, education and sports programs. The plan also includes the development of a world-class entertainment venue, the formation of partnerships with local stakeholders and various forms of support to improve the state of the downtown core.

Pride of Nassau – This rendering of a revamped Prince George Wharf was shared in the cruise port redevelopment proposal submitted to the Government of the Bahamas by Global Ports Holding late last year. The design features a completely transformed port and welcome center, additional mega-berths to accommodate some of the largest cruise ships in the world, and a state-of-the-art entertainment pavilion to host local and international acts.

Photo Caption:L-R – Permanent Secretary – Charles Albury; Minister of Tourism and Aviation – the Hon. Dionisio D’Aguilar; Chairman of Global Ports Holding – Mehmut Kutman; President & Founder, CFAL- Anthony Ferguson

About Global Ports Holding

Global Ports Holding (LSE: GPH), is the world’s largest cruise port operator with an established presence in the Mediterranean, Atlantic, and Asia-Pacific regions, including 16 cruise ports and 2 commercial ports in 10 countries. GPH serves over 9 million passengers at its cruise ports and handles over 300,000 TEUs and about 5 million tons of total cargo at its commercial ports.

Press Release: Ministry of Tourism

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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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