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Arawak Port Development Ltd. Celebrates 10 Years As Regional Shipping Leader

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#Nassau, April 11, 2019 – Bahamas – BISX-listed Arawak Port Development Ltd. (APD), which has been heralded as “an example The Bahamas should be proud of” by the Inter-American Investment Corporation, celebrated ten years as a pioneer in the commercial shipping industry in February.

The formation of APD in 2009, which owns and operates the Nassau Container Port (NCP) and Gladstone Freight Terminal, marked the establishment of the first commercial maritime public-private partnership (PPP) in The Bahamas and provided a blueprint for similar projects to be developed across the country. One of the most significant terms of the historic project agreement was that it was the first to offer ownership shares to public servants to help make more Bahamians owners of a larger portion of the economy.

Mike Maura, Jr., President & Chief Executive Officer of APD, recalled the significant impact of the launch of this important venture.  “The incorporation of APD was a landmark event. The idea of moving the commercial shipping port out of downtown had been pursued by successive political administrations for many years. 

One of the central issues that we were facing at the time was that the shipping operations on Bay Street were in direct conflict with a major part of the country’s tourism and retail sector, which negatively affected the area’s stakeholders and even national revenues. Through extensive collaboration between various government entities and other parties, we were finally able to make it happen.”

“The ownership structure under the PPP is very clear – The Government of the Bahamas invested $20 million for 40% stake in the company; twenty corporate shipping sector stakeholders invested $20 million for another 40% equity through Arawak Cay Port Development Holdings Ltd.; and the remaining 20% is fully owned by over 11,000 Bahamian public investors through their subscriptions to the $10 million IPO we offered in 2012. Since the IPO, the company’s share price has traded on BISX by as much as 74.3% over the initial offer price, establishing APD as one of the best infrastructure investments in The Bahamas to date.”

Dion Bethell, Vice President & Chief Financial Officer of APD, reflected on the financial performance of the company and other achievements earned over the years. “The benefits to the development of our country and our community since the inception of the company have been substantial. As the single largest government revenue collection point in the country, the Nassau Container Port plays a critical role in The Bahamas’ fiscal management.

Furthermore, the creation of APD has provided the government with a new income stream, contributing in excess of $35 million to the public treasury since 2012, with approximately $7 million of that number generated in 2017 alone. We’ve also donated over $350,000 to 150 charities and non-profit organizations. Over 400 Bahamians work at NCP, so it’s important for us to be socially responsible and to promote community involvement because we are the community. ”

Mr. Bethell continued, “Many of our team members are recognized internationally as industry experts. In fact, in recent years, APD employees have been called upon to make presentations on public infrastructure, container shipping, port operations, and public-private partnerships at many global conferences. We’ve also been recognized by international associations for our efficiency and reliability – we were ranked as the number one port in Port Efficiency by the Caribbean Development Bank in May 2016 and received the award for the Most Reliable Port by the Caribbean Shipping Association in October of that year.”

Mr. Maura shared his appreciation for his team, stating,  “We are extremely proud of all we’ve accomplished over the last ten years and the impact that our Bahamian team has had on the regional maritime sector.  It is my sincere pleasure to thank the employees of APD Ltd., our shipping partners, the men and women which work tirelessly every day in our maritime space and each of the various government agencies who have supported us on this journey. I must make special mention of the 10-year partnership with Bahamas Customs and the Ministry of Finance which has directly influenced the port’s success. Through their diligence and commitment, APD has become an internationally-renowned model for excellence in port operations and commercial shipping. We are among the best and the brightest in the world, and we’re delighted and grateful to be able to say that.”

Over the next few months, APD will host a series of events and activities to educate the public about the necessary and valuable role of the many maritime stakeholders that support its operations. These include agencies involved in environmental protection & management, international & domestic shipping, national and border security, health & safety, road safety, and trade & commerce.

These initiatives will also help the public understand more about operations at Nassau Container Port, emerging careers in the field, and how the work of the port and maritime community impacts our economy and the lives of everyday Bahamians.

Press Release: Blue Orchid Advertising Agency

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Prime Minister Commissions Completed Rooftop Solar Installations at UB

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Prime Minister Commissions Completed Rooftop Solar Installations at UB, July 3, 2026

By Lindsay Thompson

Bahamas Information Services


NASSAU, The Bahamas – Prime Minister the Hon. Philip Davis participated in ceremonies commissioning Completed Rooftop Solar Installations at the University of The Bahamas, a move towards energy sustainability.

Prime Minister Philip Davis

“Today, we turn a new page on how we power our lives, how we protect our environment, and how we define Bahamian leadership in the 21st century.

Energy is foundational to national development,” the prime minister said.

The ceremony commissioning installation completion, under the Reconstruction with Resilience in the Energy Sector in The Bahamas (RRESB) programme, was held on Friday, July 3, 2026 at Courtyard Choices, University of The Bahamas.

“With this commissioning, the University of The Bahamas takes its place at the vanguard of our energy transition. You are setting an example and proving your commitment to stewardship – leaving our islands better than we found them,” the prime minister said.

He said it was good to mark the commissioning: “The country has turned a new page on how we power our lives, how we protect our environment, and how we define Bahamian leadership in the 21st century,” he said.

The prime minister regarded energy as fundamental to national development, and added, “It determines how effectively we educate our children, how reliably we deliver healthcare, and how competitive our businesses can be.”  So, today is about solar panels, yes.  But it is also about how we power this country and what that means for the future we are building together. This is why programmes like RRESB matter.”

He said that it reflects his administration’s commitment to strengthening the systems that underscore daily life in the country, while building a country that is more sustainable and more energy-secure.

“We live on the frontlines of a changing climate.

“We have felt the fury of the winds and the rising of the tides. We know, better than most, that the old ways of generating power – reliant on volatile oil and fragile, centralized grids are no longer enough to guarantee our safety.

“This is why this administration will continue to strengthen our critical infrastructure and improve the resilience of our energy sector.

“As Prime Minister, I see these investments as investments in our future. They will serve our country for many years to come – while reflecting a broader shift in how we think about development.

Minister of Energy, Utilities and Aviation JoBeth Coleby-Davis

The Prime Minister said: “Sustainability is no longer separate from growth – it is essential to it.”

He extended sincere appreciation to Mr. Ruiz, Head of Cooperation at the Delegation of the European Union to Jamaica, Belize, The Bahamas, The Turks and Caicos Islands and the Cayman Islands, and to Mr. Fache, Program Manager with the European Union Delegation, for their partnership.

And, he commended partners at the Inter-American Development Bank, the University of the Bahamas, the Project Execution Unit, AnO Technologies, the Hon. Jobeth Coleby-Davis and the Ministry of Energy, Utilities and Aviation for their dedication and expertise in implementing this program.

“Today’s achievement reflects what can be accomplished when we work together in pursuit of a stronger Bahamas.

“This is the work of nation-building. It is not accomplished in a single day or in a single project. It is steady work – consistent and purposeful.”

 

(BIS Photos/Kristaan Ingraham)

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Diamond Stubbs, 17 • Betrica Brown, 19 • Stania Webb, 19 • Fourth victim yet to be identified

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Deandrea Hamilton | Editor

Six road deaths in two days leave a nation searching for answers

NASSAU, The Bahamas – A nation that only days ago celebrated graduations, scholarships and bright futures is now united in grief as six lives were lost on Bahamian roads in just two days, including four young women whose deaths have shaken the country to its core.

The names Diamond Stubbs, 17; Betrica Brown, 19; and Stania Webb, 19 have become the heartbreaking symbol of one of the country’s deadliest road tragedies in recent memory. A fourth young woman, believed to be 18 years old, had not been publicly identified by authorities up to publication time, as families continued to mourn and await official confirmation.

The four were among eight occupants travelling in a gray Mazda when it crashed into a tree on Shirley Street shortly after 1 a.m. Sunday. Police said the 19-year-old driver reportedly struck a pothole, looked back toward his passengers and lost control before the vehicle slammed into the tree. Three young women died at the scene, while a fourth later succumbed to her injuries in hospital. Four others, including the driver, remain hospitalized as investigations continue.

The tragedy’s impact reached the House of Assembly on Monday, where Members observed a moment of silence – led by Prime Minister Philip Davis – in honour of the young women whose lives were cut tragically short.

What has resonated most across the country is not simply how they died, but who they were.

Diamond Stubbs had just graduated from Old Bight High School in Cat Island as valedictorian and head girl. She was preparing to attend Langston University in Oklahoma on scholarship and was remembered by her father as an exceptional student who earned virtually every academic award presented at graduation while inspiring other young people to pursue their dreams.

Betrica Brown, who called both Cat Island and Abaco her homes, had recently travelled to Nassau to secure her student visa. Youth and Sports Minister Mario Bowleg said she was preparing to begin college on a volleyball scholarship.

Stania Webb had already distinguished herself at Langston University, where she earned both President’s List and Honour Roll recognition after graduating from Old Bight High School at just 16 years old. Family members remembered her as a quiet, ambitious young woman deeply committed to her Christian faith and education.

Speaking in Parliament, Prime Minister Philip Davis described the loss as heartbreaking, extending condolences to the families, classmates and loved ones whose lives have been forever changed. He urged Bahamians to keep those still hospitalized and the grieving families in their prayers. Similar expressions of sympathy came from across the political divide, churches, schools and communities throughout the country.

Some residents were also chided for sharing gruesome and graphic photos and video in the hours following the shocking car crash.  Relatives said it made a difficult, heartbreaking time more unbearable.

Condolences poured in from government and Christian ministers; The Bahamas Union of Teachers; The Bahamas Christian council and other leaders from across the islands.

The national tragedy extended beyond New Providence. Also on Sunday, 26-year-old Nica Julien lost her life in a separate traffic collision in Grand Bahama. Then, on Monday, a road traffic accident claimed the life of a 30-year-old man on the highway of Abaco.

Together, the six deaths have transformed what should have been a season of celebration with graduations and independence festivities in play, into one of national mourning, leaving families, communities and an entire country searching for answers—and praying that no more names are added to the list.

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Twist of Timing Shifts Focus in Jonathan Gardiner Case

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The Bahamas, June 26, 2026 – Imagine boarding a plane for another Bahamian island, only for it to crash in U.S. waters during what now appears to have been a remarkable twist of timing.

Jonathan Gardiner’s Election Day flight has dominated headlines for weeks, but Thursday’s decision by a New York federal judge suggests the story may be far bigger than the crash itself.

Gardiner was denied bail after U.S. District Judge Gregory Woods described him as a danger to the community, a significant flight risk and concluded that the government’s evidence is “very strong.”

For many Bahamians, however, the public narrative has remained fixed on the approximately $30,000 recovered after the crash, including an envelope reportedly containing $5,000 intended for an unnamed politician.

Gardiner’s attorneys have argued the cash was legitimate, saying roughly $20,000 had been withdrawn from his business account the day before the flight. They also maintain the prosecution’s case is circumstantial and have argued that his speedy trial rights are being violated.

But prosecutors say the charges stem from a three-year federal investigation into an alleged conspiracy to import cocaine into the United States—not an investigation that began because a plane crashed in Bahamian waters.

That distinction may prove critical.

The crash brought the case into public view, but it may not be what ultimately determines its outcome.

The judge’s ruling raises a question that now deserves greater attention: What evidence from that three-year investigation persuaded a federal judge that the government’s case is “very strong”?

The answer may not lie in the cash recovered after the crash, but in investigative material that has yet to be fully presented in open court.

As the case moves toward trial, Magnetic Media will continue looking beyond the headlines and following the evidence that underpins one of the most closely watched criminal prosecutions involving a Bahamian in recent years.

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