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GRAND BAHAMA SHIPYARD LAUNCHES $600 MILLION TRANSFORMATION  

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Transformation project marks significant industrial investment in Bahamian history and returns Grand Bahama Shipyard Ltd. to its leadership position in cruise shipping repair worldwide

 

#TheBahamas, October 23, 2023 – Grand Bahama Shipyard Ltd. is expanding its operation, helping it regain its position as the largest cruise ship repair facility in the world. The shipyard, together with Royal Caribbean Group and Carnival Corporation, recently received approval to proceed with an expansion project that is estimated to bring billions of dollars in economic impact to Grand Bahama’s economy over the next 25 years.

The $600 million transformation project includes the construction, delivery to Freeport, and commissioning of two world-class floating docks that will allow the shipyard to service the entire range of cruise ships in operation and under construction, as well as much of the world’s commercial shipping fleet.

Prime Minister the Hon. Philip Davis K.C. hailed the expansion project as “a new and promising chapter in the story of Grand Bahama.”

While Deputy Prime Minister and Minister of Tourism, Investments & Aviation the Hon. I. Chester Cooper, said: “The timing of the Grand Bahama Shipyard expansion project coincides beautifully with our efforts to revitalize Grand Bahama’s tourism industry. This project is just the impetus that Grand Bahama needs to further boost the island’s economic growth. It is a strong show of confidence that Grand Bahama Shipyard is establishing the world’s largest ship repair facility in the Bahamas.”

Minister for Grand Bahama the Hon. Ginger Moxey M.P. said: “The $600 million transformation of Grand Bahama Shipyard marks a monumental investment for Grand Bahama. The shipyard has always been an important contributor to Grand Bahama’s economy, and this ambitious project will continue the revitalization of our local economy. As the shipyard undergoes this remarkable evolution, it will serve as a beacon of progress, bringing jobs, entrepreneurial spin-off opportunities and a renewed sense of pride to the people of Grand Bahama. Together, we embark on a journey toward a brighter and more prosperous future.”

Already the largest private non-tourism employer in The Bahamas, the expanded shipyard operations will create a significant economic boost in Grand Bahama, with opportunities for Bahamians, local businesses, and contractors, including hundreds of full-time jobs at the shipyard once it is in full operation.

Five Decades of Shared Commitment

“For half a century, we have worked side-by-side with The Bahamas and Bahamian businesses and contributed to the growth of the Bahamian economy while delivering unforgettable cruise vacations to millions of people,” said Josh Weinstein, CEO and Chief Climate Officer of Carnival Corporation & plc. “The success of our enduring partnership is built on our shared conviction that people must always be at the forefront of our thinking. That mindset is evident in the Grand Bahama Shipyard transformation project, which invests significantly in local businesses, creates jobs and contributes to a legacy of economic vitality in the country.”

“For more than 50 years we have partnered with The Bahamas to deliver exceptional vacations to millions of guests and create opportunities for local Bahamian communities,” said Jason Liberty, president and CEO, Royal Caribbean Group. “We are proud to expand our longstanding partnership and see establishing Grand Bahama as a premier maritime destination for repair and revitalization of all kinds of vessels, as a project that will drive economic growth for the Bahamian industry and create a positive impact for the people of The Bahamas for generations to come.”

Sarah St. George, acting chairman of Grand Bahama Port Authority, added: “We join our partners in celebrating this historic achievement and congratulate Carnival Corporation and Royal Caribbean Group for their commitment to Grand Bahama and Grand Bahama Shipyard. We also thank the Government for their close collaboration on this transformational project. For the past four years, re-establishing Grand Bahama Shipyard as a premier global ship repair facility has been the single-minded focus of all parties. We’re tremendously excited for this huge expansion.”

Investments in Infrastructure and Workforce Development

The two new floating drydocks are under construction at CSSC Qingdao Beihai Shipbuilding Co. Ltd. in Qingdao, China, with expected delivery in 2025 and 2026.

Once completed, they will be among the largest floating docks in the Western Hemisphere – including a mega dock that will have the largest lifting capacity in the world – capable of servicing all existing and currently planned cruise ships worldwide, as well as a broad range of other vessels.

In addition to new floating dry docks, the project includes supporting marine works and infrastructure construction in Grand Bahama, which is set to begin in the last quarter of 2023 and complete in 2025.

Additionally, the shipyard is expanding its apprenticeship program, with a goal to have 16-20 new apprentices per year. Designed to develop needed technical skills for the shipyard, the program will also expand access to well-paying, long-term career opportunities at the shipyard and other industrial employers. The four-year apprentice program will be further enhanced through partnerships with technical colleges. Similar programs in the past proved successful in helping to develop and train Bahamians for the marine trade workforce.

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Bahamas Warns Travellers as UN says Middle East Conflict May No Longer Be Contained

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The Bahamas, March 18, 2026 – Twenty days into the latest Middle East escalation, the United Nations is warning the conflict is spreading beyond its original battlefield, as the death toll rises and governments around the world issue urgent travel advisories — including The Bahamas.

In a March 17 statement, the UN Secretary-General’s office said the war must stop and called for all Security Council resolutions to be respected, noting with concern that countries in the Gulf continue to be targeted, raising fears of a wider regional confrontation.

The current round of fighting began February 28 with strikes involving the United States, Israel and Iranian-linked forces, followed by missile and drone attacks across Iraq, Lebanon and parts of the Gulf.

International monitors report more than 1,300 people killed in Iran alone, with additional casualties reported in Lebanon, Israel and Gulf states. U.S. officials confirm at least 13 American service members have died since the escalation began, while reports indicate additional senior Iranian military leaders were killed in recent strikes.

Despite the growing violence, several NATO countries including the United Kingdom, France and Germany have not joined offensive operations, instead calling for diplomacy to prevent the conflict from widening.

The Bahamas Ministry of Foreign Affairs has also issued a travel advisory, warning Bahamian nationals to avoid travel to Israel, Palestine, Iran and Lebanon and to reconsider travel across much of the Gulf region due to the risk of sudden escalation, flight disruptions and security threats.

Officials say Bahamians already in the region should remain vigilant and be prepared for rapidly changing conditions.

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

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The Bahamas Celebrates Andrew Young at 94 – A Legend Honoured with Love at Baha Mar Gala

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The Bahamas, March 18, 2026 – The Bahamas showed its deep affection for one of the world’s most respected civil rights leaders as Ambassador Andrew Jackson Young Jr. celebrated his 94th birthday in grand style at a gala held at the Eccho Art Gallery, Grand Hyatt Baha Mar on March 12, 2026.

The evening was filled with tributes, laughter and cultural pride, reflecting what many guests described as a genuine bond between Young and The Bahamas — a country he has long admired and visited often. Those in attendance said the celebration felt less like a formal event and more like a heartfelt tribute to a man whose life has helped shape modern history.

Prime Minister Philip Davis, Foreign Affairs Minister Fred Mitchell, Bahamas Ambassador to the United States Wendall Jones, and U.S. Ambassador to The Bahamas Herschel Walker were among the dignitaries offering remarks, along with Andrew Young Foundation President Gaurav Kumar and other international guests.

The event was co-hosted by veteran broadcaster Karyn Greer of WSB-TV Channel 2 Action News and Bahamian journalist Dr. Deborah Bartlett, who both reflected on Young’s lifelong commitment to justice, diplomacy and public service.

Born in 1932, Andrew Young is widely regarded as one of the most influential figures of the American civil rights movement. He worked closely with Dr. Martin Luther King Jr., served as a key leader in the Southern Christian Leadership Conference, and later became a U.S. Congressman, U.S. Ambassador to the United Nations under President Jimmy Carter, and Mayor of Atlanta.

Over the decades, Young has been honoured by multiple U.S. presidents, including receiving the Presidential Medal of Freedom, the nation’s highest civilian award, from President Bill Clinton. His diplomatic work, civil rights leadership and global humanitarian efforts have earned him recognition across the world.

Guests noted that even at 94, Young remains active, engaged and passionate about international cooperation and human rights, continuing to inspire new generations.

His wife, Carolyn McClain Young, delivered the vote of thanks, expressing gratitude for what she called the warmth and love shown by the Bahamian people.

The celebration ended in true island fashion with a Junkanoo rush-out, bringing guests to their feet in a joyful close to an evening that blended history, culture and admiration.

For many in attendance, the message of the night was simple — Andrew Young loves The Bahamas, and The Bahamas loves him right back.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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Experts Analyze Economic Landscape; Opportunities and Challenges

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Nassau, THE BAHAMAS – From pressures on the independence of the US Federal Reserve and relations with China to the instability facing the global economic landscape and how it all impacts The Bahamas’ economy and prospects, Tuesday’s Central Banking Series hosted by University of The Bahamas (UB) in partnership with the Global Interdependence Center (GIC) peeled back the layers of the most critical factors impacting the world’s economic landscape.

At the one-day summit, top economic strategists, policymakers, academics, and economists gave frank and considered insights on the range of opportunities and challenges. In facilitating the high-level talks, UB’s Government and Public Policy Institute (GPPI) continues to provide the platform for evidence-based dialogue on public policy and reform.

“By convening world-class thinkers, policymakers, and practitioners here in Nassau, we affirm that The Bahamas is not solely a subject of global economic forces, but also a participant in the conversations that shape them,” said UB President Dr. Robert Blaine, III.

In his remarks, Minister of Economic Affairs Senator the Honourable Michael Halkitis acknowledged the ripple effects of financial shifts which put pressure on the Bahamian economy, yet he acknowledged that the economy is on the rise. He expressed confidence in the country’s readiness to adapt, citing a deep talent pool and expanding foreign and domestic investments.

“What makes this period particularly significant is the breadth of investment activity across sectors,” said Minister Halkitis, a UB alumnus. “Tourism development remains strong, but it is not the sole driver of growth. Investments are expanding into renewable energy, maritime services, digital infrastructure, agriculture, logistics and the blue and green economies.”

Economist and Former President and CEO of the Federal Reserve of Richmond, Dr. Jeffrey Lacker offered a sobering view on the independence of the US Federal Reserve, a topic that has attracted much national and international in the face of blistering pronouncements by US President Donald Trump.

Dr. Lacker said the Federal Reserve’s choice of monetary policy instrument and setting of the overnight interest rate that it controls should be “free of executive branch and congressional meddling.”

“And by meddling, what I mean is overtly expressed policy direction, opinions about where policies should go, expressed in a way that carries with it the implied threat of adverse consequences to either the individual or the institution, either in the form of legislative changes or some sort of political harassment,” he said.

“The value of insulating day-to-day, meeting-to-meeting monetary policy from pressure from elected officials with an eye on their next election is widely recognized. Neglecting that pressure, caving into that pressure is a road to short-termism, or short-term stimulus at the cost of inflation later on.”

Other pertinent conversations at the summit focused on digital initiatives for financial inclusion, monetary and fiscal policies and strategies in The Bahamas, and the impact of AI on macroeconomic conditions. There was also a special presentation on the history and value of gold. Students from Government High School were among the audience members gaining knowledge from experts.

“When we determined the theme for this year, being Challenges and Opportunities in a Dynamic Global Environment, we did not know what was going to evolve in recent times,” said GPPI Executive Director Zhivargo Laing, referring to the war that the US and Israel initiated against Iran. “So I would like to think that maybe there was a little bit of insight that was taking place during the course of our discussions. But we are here again for the third time with our partners at the GIC to entertain a deep discussion on just what are those challenges and opportunities in this very dynamic environment in which we find ourselves.”

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