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CIBC FirstCaribbean MD Applauds Instrumental Move by TSL

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#Bahamas, May 24, 2018 – Nassau – At the launch of Tug Services Limited (TSL)’s two new tugs, CIBC FirstCaribbean’s Managing Director (Bahamas & TCI) applauded the company for making an “instrumental” move to help build the Bahamian economy.  CIBC FirstCaribbean’s Marie Rodland-Allen spoke at the unveiling of TSL’s tug boats Rose and Sampson.

Tug boats are an intricate component of the fabric of marine and harbour life. For years they have been used to guide cruise ships, container ships and car carriers into the port of Nassau as well as for the delivery of oil tankers at Clifton Pier.  “The services these tugs provide are vital to the Bahamian economy as it relates to tourism – one of our key sectors – and the marine/shipping industry at large,” Rodland-Allen said.

CIBC FirstCaribbean is the financier of the two new tug boats, which arrived recently as part of TSL’s initiative to replace aged vessels to better accommodate the major cruise ships that would like to call on the port of Nassau. This state of the art equipment will contribute to the port’s overall efficiency.

CIBC FirstCaribbean’s Director of Corporate and Investment Banking (Bahamas & TCI) Raymond Donaldson said, “When we looked at the transaction, we believed it was instrumental for the Bahamian economy and tourism, which is a major sector here in The Bahamas. So we definitely wanted to be a partner with Tug Services to see how best we could assist with the acquisition of these tugs.”

“We have a strong appetite for projects such as these that are critical to the success of the Bahaman economy and continue to look for opportunities in the market to provide financial solutions that range from loans and cash management solutions, as well as general day to day banking activities,” he added.

Rodland-Allen said, “Now with these new vessels, there is an excellent opportunity for TSL to expand in The Bahamas and to further impact the economy. It is an excellent move that bodes well for our marine industry, because of the very nature of their work.”

Tug Services Limited is a modern-day success story, 100% Bahamian owned and operated by a group of mariners with over 50 years of experience in the industry; and with noble and historic roots to a grand Bahamian seafaring legend, the late Sir Durward Knowles.

 

Release: Serena Williams Public Relations

Photo Caption: CIBC FirstCaribbean is the proud financier of two new tug boats owned and operated by Tug Services Limited. CIBC FirstCaribbean Managing Director (Bahamas & TCI) Marie Rodland-Allen had the honour of speaking at the ceremonial launch of the two vessels and greeting their captain. L to R: CIBC FirstCaribbean Director of Corporate and Investment Banking (Bahamas & TCI), Raymond Donaldson; CIBC FirstCaribbean Senior Corporate Manager, Sonia Rutherford; Tug Services Limited (TSL) Captain Eugene Munroe; and CIBC FirstCaribbean Managing Director (Bahamas & TCI), Marie Rodland-Allen.

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Bahamas News

Bahamas economic growth

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Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

 

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C&W COMMUNICATIONS PROUD TO BE ASSOCIATED AS ATHLETES “CHASE THE SUN”

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World Relays to be title sponsored by BTC, one of C&W’s local brands.

 

In just a few days, athletes from over fifty countries will converge in The Bahamas for the BTC World Athletic Relays Bahamas 24. C&W Communications, the parent company of BTC, is proud to be associated with this major event, which will see athletes from The Bahamas, Barbados, Jamaica, and Trinidad & Tobago competing for a place in the upcoming Olympic games in Paris.

Inge Smidts, CEO of C&W Communications, who also serves as Chair of the BTC Board of Directors will be in the stands to witness the highly anticipated relays. Smidts says, this was an event that she simply could not miss. “We are proud to support our Caribbean athletes, and we wish them well as they vie for a spot in the Olympic games.

The relays will be held one of in our markets, The Bahamas, and we are honoured to be the title sponsor of the event. The world relays represent the spirit of relentless courage and the willingness to succeed of the Caribbean people and of our business. Through partnerships like this we demonstrate our unwavering commitment to connect communities and change lives.”

In addition to its sponsorship of the event, Smidts says it was important that athletes, officials, and fans stayed connected during the games. “As a business we are focused on ensuring that our customers have access to faster, stronger, and more reliable connectivity, and we worked with our partners to make certain that athletes and guests remain connected.

We have offered e-sim cards, and we also worked with the major hotels to set up care centers to ensure that we address any connectivity concerns on the spot. Additionally, I am pleased to announce that BTC will provide free Wi-Fi at the stadium giving patrons and athletes the opportunity to share every riveting moment.”

BTC has hosted a special event just for the Caribbean athletes, at the newly renovated Queen’s Staircase in Nassau, a recently renovated historic landmark visited by thousands of tourists each day. This event gave athletes the opportunity to unwind, mingle, and to learn more about each other right before the competition.

This is the fourth time that BTC and its parent company C&W Communications have title sponsored the world relays. The BTC World Athletic Relays will be held at the Thomas A. Robinson Track & Field Stadium from May 4-5, under the theme, “Chase the Sun, from Paradise to Paris.”

 

 

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RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

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RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

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