April 6, 2020
Nassau Cruise Port.
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Nassau Cruise Port's controlling owner has warned industry stakeholders that full recovery may be two years away with 2019 passenger numbers not returning until the 2022 second half.
A major tour operator yesterday branded The Bahamas COVID-19 response as a “disaster" and voiced fears that the cruise ships may bypass Nassau even if they resume sailing in November.
Nassau Cruise Port's top executive has conceded that New Providence's high COVID-19 infection rate is "a material concern" but believes it has established protocols to mitigate any health risks.
Nassau Cruise Port only received 83 percent of its $150m bond proceeds upfront after agreeing a "delayed draw" deal with "certain investors" for the remainder to be paid by year-end, it can be revealed.
NEW recommendations from a panel of globally recognised medical and scientific experts say that by relentlessly focusing on prevention and other measures – including the testing of guests and crew members – public health risks associated with the pandemic can be mitigated in a cruise ship environment.
Nassau Cruise Port’s top executive says he remains hopeful the cruise industry may return with "very limited sailings" before year-end with 2021 berth bookings exceeding pre-COVID-19 levels.
Nassau Cruise Port's top executive yesterday warned that downtown Bay Street is "unlikely to see any cruise passengers" before year-end 2020 regardless of whenever the industry resumes sailing.
The Downtown Nassau Partnership's (DNP) co-chair yesterday said the cruise lines' decision not to resume sailing until September 15 is "a very serious blow" that may mean many small businesses "will not survive".
Nassau Cruise Port's top executive yesterday hailed the "monumental achievement" in beating its $130m capital raising target amid the economic turmoil created by the COVID-19 pandemic.
The Bahamas’ sovereign credit downgrade has increased the Nassau Cruise Port’s financing costs to a level “never” considered just 90 days ago, its top executive has revealed. Michael Maura, the cruise port operator/developer’s chief executive, told
The fallout from the coronavirus pandemic over the global economy is threatening to trigger an unprecedented depression; the latest forecast from Goldman Sachs for the United States predicts a contraction of 34 percent in GDP on the second quarter of