BAIC raises queries over dorian oil spill
Bahamas Agricultural and Industrial Corporation (BAIC) officials have visited Grand Bahama’s South Riding Point terminal to assess the oil spill and damage inflicted by Hurricane Dorian.The corporation, in a statement following its Tuesday inspection
Cruise line promises 29% Nassau call rise
Royal Caribbean Cruises has pledged it will make more than 100 vessel calls on Nassau over the next few months in a bid to boost the post-Hurricane Dorian economic recovery.The cruise line said it was resuming all calls to The Bahamas, and re-opening
Shipyard delivers sign of post-Dorian rebound
Grand Bahama Shipyard (GBS), pictured , yesterday delivered “a significant sign” of post-Dorian recovery by reopening and welcoming back its first commercial vessel. The 57,062-ton Agathonissos , owned by Greece-based Eletson, returned to the facili
Lucayan chief aims to 'ratchet up' sales talks
The Grand Lucayan’s chairman yesterday said he is aiming to “ratchet up” talks for the resort’s sale given that Freeport needs an “economic booster” more than ever after Hurricane Dorian. Michael Scott, who heads the government-owned vehicle that co
$100m disaster loan drawdown 'within 2 weeks'
The government will make its first drawdown on the $100m Inter-American Development Bank (IDB) disaster recovery loan facility “within the next two weeks”, a top official has confirmed. Marlon Johnson, the Ministry of Finance’s financial secretary,
Half of Dorian victims lack insurance cover
Bahamian insurers yesterday warned that up to three-quarters of property owners in the areas Dorian hit hardest may be unable to gain full compensation for their losses.Members of the Bahamas Insurance Association (BIA), addressing Dorian’s implicati
Oban brushes off ‘insane’ warning over oil spillage
Oban Energies “remains confident” in the environmental soundness of its $5.5bn oil storage/refinery project despite warnings it would be “insane” to proceed given the post-Dorian spill.
BTC, Aliv at odds on post-Dorian roaming
The Bahamas Telecommunications Company (BTC) and Aliv are at odds over how long customers should be allowed to roam free of charge on each other’s networks in the Dorian-hit islands.Garfield “Garry” Sinclair, BTC’s chief executive, yesterday told Tri
Atlantis pledges $3m to Dorian assistance
Atlantis and its owner, Brookfield Asset Management, have announced a $3m pledge to benefit Hurricane Dorian relief efforts.“All of us here at Atlantis are deeply saddened by the devastation of our sister islands Abaco and Grand Bahama. We are thankf
Building suppliers awaiting 'major pick-up' in demand
Nassau-based building supplies and hardware retailers yesterday said they expect “a significant pick-up” in demand within the next few weeks to assist post-Hurricane Dorian rebuilding.Raymond Collins, of Tops Lumber and Plumbing, told Tribune Busines
Visiting Bahamas 'best thing' to help Dorian recovery
A Cabinet minister has told international travellers that “the best thing they can do right now” to help The Bahamas is visit the islands that were not devastated by Hurricane Dorian. Dionisio D’Aguilar, minister of tourism and aviation, signalled t
Business couple: 'We're not giving up on Abaco'
Two business partners have promised they are “not giving up on Abaco” after their company was one of the few left standing by Hurricane Dorian. Daphne de Gregory and her husband, Nick Miaoulis, both spent five hours holding their own against the cat
$500m Dorian payout 'biggest I have seen'
Insurers yesterday estimated that Hurricane Dorian claims payouts could “easily exceed” $500m, with one top executive revealing: “It’s definitely the biggest event I’ve ever seen.” Tim Ingraham, Summit Insurance Company’s president, told Tribune Bus
GB Power: 80% of Freeport grid survives Dorian
Grand Bahama Power Company’s (GBPC) chief executive said the restoration of customer supply would begin yesterday evening after 80 percent of its Freeport grid infrastructure survived Hurricane Dorian. Dave McGregor, the utility’s chief executive, c
Dorian ‘demands altered approach’ from insurers
Hurricane Dorian’s catastrophic impact “demands that insurers take” a more conciliatory approach to how claims are handled, an outspoken QC urged yesterday.
