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By NEIL HARTNELL
Tribune Business Editor
A Bahamian shipping company's woes have multiplied as a US-based lender has sued it for breach of a $2.669 million loan agreement, claiming the seizure of the vessel on which its financing was secured - and its 'unauthorised' transfer from the Bahamian to Panamanian shipping registry - violated the credit terms.
Caterpillar Financial Services Corporation, a Nashville-based financier, has intervened in the action brought against Nassau-based Dean's Shipping Company and its vessel, the M/V Legend II, by the Palm Beach Steamship Agency over an alleged $106,320 debt.
Alleging that it should be the preferred creditor, in the action filed ...
By DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT - With 13 bulk carriers already, Bahamas-based Campbell's Shipping Company is seeking to double its fleet within the next year, a company executive said yesterday.
Jamaal Smith, assistant manning manager of Campbell's Shipping, said the vessels in their fleet represent a total of 15,000 tons or the size of two football fields.
"The company is growing steadily. We have 13 bulk carriers, which are very huge ships... and we are looking to double that number within the next year," he said.
Campbell's Shipping Company has been in operation since 1971, and has ships operating internationally ...
By NATARIO McKENZIE
Tribune Business Reporter
THE Bahamas "punches well above its weight" in the global maritime industry, the Bahamas Maritime Authority's (BMA) chairman saying yesterday that through its involvement with the International Maritime Organisation (IMO) this nation has a powerful voice in world shipping.
Ian Fair, one of the speakers at the 21st annual Bahamas Business Outlook conference, said the Bahamas has the ability to significantly influence the development of maritime legislation through the IMO, a specialised agency of the United Nations for shipping.
"We have a powerful voice in world shipping, and have the ability to inf ...
FREEPORT, The Bahamas
(May 13, 2013) - GAT CARAIBES, a group of transportation companies in
Martinique, will present its strategic plan to the 12th Annual Caribbean
Shipping Executives Conference (CSEC XII),
which opened today at the
Grand Lucayan Beach and Golf Resort on Grand Bahama Island.
by the Caribbean Shipping Association (CSA) from May 13 to 15, shipping
industry executives from Europe and North America are joining their
counterparts from the Caribbean and Latin America for three days of
discussions and presentations on a wide range of issues and trends in
the maritime sector.
Tropical Shipping's parent company finalized a deal yesterday to sell its operations to an?Atlanta-based company for $2.4 billion, Guardian?Business can confirm. The 'jury' is still out on how the move will affect one of the largest freight businesses in this country.
International reports yesterday indicated that Nicor Inc. had agreed to sell its billion-dollar operations to AGL Resources for cash and stock, creating one of the largest natural gas distributors in the United States. Nicor also owns Tropical Shipping.
While there have been reports that the deal could mean Tropical Shipping could be up for sale, Nicor representatives yesterday said the freight business was actually a g ...
FREEPORT, Grand Bahama -- More than 200 of the region's most prominent shipping executives will converge on Grand Bahama Island next month, for the 12th annual Caribbean Shipping Association Conference. The event is slated for May 12th- 15th at the Grand...
Freeport Grand Bahama Island - More than 200 of the region's most prominent shipping executives will converge on Grand Bahama Island next month, for the 12th annual Caribbean Shipping Association Conference. The event is slated for May 12th- 15th at the Grand Lucayan Resort...
Tropical Shipping Announces Additional Weekly Sailing to Freeport and Nassau, Bahamas Effective May 2012
As a leader in ocean transportation services to The Bahamas and the
Caribbean, we are committed to providing our customers superior service to
our destination ports.
GAC, the global shipping, logistics and marine services provider, has strengthened its global network by signing an alliance agreement with Bahamian agency, Elnet Maritime Company, forming GAC-Elnet with effect from March 1, 2011.
Elnet Maritime Company was formed by then 28-year-old shipping veteran Elbert 'Ellie' Hepburn in 2008, after he served in a variety of managerial positions at agencies in Grand Bahama. Since then, the company has provided agency services to principals with vessels calling at ports throughout the Bahamas.
The alliance is GAC's move to expand its network to the Bahamas in response to client needs, in particular oil majors operating and using the country's ...