Bahamas Wants To Boost Ship Registry

The Bahamas is hoping to boost its ship registry from the third largest in the world to number one with the help of one of the country’s closest and most significant trading allies, the Bahamas Journal reported. It is one of the reasons why the government sought to renew its commitment with officials of the Port of Palm Beach, the 4th busiest port in Florida and the 18th busiest in the United States. Minister of Maritime Affairs and Labour Senator Dion Foulkes officially made that move Tuesday, a key step in fulfilling one of the promises outlined in the governing party’s Manifesto 2007 – to establish linkages in the economic sector.

According to the minister, forging closer ties with the Port of Palm Beach would also augur well for The Bahamas in its aggressive effort to add more ships to its registry. Panama and Liberia have the two largest ship registries. Chairman of the Board of the Port of Palm Beach Commission, Wayne Richards, confirmed that the reasons of his board’s visit to The Bahamas are many – among them hurricane preparedness, security and the sharing of technology. Source: Bahama Journal