From:TheBahamasWeekly.com

Bahamas Information Services Updates
The Bahamas welcomes new vessel on the Bahamian Registry
Jan 8, 2010 - 11:47:17 AM

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SHANGHAI, The Peoples Republic of China -- Minister of the Environment the Hon. Earl Deveaux attended the commissioning ceremony of the newest vessel on the Bahamian ship registry in Shanghai, the People’s Republic of China, on Wednesday, January 6.

Mrs. Barbara Jean Deveaux, the Minister’s wife, officially named the vessel the CS Caroline in honour of the late Winifred Caroline Mortimer. The vessel will be managed by Campbell Shipping Company Limited, a Bahamian company.

The ship was built in Jaingsu Province, Peoples Republic of China, by Tsuji Industries (Jiangsu) Co. Ltd. and designed by Algoship Designers Limited. G.T.R. Campbell Marine Consultants Limited supervised the construction of the ship.  Both companies are Bahamian and have offices in Nassau.

Minister Deveaux said The Bahamas ship registry has many vessels built in China by Bahamian companies and valued well in excess of a billion U.S. dollars.

He also noted that the Peoples Republic of China and The Bahamas have had formal diplomatic relations for over 12 years. 

“However, our cultures have been comingled for a very long time, as many of The Bahamas most successful citizens are of Chinese origin,” Minister Deveaux said. “The relationship between our countries has proven to be mutually beneficial to both countries.

“The Bahamas has benefitted from significant Chinese investments, notably Hutchinson Whampoa in Freeport, Grand Bahama.  The generosity of the Chinese people is exemplified in the gift of a Sports Complex and expert technical support by the Government of the Peoples Republic of China.”

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Barabara Jean Deveaux, the wife of the Minister of the Environment the Hon Dr Earl Deveaux formally names the newest vessel on the Bahamian Registry in Shanghai, the Peoples Republic of China. Pictured from left: Dr Deveaux; Eleanor Phillips, Director of the Nature Conservancy Bahamas; Lowell J. Mortimer, President of Campbell Shipping the company that owns CS Caroline; Mrs. BJ Deveaux and Yasuji Kodama, Vice President of Tsuji Heavy Industries (Jiangsu) Co. Ltd.

Minister Deveaux explained that The Bahamas Maritime Authority (BMA) has been an industry leader in meeting the challenge of administering one of the world’s finest registries.

“Under the BMA’s oversight and with strong support, The Bahamas flagged ocean going fleet has grown to become the third largest in the world.

“The Bahamian Registry has 5.2 million gross tonnes comprising of 1,670 vessels which carry the Bahamian flag.  The registry is widely regarded as among the best in terms of quality,” Minister Deveaux said.

He said the international maritime sector has significant potential for expansion and the Authority has recently chosen a new Managing Director, Commodore Davy Rolle, and will face future challenges and opportunities with renewed vigour and purpose.

He singled out three initiatives to highlight the focus of The Bahamas maritime registry:

  • Yacht Registry – The BMA is well advanced in completing a set of rules for yacht registration to expand the profile of the registry.
  • Arbitration Act – The Bahamas has recently enacted an Arbitration Act, a feature of great value to international shipping.
  • Maritime Institute – The demand for trained seafarers continues to grow.  The Bahamas is developing a model for training in Freeport, Grand Bahama.

Minister Deveaux also noted that the maritime sector is a significant contributor to the Bahamian economy.

“It is increasingly broad-based, serving as the centre for maritime arbitration, new and renewed facilities in and around the Port of Nassau, major international shipping operations in Freeport and the growing ship repair facilities, all speak to the opportunities for solid growth,” he said.



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