Markets

Bahamas Looking to Capitalize on “Billion-Dollar” Shipwreck Industry

By: Caribbean Journal Staff - March 30, 2011

The Bahamian government is looking to cash in on what, according to experts in Florida, could be a billion-dollar industry with an amendment to the country’s Abandoned Wreck Act. “We are being told it could be a billion-dollar industry if properly policed and managed,” said Minister of Youth, Sports and Culture Charles Maynard. “A lot of people have been trying to present any number of scenarios to us, but we are confident with the Florida experts’ estimations.” Maynard said the government had faith that there were hundreds of wreckages in Bahamian waters, artifacts from which regularly appear in museums around the world.

Indeed, we’ve managed to find the top wreck diving sites around the Caribbean.

Popular Posts w punta cana

A New All-Inclusive W Hotel Is Opening This Year in Punta Cana 

The first-ever all-inclusive W Hotel in the Caribbean is opening this year in Punta Cana, Dominican Republic, Caribbean Journal has learned.  The hotel, part of a broad expansion for parent company Marriott International, is on the list of expected 2024 […]


Why Grenada Is a New Caribbean Luxury Hotspot

beach house silversands

From its world-renowned chocolate to its pristine beaches to a region-leading focus on sustainability, Grenada is as fascinating and unique as destination as you’ll find in the Caribbean.  But in the last few years, the lush Eastern Caribberan island has […]


5 Adults-Only Resorts to Visit Right Now in the Caribbean 

galley bay

Sometimes you just want that extra degree of serenity, of privacy, of seclusion. There is a reason, after all, that adults-only resorts are booming in popularity, particularly in the Caribbean: travelers want to know that when they arrive, they know […]


Related Posts la bougainvillea beach with pink sand

American Airlines Just Added a New Destination: Governor's Harbour, Eleuthera

Pink sand beaches, lovely little boutique hotels, centuries of Bahamian history. And did we mention Tippy’s? There’s a reason why Governor’s Harbour in Eleuthera has become one of the hottest destinations in The Bahamas. Now, it’s easier to get there […]


How The Bahamas' Baha Mar Resort Became a Caribbean Art Destination

the current

Just a short stroll from the lobby at the Baha Mar resort in Nassau is one of the nicest art galleries you’ll see in the Caribbean, called The Current. Walk up another story and you’ll find a different one, this […]


Silver Airways Is Adding Nonstop Flights to Two Islands in The Bahamas 

bahamas tourism booming

Continuing its active expansion in the wider region, Silver Airways is adding a pair of new nonstop routes to the islands of The Bahamas, Caribbean Journal has learned.  Beginning in March, Silver will be relaunching service from West Palm Beach […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You