Search Result for: holdings
103 results found.
Norwegian Cruise Line Names New President and Chief Operating Officer
Above: a Norwegian Cruise Line ship By the Caribbean Journal staff Norwegian Cruise Line has named Drew Madsen the company’s new president and chief operating officer. Madsen was formerly the president and COO at Darden Restaurants, Inc, the world’s largest […]
Norwegian Expands With $3B Acquisition of Oceania, Regent Seven Seas
Above: Norwegian Breakaway By the Caribbean Journal staff One of the world’s biggest cruise lines is getting a whole lot bigger. Norwegian Cruise Line Holdings announced Tuesday it had entered into an agreement to acquire Prestige Cruises International, the parent […]
Avianca Takes Delivery of New Plane For Guatemala, Honduras Routes
Above: a new ATR By the Caribbean Journal staff Avianca has taken delivery of a new ATR 72-600 plane for service in Central America. The turboprop plane is the first to enter the Central American region, and will begin operations […]
New $100 Million Hotel Project Coming to Turks and Caicos Islands
Above: a rendering of the Third Turtle Resort and Marina By the Caribbean Journal staff A $100 million hotel project is coming to the Turks and Caicos Islands. The development agreement for the “Third Turtle Resort and Marina,” which would […]
Seaborne Airlines Begins Service From San Juan to Santo Domingo
Above: a Seaborne Airlines plane By the Caribbean Journal staff Puerto Rico-based Seaborne Airlines has officially launched service between the cities of San Juan, Puerto Rico and Santo Domingo in the Dominican Republic. The new service began operations on April […]
Investment Corporation of Dubai Buys Major Stake in Kerzner International
Above: Atlantis in the Bahamas By the Caribbean Journal staff The Investment Corporation of Dubai has purchased a “significant equity interest” in Kerzner International Holdings Limited from the Kerzner family. Kerzner International operates the Atlantis and One & Only resort […]
Atlantis Resort to Open in China
Above: a rendering of Atlantis Sanya Hainan By the Caribbean Journal staff A Bahamian icon will soon open in China. Kerzner International announced this week that it would be developing the Atlantis, Sanya Hainan on Hainan island in China. Kerzner […]
ConocoPhillips Sells Trinidad Subsidiary For $600 Million
Above: Port of Spain (CJ Photo) By the Caribbean Journal staff ConocoPhillips has closed a deal with Trinidad’s National Gas Company to sell its wholly-owned subsidiary, Trinidad and Tobago Holdings, for $600 million. Trinidad and Tobago Holdings, a limited liability […]
Bahamas Leads Trade Mission to Brazil
Above: the Bahamas’ trade mission in Sao Paulo By the Caribbean Journal staff Dr Michael Darville, the Bahamas’ Minister for Grand Bahama, recently led a trade delegation to Sao Paulo. The delegation visited the Transamerica Expo Centre for the Intermodal […]
IFC Investment to Help Develop Green Energy in Dominican Republic, Haiti
Above: Haiti (CJ Photo) By the Caribbean Journal staff The IFC, a member of the World Bank Group, along with its African, Latin American and Caribbean Fund, have announced a $100 million equity investment to help InterEnergy Holdings develop cleaner […]
Grand Bahama’s Memories Resort to Open in Second Half of 2013
Above: Grand Bahama (Photo: Bahamas Tourism) By Alexander Britell PARADISE ISLAND — The new Memories Grand Bahama Beach & Casino Resort on Grand Bahama is projected to open in the second half of this year, according to David Johnson, director […]
Turks and Caicos Signs Memorandum on $70 Million Hotel and Casino Project
Above: Turtle Cove (Photo: GIS) By the Caribbean Journal staff The Turks and Caicos has signed a memorandum with developer Circle Holdings, Ltd on a planned $70 million hotel, casino and marina project, the government announced Sunday. The project will […]
Aerostar Wins Bid to Operate Puerto Rico’s Luis Muñoz Marin Airport
Above: Terminal A at Luis Munoz Marin airport (Photo: OG) By the Caribbean Journal staff Aerostar Airport Holdings has won a public bidding process to become the private operator of Puerto Rico’s Luis Muñoz Marin airport. The bid was approved […]
St Kitts and Nevis Prime Minister Leads Investment Delegation to Dubai
Above: Dubai (Photo: Dubai Tourism) By the Caribbean Journal staff St Kitts and Nevis Prime Minister Dr Denzil Douglas has traveled to Dubai with an investment delegation. Douglas, who arrived in the United Arab Emirates Sunday night, is holding talks […]
Haiti Receives $27 Million IDB Grant for Rural Land Tenure Project
Above: An irrigation channel; almost 60 percent of Haitians live in rural areas (IDB Photo/Paul Constance) By the Caribbean Journal staff Haiti will be receiving a $27 million grant from the Inter-American Development Bank for a pilot programme aimed at […]
US Private Equity Firm Buys Controlling Stake in Largest Jamaican Fuel Retailer
Above: Cool Corp is the Jamaica licensee for Shell (Photo: Shell) By the Caribbean Journal staff United States private equity firm Blue Equity has purchased a controlling interest in Cool Petroleum, the largest fuel retailer in Jamaica, according to a […]
Tortuga Unites Caribbean Operations
By the Caribbean Journal staff Rum company Tortuga has united its operations across the Caribbean, consolidating affiliates in Cayman, Jamaica, Barbados and Florida. The founders of Miami-based Tortuga Imports will lead the company, now called Tortuga International, with Marcus Simmonds […]
Bank of Jamaica Reserves at $2 Billion
The Bank of Jamaica’s holdings exceeded $2 billion at the end of October, according to its reports at the end of the month. Jamaica’s Net International Reserves stand at $2.032 billion, although that is a reduction of about $48.4 million […]
Geothermal Project Planned in Nevis
A geothermal well in Nevis Caribbean geothermal developer West Indies Power Holdings has announced plans for an 8.5-megawatt project in Nevis. The project will be funded with a $55 million loan from the Export-Import Bank of the United States. Nevis’ […]
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