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Hurricane Irene makes landfall in Bahamas

The category 3 hurricane is making its way up through the island chain, with severe damage reported in some Family Islands and parts of New Providence. 

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TheBahamasInvestor.com
Friday, August 26, 2011
Friday, August 26, 2011

Hurricane Irene, which has developed into a Category 3 storm, with winds reaching up to 120 miles per hour (195 km/h), has made landfall in the southern and central parts of the tropical island chain, bringing structural damage and flooding to Rum Cay, Cat Island, San Salvador and parts of New Providence.

Cruise line operators have cancelled scheduled stops in the region and flights to the Family Islands have been temporarily halted. Revenue losses for the crucial tourism industry are already estimated to be $2-3 million in taxes alone.

A summary of conditions by the National Hurricane Centre put wind speeds at 115 mph (185km/h) as the eye of the storm passed the capital Nassau and proceeded on towards Abaco and Grand Bahama islands. A hurricane watch is in effect for north of Surf City, North Carolina, to the north Carolina-Virginia border including the Pamlico, Albemarle and Currituck Sounds, as the hurricane heads towards the US eastern seaboard.

The path of hurricane Irene can be tracked at the National Hurricane Centre.

scotterill@dupuch.com

The Bahamas will be represented at a variety of conferences towards the end of the year, including trips to Brazil and Asia. The Bahamas Financial Services Board is assembling a high-level delegation to travel to China, Hong Kong and Singapore.

Bahamas Financial Services Board (BFSB) attended the Brasil Investment Summit earlier this year in São Paulo. The major Latin American conference drew almost 600 delegates from around the world.

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