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Shipping expert talks on future of Bahamas maritime industry – audio

Speaking at the Nassau Conference last month, Chandler Sands, managing director of Campbell Shipping Company Ltd, urged investment in the maritime industry and spoke of a future date where the sector was training a greater number of highly able maritime professionals. 

Wednesday, July 13, 2011
Wednesday, July 13, 2011

Shipping expert and managing director of Campbell Shipping Company Ltd, Chandler Sands, addressed financial services professionals attending the Nassau Conference at the British Colonial Hilton last month on the topic of financial opportunities in the maritime industry.

The shipping MD highlighted the potential of business for financial services providers and the maritime industry in The Bahamas as a whole.

“I propose that the Bahamas Maritime Authority, which has 1,539 ships on its registry partner with the [financial services] industry on policies and procedures and all the things that you do well. You can offer a cluster of services to the shipping and maritime industry.”

Listen to the full address below.

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Central Bank has released its monthly report on economic and financial sector developments in The Bahamas. The Bank monitors these conditions as part of its monetary policy mandate, to assess whether money and credit trends are sustainable relative to levels of external reserves required to protect the value of the Bahamian dollar and, if not, the degree to which credit policies ought to be adjusted. Download the full report here.

The country's leading tax experts warn of severe impact of new US tax regulations set to come into force in January 2013. Without due preparation, financial services providers could face 30 per cent withholding tax if they fail to disclose details of any US transactions.

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