The Bahamas has a rich maritime heritage holding the current position as one of the world’s top ten flag states with over fifty million gross tonnage of ships flying the Bahamas flag in every corner of the globe. Recently, The Bahamas Financial Services Board sponsored the 32 nd Annual Marine Money Week Conference in New York City on June 17 th – 19 th. Marine Money International bridges the gap between shipowners and the international capital markets. The conference was held at The Pierre Hotel in New York City. It is the world’s largest ship finance forum, attended by over three-hundred ship finance professionals comprised of ship owners, investors, ship managers, brokers, lawyers and accountants.
As a Gold sponsor, Tanya McCartney, CEO & Executive Director of BFSB addressed the delegates on the topic The Bahamas Lifestyle: The Best in Business, Banking, Boating and Beaches. She used the opportunity to share the Bahamas’ long history in the maritime sector as a leading ship register but also enticed attendees who may be acquainted with the jurisdiction for shipping only to consider what we have to offer in relation to financial services and international business. She shared with delegates that there are “four vital features which distinguishes The Bahamas from other significant international financial centre. There are being well regulated, our expertise, commitment to innovation and our unique geographical location”. She provided an update on the progress made to address EU concerns, incentives provided to persons wishing to do business in the jurisdiction and
immigration and residency.
Over the three- day conference, presentations and panels addressed a number of timely topics and themes related to the maritime and shipping industry including:
Live Deal Offering: FinTech Meets Ship Finance……On Yield Street
Equity Investment in Shipping: Making it Work for Investors and Issuers
Stranger Than Fiction……. Let’s Meet a Real, Live “Shipping Man”
Shipping Loan and Loan Portfolio Sales- Update & Outlook for Deal Flow
Sanctions and Shipping-What You Need to Know from Iran to Cuba to Venezuela and Beyond
Containers Vessels Versus Container Boxes: Which is the Better Asset to Gain Exposure to the Container Line Industry?
To date, the Bahamas is the number one cruise ship registry in the world. The Bahamas flag is the premier flag of choice for many of the world’s finest fleets. It is the trusted first option flag in international shipping. The Bahamas Financial Services Board’s attendance at the 32 nd Annual Marine Money Week was aimed at showcasing the Bahamas’ history of success as a world class centre for maritime and financial excellence.