business@tribunemedia.net
TUESDAY, DECEMBER 15, 2020
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DARRIN WOODS
‘Blindsided’ on hotel Christmas bonus changes By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net MAJOR Bahamian resorts were yesterday accused of “blindsiding” the hotel union and its members by altering contractuallyagreed Christmas bonuses without any prior warning. Darrin Woods, the Bahamas Hotel, Catering and Allied Workers Union’s (BHCAWU) president, told Tribune Business that despite the joy surrounding the recall of several thousand hotel workers he “cannot allow all their rights to be taken away”. Echoing similar concerns to those raised at the Water & Sewerage Corporation and the Kentucky Fried Chicken (KFC) franchise, Mr Woods said this year’s change to Christmas bonuses amounted to a “unilateral variation of the terms and conditions” contained in the union’s industrial agreement that covers multiple resort properties. Arguing that members of the Bahamas Hotel and Restaurant Employers Association (BHREA) had failed to consult the union beforehand as required by the industrial agreement, he added that no single hotel had given any hint of the proposed alterations when they were contacted by the BHCAWU over the issue. Mr Woods said he was now seeking written positions from each Association member on the Christmas bonus in case “we have to go some place else” to resolve the matter, adding that there was “a dispute procedure in place that we have to follow and which may take some time” hinting that a dispute may ultimately be filed with the Department of Labour. However, Russell Miller, the Bahamas Hotel and Restaurant Employers Association’s (BHREA) president, rejected the union’s assertion that it had been “blindsided” over Christmas bonus adjustments made to help the hotel industry conserve scare cash resources following
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Marinas: ‘Comeback’ swift despite 70% market loss By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
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HE Marina Association of The Bahamas (MAB) president yesterday voiced optimism the sector will see a swifter “comeback” than other tourism segments despite missing 70 percent of its market. Peter Maury told Tribune Business the industry was being impacted by the absence of its traditional “mid-range” customers, typically vessels between 60-80 feet in length, centre consoles and sports fishing craft, whose occupants tended to rent hotel rooms rather than anchor offshore like their larger counterparts. Suggesting that this niche will likely not return until the COVID-19 testing regime eased and it was easier to stay on land overnight, Mr Maury revealed that business volumes at his Bay Street Marina were “down significantly for the year since March” by around 40-50 percent compared to 2019. Despite these setbacks, he said The Bahamas’ retained numerous competitive advantages through
• ‘Mid-range’ vessels largely absent from Bahamas • Marina chief says business off 40-50% since March • Christmas, New Year unlikely to be ‘anything great’ its proximity to Florida and the US as winter drives boat owners further south to the warmer Caribbean. Having just returned from a West Palm Beach boat show at the weekend, Mr Maury said “everyone’s gung ho” to come to The Bahamas and use its multi-island experiences as an alternative to having to endure multiple COVID-19 testing regimes among southern Caribbean nations. “We have a lot of interest in boats coming to The Bahamas,” he told this newspaper, “and we’re working with the Ministry of Tourism to get them cleared and get them to come over here. I spent the weekend in Palm Beach talking to boat owners and brokers, and everybody’s gung ho. They want to get their boats over here. “The testing is working great. The marinas are able to get the boats cleared and do the five-day tests, and they’re able to go out. I think the whole thing is
working pretty good to be honest with you. I just hope we can keep it going. That’s the biggest thing. “It’s encouraging, I have to say that. There seems to be a good opportunity for a comeback for us, at least in this industry, not all of tourism. I think we’ve got some hard decisions ahead in other areas.” Declining to identify those “areas”, Mr Maury conceded that not everything in the boating/ yachting market is totally rosy with its rebound likely to take some time and extend well into 2021. “We’re missing the whole mid-range; the smaller boats,” he told Tribune Business. “The 60-80 feet, centre consoles, we’re missing all of that. “We’re getting mostly the bigger boats. Until testing gets easier and staying in places on land gets easier, that’s it for now. There’s not much else we can do. It’s mostly boats over 100 feet; 30 metres or more. They tend to be able to stay out
THE Nassau Container Port’s top executive yesterday said Bahamian cargo shipping rates could be impacted “for the better” in early 2021 after a major carrier signalled its plans to service this market. Dion Bethell, Arawak Port Development Company’s (APD) president and chief financial officer, told Tribune Business that CMA/CGM, the French transportation company, had voiced interest in one of its vessels calling on Nassau in the New Year. “In recent weeks we’ve had some expression from CMA/CGM, one of the largest carriers in the world,” he revealed. “They’re definitely in the top five. They’ve expressed interest in having a vessel call here to Nassau, certainly
and can anchor and go out. People are opting for that. “We can’t complain. They’re spending, and putting money into the economy for fuel, groceries and everything else, such as restaurants that are open.” The Marinas Association of The Bahamas (MAB) chief said persons on socalled “mid-range vessels” tended to stay the night in land-based accommodation rather than on vessels, which has been made much trickier by COVID-19 health protocols. “We have what we have, but that’s a significant part of the business for a lot of marinas, including mine. I’d say 70 percent,” Mr Maury said. “The big boats are a blessing, I’m not complaining, but we’re still down significantly due to the uncertainty with COVID19 clearing and mid-range boats and yachts not being able to come in. “I was just going through looking at my year-end
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‘Minnis can shut country but not escape oil deal?’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net BAHAMAS Petroleum Company’s (BPC) oil drilling ship will this morning likely face “a welcoming committee”, as one activist charged: “The PM can shut the country down but not get out of a bad oil deal?” Sam Duncombe, reEarth’s president, told Tribune Business that oil exploration opponents planned to greet the Stena IceMAX with protests COVID-19 curfews and restrictions permitting after the vessel docks in Freeport at “daylight” this morning. Acknowledging that the 10pm to 5pm curfew will likely make it impossible to greet the drilling ship when it arrives at around 3am, Mrs Duncombe added that the prime minister’s voicing of his personal opposition to oil exploration in Bahamian waters was welcome “but awfully late”.
• Activists plan ‘welcoming committee’ for drill ship • Say PM’s anti-exploration stance ‘awfully late’ • BPC shrugs off court threat with extra $20m
STENA ICEMAX DRILL SHIP “We were planning a welcoming committee inviting them to go home,” she said of the Stena IceMAX, adding that a further protest was planned for Nassau this coming weekend in conjunction with the Raising Awareness of The Bahamas Landfill (RABL) group at a
yet-to-be-disclosed location. Promising that location and other details will be revealed closer to the time, Mrs Duncombe told this newspaper: “We want to encourage Bahamians to fight for the things we feel are correct. The fact we were misled in May 2018
Nassau shipping rates face impact ‘for better’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
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• New cargo carrier signals 2021 call interest • Bahamian stay-at-home hits cargo volumes • Arawak Port profits off 30% year-over-year
THE NASSAU CONTAINER PORT in the New Year. “It would be very interesting to see how that plays into shipping rates. The existing carriers will be focused on maintaining market share. The pie is still the same but part of it may be moving to another
carrier. There’s a possibility there may be an adjustment in shipping rates for the better.” Such developments could provide a modest piece of good news for Bahamian businesses and consumers battered by COVID-19, as
it will help to ease importrelated cost pressures by introducing extra competition to a Bahamian cargo freight market that is largely dominated by Tropical Shipping and Mediterranean Shipping Company (MSC). Mr Bethell, meanwhile, said APD had no plans to increase or adjust its own tariff rates as he disclosed that the normal influx of freight associated with Thanksgiving purchases by Bahamians in the US had failed to materialise this year to fewer persons travelling as a result of COVID-19. “As it relates to volumes, they aren’t what they were
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[by Romauld Ferreira, minister of the environment], and now the prime minister has come out saying he’s against oil drilling...... “Obviously that’s music to our ears, but at the same time it’s awfully late. The reality is that the prime minister had the authority to shut down the entire country for the better part of a year, so I don’t see why we cannot get out of a really bad oil deal.” Mrs Duncombe’s comments refer to Dr Hubert Minnis’ frequent imposition of life-changing COVID-19 lockdowns and curfews, set against his assertion that the administration received legal advice from the Attorney General’s Office that
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$3.98 RBC Homeowners Act bungle thwarts loan recovery bid By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net ROYAL Bank of Canada (RBC) bungled its bid to initiate legal proceedings to realise its mortgage security on a couple’s home by failing to comply with the Homeowners Protection Act. Justice Ian Winder, in a December 7, 2020, ruling “struck out” its action against Lawson and Rhonda Hall after finding that the Canadian-owned lender had breached the Act’s section 4 (1) by failing to serve them with the proceedings personally or by registered post. The Supreme Court found there was no explanation or evidence to support RBC’s decision to serve the couple via “a general delivery post box” when it knew they lived at the mortgaged property on Swordfish Drive in Stapledon Gardens. There was also no evidence provided by the bank to support that this was the Halls’ last postal address. “I find that the service purported to have been made pursuant to the Homeowners Protection Act on the defendants was inadequate in the result that the plaintiff did not fulfill its obligation under the Homeowners Protection Act. I did not accept that there was service by post on these defendants,” Justice Winder ruled. “The purpose of the Homeowners Protection Act legislation was to provide meaningful protection to homeowners by ensuring a true and proper discourse between the mortgagor and the mortgagee prior to taking the significant and ultimate step of recovering the security through litigation. “Its provisions ought to be strictly complied with otherwise mortgagees would be precluded from instituting proceedings.” The judge struck out RBC’s action, finding that it was in noncompliance with the law. However, he added that RBC was free to begin fresh proceedings once it adhered to the Act. The ruling is among the first occasions where a lender’s bid to realise its mortgage security was thwarted by the Homeowners Protection Act, which was passed by the Christie administration to make troubled borrowers more secure and less prone to sudden loss of their asset. The Act inserts the courts into the foreclosure and “power of sale” process,
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