One Month After MV Barima Sank, Search Operations Have Ended, No Salvage Contractor Named, And Questions Remain

By NAN Staff Writer, NewsAmericas Now

News Americas, GEORGETOWN, Guyana, August 19, 2026: One month after the MV Barima capsized off the Essequibo coast on July 18, killing at least 73 people, the government’s active search for the 30 still missing has already ended, and despite an August 14th deadline for salvage bids, no contractor has been named to actually recover the vessel.

Search and recovery operations formally concluded on August 5th, less than three weeks after the sinking. Thirty people remain unaccounted for, while five recovered bodies still remain unidentified. For now what remains is a wreck sitting untouched in 13 to 15 meters of water, 28 nautical miles off Guyana’s coast, and a salvage process now five days past its own bidding deadline with nothing publicly resolved.

A deadline that’s come and gone

MARAD’s Expression of Interest window for salvage contractors closed August 14th. As of this week, no company has been publicly named with the Guyana President saying shortlisted companies will now be invited to submit financial proposals for the salvage of the vessel.

Opposition MP Mahipaul, who warned as early as August 3rd that “actual salvage operations are unlikely to begin until late August or even early September,” is still demanding that the government release basic information: the names of every company that submitted a bid, their proposed costs, and their technical approach. He called the delay itself “a cruel, insensitive, and entirely unacceptable delay” that risks destroying forensic evidence and prolonging grieving families’ anguish.

The pre-selection question MARAD never actually answered

The delay sits alongside an unresolved controversy over whether a contractor was effectively chosen before the public process even began. Kaieteur News reported that a Netherlands-headquartered firm, Koole Onshore and Koole Offshore (KMS), with a base in Suriname, submitted a 13-page proposal to raise the vessel dated July 28, five days before MARAD’s competitive bidding process officially opened on August 2. The leaked proposal reportedly stated KMS had been “invited by the Government of Guyana, through MARAD” to submit it.

MARAD issued two separate statements denying any company had been “selected.” But neither statement denied that KMS was approached beforehand, and MARAD never explained the five-day gap between the company’s dated proposal and the tender’s official opening. “MARAD wishes to clarify that no individual, company, or entity has been selected to undertake the salvaging of the MV Barima,” the department said in an August 7 statement, without naming KMS directly.

A month of unanswered questions, on more than one front

The stalled salvage process is only one thread in a month that’s raised repeated questions about the government’s handling of the disaster and its aftermath: an insurance admission that the vessel was uninsured, a $12.7 million replacement ferry that sat unused for three years, disputed millions in unresolved Exxon audit money, and now a salvage tender that missed its own deadline amid unresolved questions about whether the process was genuinely competitive from the start. Meanwhile on Tuesday, Guyana’s President Irfaan Ali said the anxiously awaited Commission of Inquiry (CoI) into the sinking of the MV Barima ferry will begin next month.

“In relation to the CoI, the team is in place. They have started looking at their procedures, settling their procedures, and working all their workplan, and from what I’m told in early September, the actual work would commence here on the ground,” he told a  news conference. The President also dismissed calls by multiple opposition parties, civil society activists and individuals for minister responsible for public ferries Juan Edghill and minister responsible for Maritime Administration (MARAD) Deodat Indar to be removed from office.

“I believe that if we honestly and fully want an independent analysis, a transparent analysis, then the CoI, having been established, provides that opportunity. That is why the independence of the CoI was critical and important to us. The CoI, having been established, will conduct its work, make its determination, its recommendation, and then we’ll take it from there. I will not prejudice any action save and except those that are essential in the period from now to the end of the CoI, which include looking at the safety,” he said.

For the families of the 30 still missing and the crew sitting in jail while their bosses remain free, the practical reality one month later hasn’t changed: the wreck remains where it sank, and no one has told them when that will change.

NewsAmericasNow will continue tracking the MV Barima salvage process and its outcome.

Bahamas Tourism Investment Pipeline Hits $3.5 Billion As Visitor Arrivals Reach Record High

By Nan Business Editor

News Americas, NEW YORK, NY, Thurs. August 20, 2026: The Bahamas is seeing a major surge in tourism investment, with approximately $3.5 billion in announced and active projects across cruise infrastructure, luxury resorts, and destination development, according to the latest Caribbean Economics Quarterly from the Inter-American Development Bank.

The pipeline includes about $1.5 billion in cruise infrastructure in Grand Bahama, a $200 million Royal Beach Club Paradise Island development, and more than $1.3 billion in luxury resort projects across Eleuthera, the Exumas and Abaco. The investment wave comes as The Bahamas records historic visitor numbers. Tourist arrivals reached 12.5 million in 2025, up 11.4% from 2024 and about 72% above the 2019 pre-pandemic peak. But the visitor mix remains heavily skewed toward cruise tourism.

Approximately 85% of all arrivals were cruise passengers, a segment that tends to generate lower per-visitor economic value than stopover tourism. Meanwhile, stopover arrivals fell 2.6% to 1.82 million in 2025, continuing a recent softening in higher-value overnight tourism. That contrast raises questions about how effectively the country’s growing tourism infrastructure can translate record visitor volumes into deeper local spending, stronger employment and higher economic returns.

Foreign direct investment prospects remain positive. The report cites expected net FDI inflows of approximately $209 million in 2026, $263 million in 2027 and an annual average of $339 million between 2028 and 2030. Several of the projects are already under construction or operational, supporting construction and employment even where visitor trends fluctuate. The Bahamas therefore enters the second half of the decade with one of the largest visible tourism investment pipelines in the Caribbean.

The scale of the investment pipeline also underscores how central tourism remains to The Bahamas’ wider economic outlook. Large resort and cruise infrastructure projects can generate activity well beyond the properties themselves, creating demand across construction, transportation, food and beverage, professional services, entertainment and other tourism-linked businesses.

But the divergence between cruise and stopover arrivals will be important to watch. Record headline visitor numbers do not necessarily translate into equivalent increases in tourism receipts or domestic economic activity. Stopover visitors generally require accommodation and tend to spend across a wider range of local services, while cruise visitors spend less time in the destination.

The challenge for The Bahamas will therefore be converting the current investment cycle and unprecedented visitor volumes into greater value retained within the economy. New tourism infrastructure that encourages longer stays, greater local purchasing, stronger linkages with Bahamian businesses and increased visitor spending could determine how broadly the benefits of the investment boom are ultimately distributed.

What The Investment Pipeline Could Mean For The Wider Economy

Beyond the headline tourism numbers, the scale of planned investment could have implications for economic activity across multiple sectors. Major hotel, resort and cruise infrastructure projects require construction services, building materials, transportation, professional services and workers during development, while completed properties create ongoing demand for suppliers, hospitality workers and local service providers.

The geographic spread of the projects is also significant. With major developments extending beyond Nassau and Paradise Island into Grand Bahama, Eleuthera, the Exumas and Abaco, the investment pipeline has the potential to distribute tourism-related economic activity across several islands rather than concentrating new development in the country’s traditional tourism center.

For policymakers and investors, however, the key measure will ultimately be the economic value created from that expansion. Continued investment combined with stronger stopover tourism, increased local procurement and greater participation by Bahamian businesses could help turn today’s multibillion-dollar construction and development pipeline into longer-term economic gains.

Read the full Invest Caribbean analysis on what the $3.5 billion Bahamas tourism pipeline means for investors and the wider economy.

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