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Grand Bahama Port Authority
The Grand Bahama Port Authority ( GBPA or "Port Authority") is a privately held corporation that also acts as the municipal authority for Freeport, Grand Bahama Island, The Bahamas. The GBPA was created by the Hawksbill Creek Agreement. The GBPA is horizontally integrated with property development, municipal services, airport (world's largest privately owned airport) harbour operations, and shipyard concerns. Ownership Structure The GBPA partners with Hutchison Whampoa on the container port (through Hutchison Port Holdings) and resort area at Lucaya Lucaya is a suburb of Freeport, Bahamas, a city on the island of Grand Bahama, approximately 105 mi (160 km) east-northeast of Fort Lauderdale, Florida. Lucaya's primary industry is tourism. Major hotels and attractions in the resort .... The Grand Bahama Port Authority is jointly owned by the Hayward and St. George families. References External linksThe Grand Bahama Development Company Freeport, Bahamas Port au ...
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Freeport Harbor
Freeport, a variant of free port, may refer to: Places United States *Freeport, California *Freeport, Florida *Freeport, Illinois *Freeport, Indiana *Freeport, Iowa *Freeport, Kansas *Freeport, Maine, a New England town ** Freeport (CDP), Maine, the main village in the town *Freeport, Michigan * Freeport, Minnesota *Freeport, New York *Freeport, Ohio *Freeport, Pennsylvania *Freeport, Texas *Freeport, West Virginia Elsewhere *Freeport, Bahamas *Freeport, Nova Scotia, Canada *Freeport Tortuga, Haiti *Freeport, Trinidad and Tobago Railway stations *Freeport (LIRR station), a Long Island Railroad Station in Freeport, New York, U.S.A. *Braintree Freeport railway station, a railway station in Braintree, Essex, England *Freeport station (Illinois), a proposed railway station in Freeport, Illinois, U.S.A. *Freeport station (Maine), an Amtrak station in Freeport, Maine, U.S.A. Arts, entertainment, and media * Freeport, name of several space stations in the video game ''Freelancer'' (2003) ...
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Corporation
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most att ...
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Municipal
A municipality is usually a single administrative division having corporate status and powers of self-government or jurisdiction as granted by national and regional laws to which it is subordinate. The term ''municipality'' may also mean the governing body of a given municipality. A municipality is a general-purpose administrative subdivision, as opposed to a special-purpose district. The term is derived from French and Latin . The English word ''municipality'' derives from the Latin social contract (derived from a word meaning "duty holders"), referring to the Latin communities that supplied Rome with troops in exchange for their own incorporation into the Roman state (granting Roman citizenship to the inhabitants) while permitting the communities to retain their own local governments (a limited autonomy). A municipality can be any political jurisdiction, from a sovereign state such as the Principality of Monaco, to a small village such as West Hampton Dunes, New York. The ...
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Freeport, Bahamas
Freeport is a city, district and free trade zone on the island of Grand Bahama of the northwest Bahamas. In 1955, Wallace Groves, a Virginian financier with lumber interests in Grand Bahama, was granted of pineyard with substantial areas of swamp and scrubland by the Bahamian government with a mandate to economically develop the area. Freeport has grown to become the second most populous city in the Bahamas. The main airport serving the city is the Grand Bahama International Airport, which receives domestic flights from various islands of the Bahamas as well as several international flights from the United States and Canada. Freeport is also served by domestic Bahamian ferry services to other islands. The Grand Bahama Port Authority (GBPA) operates the free trade zone, under the Hawksbill Creek Agreement signed in August 1955 whereby the Bahamian government agreed that businesses in the Freeport area would pay no taxes before 1980, later extended to 2054. The area of the land ...
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Grand Bahama
Grand Bahama is the northernmost of the islands of the Bahamas, with the town of West End located east of Palm Beach, Florida. It is the third largest island in the Bahamas island chain of approximately 700 islands and 2,400 cays. The island is roughly in area and approximately long west to east and at its widest point north to south. Administratively, the island consists of the Freeport Bonded Area and the districts of East Grand Bahama and West Grand Bahama. Nearly half of the homes on the island were damaged or destroyed in early September 2019 by Hurricane Dorian. Climate Grand Bahama Island has a tropical monsoon climate, with a hot and wet season from May through October, and warm and dry season from November through April. In Freeport the summer high temperatures average , with average lows of . During the winter, the average high temperature is , and the average low is . The rainy season in the Bahamas is from May to October. The hurricane season runs from June t ...
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The Bahamas
The Bahamas (), officially the Commonwealth of The Bahamas, is an island country within the Lucayan Archipelago of the West Indies in the Atlantic Ocean, North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to 88% of the archipelago's population. The archipelagic state consists of more than 3,000 islands, cays, and islets in the Atlantic Ocean, and is located north of Cuba and northwest of the island of Hispaniola (split between the Dominican Republic and Haiti) and the Turks and Caicos Islands, southeast of the U.S. state of Florida, and east of the Florida Keys. The capital is Nassau, Bahamas, Nassau on the island of New Providence. The Royal Bahamas Defence Force describes The Bahamas' territory as encompassing of ocean space. The Bahama Islands were inhabited by the Lucayan people, Lucayans, a branch of the Arawakan-Taino language, speaking Taíno, for many centuries. Christopher Columbus was the first European to see the islands, making hi ...
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Hawksbill Creek Agreement
{{Refimprove, date=September 2009 The Hawksbill Creek Agreement named in honour of the Hawksbill Sea Turtle was an agreement signed in 1955 between the government of the Bahamas and Wallace Groves to establish a city and free trade zone on Grand Bahama Island with an aim of spurring economic development in the area. Groves was granted 50,000 acres (200 km²) of land with an option of adding 50,000 acres (200 km²). The Grand Bahama Port Authority was created to develop and administer the land and thus the city of Freeport was planned and built from scratch. To encourage investment, the agreement allowed the port authority not to pay taxes on income, capital gains, real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ..., and private property until 1985—a provision ...
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Hutchison Whampoa
Hutchison Whampoa Limited (HWL) was an investment holding company based in Hong Kong. It was a Fortune Global 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL was an international corporation with a diverse array of holdings which included the world's biggest port, and telecommunication operations in 14 countries that were run under the 3 brand. Its businesses also included retail, property development and infrastructure. It was 49.97% owned by the Cheung Kong Group until 3 June 2015, when the company merged with the Cheung Kong Group as part of a major reorganisation of the group's businesses. The combined business was renamed CK Hutchison Holdings Limited. History Hutchison Whampoa originated as two separate companies, both founded in the 19th century. and ''Hutchison International'' was formed in 1877. In the 1960s, Hutchison International – under Colonel Sir Douglas Clague (1917–1981) – gained a controlling interest of Hon ...
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Hutchison Port Holdings
Hutchison Port Holdings Limited (HPH; ), trading as Hutchison Ports (), is a private holding company incorporated in the British Virgin Islands. The port operator group is a subsidiary of CK Hutchison Holdings (formerly Hutchison Whampoa). Some operation of the company were listed as Hutchison Port Holdings Trust in Singapore Exchange. In 2016, the network comprised 48 port operations throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia. History In 2005, HPH was the largest port operator in the world, with a 33.2 million TEU throughput, and 8.3% world market share. In April 2006, Hutchison Whampoa sold a 20% share of Hutchison Port Holdings Limited to PSA International for $US4.4 billion, retaining ownership of the remaining 80%. In 2011, some of the assets was spin-off as a listed company as ; the listed company was incorporated as a business trust under Singapore's Business Trusts Act. In September 2016, HPH rebranded its network as Hutchison Ports ...
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Lucaya
Lucaya is a suburb of Freeport, Bahamas, a city on the island of Grand Bahama, approximately 105 mi (160 km) east-northeast of Fort Lauderdale, Florida. Lucaya's primary industry is tourism. Major hotels and attractions in the resort are thOur Lucayaresort, which includes both The Radisson and Reef Village properties, Pelican Bay Hotel and the UNEXSO (UNderwater EXplorers SOciety) dive charter operation. UNEXSO was the first destination dive charter business in the world and now features a dolphinarium as well as a variety of SCUBA diving charters including shark feeding dives. Port Lucaya is a popular spring break destination with the socializing centering on Count Basie Square. See also *Lucaya International School *Albert Tillman Gallery File:LucayaBeach.JPG, Lucaya beach File:PortLucayaBeach.jpg, Lucaya seashore File:Port Lucaya Marketplace Entrance.jpg, Port Lucaya Marketplace File:PortLucaya.jpg, Count Basie Square File:PortLucayaMarketplace.jpg, Shops File ...
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