The Triton


USVI forms marine economic development council


The formation of the Virgin Islands Marine Economic Development Council is poised to breathe new life into this U.S. territory’s maritime industries, which contributed as much as $100 million to the island’s economy in the 1980s.

What makes this council different from anything formed before or marine councils on other islands is that it was established by executive order by Virgin Islands Gov. John P. de Jongh Jr. Council membership is composed of a mix of private sector operators of marinas, charter yachts, fishing vessels, dive and tour boats, manufacturers and service operators; high-ranking delegates from several governmental departments that oversee and regulate the island’s marine industry; and a specially appointed marine advisor to coordinate follow-up and follow-through.

“I think the most important point is that we are not just a community group reacting to legislation or hoping to influence lawmakers,” said Kelly Kiernan, director/in-house broker at Flagship Charter Yacht Services and a council member. “We are marine stakeholders and government officials working together at the policymaking level to create a sustainable marine economy for this territory.”

A series of economic and natural disasters over the past two decades, culminating in last year’s closure of the Hovensa oil refinery on St. Croix and the loss of nearly 2,500 jobs and more than $100 million in tax revenues opened the door for other sectors of the V.I. economy to step up. The council had its first meeting in early July.

The council identified areas that need improvement for marine-related businesses to grow. For example, in Christiansted, St. Croix, there is a need for repairs to the commercial wharf bulkhead to improve marine access and vessel repairs.

Manufacturers would benefit from more clear explanation of the excise tax exemption for marine items. The racing and recreational boating sector needs maintenance on moorings and a restructured mooring plan for the territory, along with an understanding of the impact that excessive wake has in certain anchorages.

“Issues in which megayachts will specifically benefit include improved access via public docks and waterfront bulkheads, parking for crew and guests, and a better appreciation from the local government and community of the direct economic benefit that all maritime industries have on the Virgin Islands economy,” said Colette Conroy Monroe, policy adviser for the governor’s office and a council member.

An additional issue which would benefit non-U.S. crew is a Virgin Islands visa waiver. This has been introduced by U.S. Sen. Ron Wyden (D-Oregon) on behalf of the territory as an amendment authorizing a V.I. special visa waiver program to the Senate Immigration Bill. Similar programs are in the works for the U.S. territories of Guam and the Northern Marianas.

“The V.I. Marine Economic Development Council will give us a proper forum to discuss the practicalities that might necessitate change, give much needed perspective to both sides of the discussion, and allow us to all contribute to decision-making that will make our marine economy prosper,” said Paige Passano, manager of the St. Thomas location of Budget Marine. “The marine portion of our economy is vitally important, and it is refreshing that our governor has had the wisdom to take this step to foster its growth.”

Carol Bareuther is a freelance writer in St. Thomas. Comments on this story are welcome at


Related Posts...
About 105,000 buyers, sellers and browsers visited the Fort Lauderdale Read more...
Crow’s Nest Yachts brokerage, based along San Diego’s Shelter Island, Read more...
Online registration for the 2018 Refit International Exhibition & Conference Read more...
Finnish foundry Tevo Lokomo Ltd. has joined forces with a Read more...
By Dorie Cox No matter how often immigration, cruising permit Read more...

Share This Post

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

Editor’s Picks

USVI Charter Yacht Show previews season, post-hurricane cruising grounds

USVI Charter Yacht Show previews season, post-hurricane cruising grounds

By Carol Bareuther It felt like business as usual at the USVI Charter Yacht Show, hosted by the newly formed Virgin Islands Professional …

Gallery: Triton Networking at Longbow Marine

Gallery: Triton Networking at Longbow Marine

Nearly 300 captains, crew and industry pros joined us last night for Triton Networking at chandlery Longbow Marine in Fort Lauderdale. Low …

Latest news in the brokerage fleet: Casino Royale, Man of Steel sell

Latest news in the brokerage fleet: Casino Royale, Man of Steel sell

Yachts sold M/Y Casino Royale, a 163-foot (49.7m) Christensen built in 2008, sold by Northrop & Johnson brokers Joe Foggia, acting …

Sell the anchor, barter for a kayak, buy a drone with Yachting Trader app

Sell the anchor, barter for a kayak, buy a drone with Yachting Trader app

By Dorie Cox Capt. Ken Maff and his wife, Chief Stew Heidi Romero, have managed thousands of pounds of stuff during their careers on …

Featured Listings