The destruction that engulfed many islands in the Caribbean ahead of the winter season as a result of Hurricanes Irma and Maria was one of the most devastating natural disasters the region has seen. Barbuda, Anguilla, the British Virgin Islands, Puerto Rico, the US Virgin Islands, St Barths and Sint Maarten were just some of the islands that were worst hit in September. Though international relief was swift and generous in many cases and a number of the islands are on a sure road to recovery, many of the islands are still struggling to return to normality.
As the memory fades for those who are not directly affected by the hurricanes, IGY Marinas are doing their bit to continue relief efforts with the establishment of the NYC Eastern Caribbean Relief Fund, created and funded by IGY and their parent company Island Capital Group. So far the charity has received contributions from several of IGY’s partners and investors, and recently selected five local charities in the Eastern Caribbean to receive the first round of donations totalling $125,000.
“In the aftermath of Hurricanes Irma and Maria, the humanitarian needs throughout the Eastern Caribbean are profound,” comments Tom Mukamal, Vice Chairman of the NYC Eastern Caribbean Relief Fund and CEO of IGY Marinas. “The NYC Eastern Caribbean Relief Fund Inc. has recognised the substantial need throughout the Caribbean Islands and is dedicated to raising funds to continue the support as much as we can. While the islands have made huge strides toward recovery, there is still much work that remains to be done. We are optimistic that in time, the spirit and resilience of the affected islands will prevail, and we hope that these funds will help them achieve that.”
It is no secret that a high number of Caribbean islands heavily rely on international tourism to support the local economy, and with many yachts opting to spend their winter vacations away from the usual yachting hotspots, it is increasingly important to continue the Caribbean conversation. The NYC Eastern Caribbean Relief Fund will continue with their goal of raising $5,000,000 to support and revitalise the area.
For more information or to make a donation to the hurricane relief fund, visit their site here.
The SuperYacht Times iQ 2018 Report
Our market report is the most complete in the business and provides in-depth analysis of the fleet by size range, the construction book, the market for new and used yachts for sale and the superyacht builders, as well as a detailed overview of superyacht ownership. It also gives the personal views of Merijn de Waard, company founder and long-term superyacht market analyst, on the state of the market.