Consolidated Water
Consolidated Water Co. Ltd., the Cayman Islands-based water production company that has a stake in Ocean Conversion (BVI) Ltd., announced that its second quarter revenues increased 17 percent over last year. Consolidated Water attributed the $2.1 million revenue increase mostly to inflation-related increases in the rates it charges to customers for water. According to an Aug. 9 press release from Consolidated Water, the company’s service revenues and the volume of water it produced also rose over last year, factors that helped produce an 87 percent rise in net income. Additionally, the company’s “other income” tripled in the second quarter, to $741,682, due mainly to a payment from the Virgin Islands government related to a 2009 court ruling over the ownership of the Baughers Bay desalination plant.
Scrub Island
The owners of Scrub Island Resort signed a franchise agreement with Marriot International for the resort to become part of the hotel chain’s Autograph Collection, a brand of luxury resorts, company officials said. According to a press release from Marriot International, the Autograph Collection includes 20 properties in the United States and Europe, and the company plans to double that number by the end of the year.
Sunsail
Yacht charter operator Sunsail and Sail magazine will be hosting a new sailing vacation programme in December in VI waters, company officials said. The weeklong “Adventure Water Sports Flotilla” will begin Dec. 9 and will feature a flotilla of yachts led by Chris Musseler, a host for the magazine, according to a Sunsail press release.