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THE family of missing Jamaican nurse Kerran Baker has been experiencing a whirlwind of emotions since last Tuesday when The Royal Cayman Islands Police Service classified her disappearance last year a homicide.

The Cayman Compass last week reported the updated status of the missing Jamaican nurse, quoting a statement issued by the police there.

According to the Cayman Compass, the police came to the conclusion that Baker was murdered based on the circumstances surrounding her disappearance last July and evidence unearthed by investigators.

Reacting to the news, Bakers stepfather Wilmot Anthony told the Observer, with despair in his voice, that on the one hand the family feels that the status would lead to the arrest of the main suspect.

But on the other hand, he said that the declaration confirmed the familys worst nightmare: That their loved one will not be returning.

More in tomorrows Daily Observer

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Cayman Islands police end search for missing Briton

Originally posted here:
Family distraught after J’can nurse’s disappearance ruled homicide

The search for a British man who went missing in the Cayman Islands more than two weeks ago has been called off.

Nathan Clarke, 30, from Cheltenham, Gloucestershire, was last seen on February 25 on Grand Cayman.

The Royal Cayman Islands Police Service said that only Mr Clarke's phone, which was recovered at sea, has been found since he went missing.

Chief Inspector Richard Barrow, who was leading the inquiry, said: "We have completely exhausted the search areas at land and at sea, but unfortunately we have not been able to find Nathan."

Police said that although the land and sea searches have been called off, investigations into his disappearance were still "very active".

Hundreds of volunteers worked alongside police officers in the hunt for Mr Clarke - with more than 500 helping on one day.

Mr Clarke, who was working on the Caribbean holiday island as a teaching assistant, was last seen walking towards the water's edge near Calico Jack's beach bar on West Bay Road on the Caribbean island wearing swimming shorts.

Mr Barrow said: "I would like to thank all of the volunteers who came out day after day and tirelessly assisted our officers during the searches.

"I know that Nathan's parents, his brother and sister, his fiancee Lisa and her parents are also very grateful to all those who have helped and shown support during this difficult time.

"Although the land and sea searches have been called off, officers stress that the investigation into what happened to Nathan is still very active and appeal for people on the island to remain vigilant and to report immediately any information that may assist police with their inquiries.

See original here:
Search for Briton missing in the cayman Islands halted

12 March 2012 Last updated at 15:38 ET

The search for a British man who went missing in the Cayman Islands has been called off.

Nathan Clarke, 30, from Cheltenham, was last seen on 25 February on Grand Cayman. His phone was found in the sea.

The Royal Cayman Islands Police Service said only has phone has been found since he went missing 16 days ago.

Ch Insp Richard Barrow said: "We have completely exhausted the search areas at land and at sea, but unfortunately we have not been able to find Nathan."

Police say although the land and sea searches have been called off investigations into his disappearance were still "very active".

Hundreds of volunteers worked alongside police officers in the hunt for Mr Clarke - with 527 helping on one day.

He was last seen near Calico Jack's beach bar on West Bay Road on the Caribbean island wearing swimming shorts.

Ch Insp Barrow added: "I would like to thank all of the volunteers who came out day after day and tirelessly assisted our officers during the searches.

"I know that Nathan's parents, his brother and sister, his fiancee Lisa and her parents are also very grateful to all those who have helped and shown support during this difficult time."

See the original post:
Cayman missing hunt man hunt ends

GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS--(Marketwire -03/09/12)- Consolidated Water Co. Ltd. (NASDAQ: CWCO - News), which develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or nonexistent, today announced that it has scheduled an investor conference call for 11:00 a.m. Eastern Time (EDT) on Friday, March 16, 2012, to review the Company's operating results for the year ended December 31, 2011, along with other relevant topics of interest.

Shareholders and other interested parties may participate in the conference call by dialing 877-317-6789 (international/local participants dial 412-317-6789) and requesting participation in the "Consolidated Water Co. Ltd. Conference Call" a few minutes before 11:00 a.m. EDT on Friday, March 16, 2012.

A replay of the conference call will be available one hour after the call through Monday, March 26, 2012 at 9:00 a.m. EDT by dialing 877-344-7529 (international/local participants dial 412-317-0088) and entering the conference ID# 10011339 and on the Company's website at http://www.cwco.com through March 26, 2012.

CWCO-E

About Consolidated Water Co. Ltd.

Consolidated Water Co. Ltd. develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or nonexistent. The Company operates water production and/or distribution facilities in the Cayman Islands, Belize, the British Virgin Islands, and The Commonwealth of The Bahamas.

Consolidated Water Co. Ltd. is headquartered in George Town, Grand Cayman, in the Cayman Islands. The Company's ordinary (common) shares are traded on the NASDAQ Global Select Market under the symbol "CWCO". Additional information on the Company is available on its website at http://www.cwco.com

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Consolidated Water Co. Ltd. to Host 2011 Operating Results Conference Call on Friday, March 16, 2012

SAO PAULO--(BUSINESS WIRE)--

Fitch Ratings expects to assign the following rating to the proposed issuance of notes by Schahin II Finance Company (SPV) Ltd. (the Issuer), a company setup in the Cayman Islands (Cayman):

--USD730 million senior secured notes, 'BBB-(EXP)'; Outlook Stable.

Fitch's expected rating addresses the likelihood of timely payment of interest on a semi-annual basis and the ultimate payment of principal by legal final maturity in September 2023. This expected rating does not incorporate Fitch's full legal analysis as this process is currently ongoing.

The notes are backed by the flows related to the charter agreement signed with Petroleo Brasileiro S.A. (Petrobras) for the use of the dynamically positioned ultradeepwater drillship called 'Sertao' for the term of 10 years. Schahin Petroleo e Gas S.A. (Schahin P&G), oil and gas arm of Brazilian-based Schahin Group (Schahin), is the operator of the drillship and primary sponsor of the transaction. The Sertao vessel is the seventh oil rig expected to become online within Schahin's fleet. The proceeds of the issuance will in large part be used to refinance a loan taken to pay the Samsung Heavy Industries Shipyard for construction of the vessel.

Deutsche Bank Trust Company Americas, as indenture trustee on behalf of the noteholders, will be assigned a collateral package that includes a pledge of the shares of Dleif Drilling LLC (Dleif), owner of the vessel, as well as a mortgage on the rig.

Fitch considered the following factors in its credit analysis: the strategic importance of the Brazilian oil and gas industry, Petrobras' role as off-taker to the charter agreement (Petrobras Issuer Default Rating [IDR] 'BBB'), the quality of Schahin P&G as sponsor of the transaction and operator of the rig, overall leverage and liquidity, and the structural protections in place, among other factors.

Asset quality analysis considered the strategic importance of the local oil and gas industry to the Federal Government of Brazil and Petrobras' investment plans. The industry is considered of extreme importance for the economic growth of the country and should provide a stable credit environment for companies operating in this segment. These consequently mitigate potential decreases to the market value of the Brazilian-operated vessels.

Construction of the vessel is complete. Sertao left the Samsung shipyard in Geoje, South Korea on Feb. 26, 2012. Samsung is a leading shipyard in the construction and development of drillships. The Sertao rig, and its sister rig Cerrado, are the 2nd and 3rd drillships of the 10,000E Design to be delivered by Samsung to be operated by Schahin (the Cerrado rig is being financed through another facility. Excess cash flows, or residual flows, of that facility have been assigned to the Issuer). The Vitoria drillship (not part of this transaction), also of the 10,000E Design, has been operating since March 2011, and shows adequate uptime levels. Schahin shows high historical uptime performance on its rig portfolio. Nonetheless, its non-investment grade credit profile may affect its ability to service and maintain the vessel as well as support the transaction financially if needed.

On a net debt basis, Fitch's adjusted valuation of the drillship indicates an initial loan-to-value (LTV) of 66% and an average LTV of 41.7% throughout the transaction's life. Cash flows from the Sertao agreements are expected to generate debt service coverage ratios (DSCRs) of 1.28 times (x) under a 95% base case uptime assumption. Reserves in the amount equivalent to USD70.8 million will be funded at closing, of which approximately USD23 million seek to mitigate acceptance and performance ramp-up risks and are released upon satisfactory uptime performance.

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Fitch Expects to Rate Schahin II Finance Company (SPV) Ltd. Notes 'BBB-(EXP)'; Outlook Stable