AGP Executive Report
Last update: 10 hours agoRegional Infrastructure: Guyana expects to award the contract for a new Berbice River Bridge before year-end and hopes to schedule talks with Suriname on a proposed Corentyne River Bridge, a potential boost to cross-border links. Oil and Gas: SBM Offshore sees 16 FPSO opportunities over the next three years. Its GranMorgu project offshore Suriname remains on track for first oil in 2028, while work continues on a record-capacity FPSO design for Guyana’s Longtail project. Credit Outlook: S&P upgraded Suriname’s rating to B- from CCC+, citing higher gold revenues and expected offshore oil growth from 2028. The outlook is stable, though weak institutions and debt management remain risks. Trade and Shipping: IDB data show Caribbean exports rose 19.1% in the first half of 2026, with Guyana and Suriname leading the expansion. A new nine-day shipping service linking Trinidad, Guyana and Suriname aims to carry containers, heavy equipment and other cargo, but foreign-exchange shortages and port congestion are limiting growth.
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