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Port Authority profit falls 23% to CI$3.4m as costs rise

Pension chief warns Cayman's plans are inadequate for most workers, while Dart commits to a STEM centre at Camana Bay.

By CaymanFreePress19 October 2026 · 1 min read

The Port Authority's 2025 profit fell 23% to CI$3.4 million as costs rose, according to the Cayman Independent, which reported that cruise arrivals were largely unchanged but still exceeded expectations for the year. Separately, the Health Insurance Commission tightened oversight as the insured population reached 84,689 at the end of 2025, with all eight approved insurers inspected during the year, the Cayman Independent reported.

Retirement provision drew the sharpest warning of the day. The Islands' public-sector pensions chief said Cayman's pension plans are "inadequate for most workers", including civil servants, the Cayman Compass reported. On the political front, Deputy Opposition Leader Kenneth Bryan said future attorneys general advising government and the governor should be Caymanian, per the Cayman Compass.

In corporate news, Dart will build a dedicated STEM education centre in Camana Bay, the first physical site for its Minds Inspired programme, according to the Cayman Independent. CUC chair Sheree Ebanks won the 2026 Woman in Energy Award, the Cayman Independent reported, and a Carey Olsen Cayman partner has joined the WSG Caribbean regional council, also reported by the same outlet. Enterprise Cayman is running a free workshop on obstacles to business growth, per the Cayman Independent.

On energy, the Cayman Compass examined how fuel shortages, hurricane recovery and power failures elsewhere in the Caribbean are accelerating solar adoption, noting Cayman remains heavily dependent on imported fossil fuels. George Town was ranked the 26th-best city in the world to live in by Swiss researcher Patrician, the Compass reported. Police have appealed for witnesses after a man suffered serious stab injuries at a Bodden Town bar, according to the Compass.

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The Cayman Business Brief is compiled each day from headlines published by Cayman news outlets and from press releases filed with CaymanFreePress. Drafting is AI-assisted. Each brief is held for review before it publishes, and anything found wrong afterwards is corrected or the brief withdrawn. Stories are credited and linked to the publication that reported them — follow the links for the original reporting.