Even prominent shipping companies like Frontline Limited are headquartered in Hamilton. The low corporate tax rates make it an attractive destination for many multinational corporations. The port city of Hamilton has a flourishing economy based on business and tourism. Public infrastructure improved, communications and transportation networks were forged and lands reclaimed.

With the discovery of a safe passage into the harbour by an officer turned captain of the British Royal Navy, Thomas Hurd, Hamilton overtook St George and emerged as the capital of Bermuda. Economic growth began with British attempts to convert Hamilton harbour into a major naval base. Hamilton grew into a major business and shipping hub in the early 1800s. They might relocate the cargo berths even though they bring considerable revenue. There have been demands to remove the islands which block the entrance, however, the authorities plan to use its docklands differently. The harbour is narrow at the edges, hence it cannot accommodate larger Panamax size carriers and new-generation maritime vessels. It is utilised for mooring pleasure crafts, fishing vessels and small passenger boats. The easternmost part of the port borders a mangrove bay and forms a triangular shape. Some prominent islands include the Hinson, Long and Hawkins while the White island is located inside the harbour itself. An inlet of the Great Sound, the harbour is dotted with numerous small islands which make navigation difficult. Port of HamiltonĪ natural and well-protected harbour, Hamilton is the premier port of Bermuda, lying south of the Spanish point, between the parishes of Pembroke and Paget. They cover almost 54 square kilometres of area and have a 103-kilometre-long coastline dotted with four major ports, the busiest being the Port of Hamilton. The islands are devoid of heavy industry and sufficient agricultural land, making them heavily dependent on food imports. The parliamentary democracy has a strong banking and services sector which contributes 80% to the GDP. Today, it is a popular cruise destination, visited by a million tourists annually. Later, the British spent enormous amounts of wealth on building shipping infrastructure and naval defences. Instead, a maritime economy emerged with the arrival of the British.īermuda became a stopping point for commercial ships, sailors and merchants. African slaves were shipped to Bermuda from the early 1600s to develop plantations however the attempts did not bear fruit. The island group is named after a Spanish adventurer called Juan de Bermudez who discovered the main island in 1505. They are positioned in the North Atlantic Ocean close to North Carolina, Havana and Puerto Rico. A British overseas territory, Bermuda consists of an archipelago comprising 181 islands.

Cargo ship goes down in bermuda