ADVERTISEMENT
Caribbean Compass
  • Home
  • Cruising
  • Destinations
    • Anguilla
    • Antigua & Barbuda
      • Barbuda
    • Bahamas
    • Barbados
    • British Virgin Islands
      • Anagada
      • Jost Van Dyke
      • Norman Island
      • Virgin Gorda
    • Colombia
      • Santa Marta
    • Dominica
    • Dominican Republic
    • Grenada
      • Carriacou
    • Puerto Rico
    • St. Barts
    • St. Lucia
    • Sint Maarten & St. Martin
    • St. Vincent & Grenadines
      • Bequia
      • Canouan
      • Mayreau
      • Union Island
    • Trinidad & Tobago
    • U.S. Virgin Islands
      • St. John
      • St. Thomas
      • St. Croix
    • All Other Islands
      • Guadeloupe
      • Martinique
      • Montserrat
      • Nevis
      • Panama
      • St. Kitts
  • Events Calendar
  • Regattas & Rallies
    SVG Sailors Doublehand at Summer Games

    Dasent, Weinhardt Vault onto World Stage

    SVG Sailors Doublehand at Summer Games

    SVG Sailors Doublehand at Summer Games

    SVG Sailors Doublehand at Summer Games

    SVG Youth Sailing Champions Named at Calliaqua Bay

    St. Martin / St. Maarten (SXM): Sailing + Lifestyle

    Antigua and Barbuda Yachting and Marine Association Unveils Action-Packed 2026–27 Sailing Calendar

    The Caribbean in Focus: Winners Coming Soon

    Historic Fleet of Boats Given New Life for Grenadine Communities

    Change Is in the Wind for St. Thomas International Regatta

    Aruba Regatta Brings Community Together

    Change Is in the Wind for St. Thomas International Regatta

    Change Is in the Wind for St. Thomas International Regatta

    Change Is in the Wind for St. Thomas International Regatta

    Regatta Celebrating Antigua Held in England

    Registration Opens for the 2027 BVI Spring Regatta & Sailing Festival

    Registration Opens for the 2027 BVI Spring Regatta & Sailing Festival

  • JOIN NEWSLETTER!
No Result
View All Result
  • Home
  • Cruising
  • Destinations
    • Anguilla
    • Antigua & Barbuda
      • Barbuda
    • Bahamas
    • Barbados
    • British Virgin Islands
      • Anagada
      • Jost Van Dyke
      • Norman Island
      • Virgin Gorda
    • Colombia
      • Santa Marta
    • Dominica
    • Dominican Republic
    • Grenada
      • Carriacou
    • Puerto Rico
    • St. Barts
    • St. Lucia
    • Sint Maarten & St. Martin
    • St. Vincent & Grenadines
      • Bequia
      • Canouan
      • Mayreau
      • Union Island
    • Trinidad & Tobago
    • U.S. Virgin Islands
      • St. John
      • St. Thomas
      • St. Croix
    • All Other Islands
      • Guadeloupe
      • Martinique
      • Montserrat
      • Nevis
      • Panama
      • St. Kitts
  • Events Calendar
  • Regattas & Rallies
    SVG Sailors Doublehand at Summer Games

    Dasent, Weinhardt Vault onto World Stage

    SVG Sailors Doublehand at Summer Games

    SVG Sailors Doublehand at Summer Games

    SVG Sailors Doublehand at Summer Games

    SVG Youth Sailing Champions Named at Calliaqua Bay

    St. Martin / St. Maarten (SXM): Sailing + Lifestyle

    Antigua and Barbuda Yachting and Marine Association Unveils Action-Packed 2026–27 Sailing Calendar

    The Caribbean in Focus: Winners Coming Soon

    Historic Fleet of Boats Given New Life for Grenadine Communities

    Change Is in the Wind for St. Thomas International Regatta

    Aruba Regatta Brings Community Together

    Change Is in the Wind for St. Thomas International Regatta

    Change Is in the Wind for St. Thomas International Regatta

    Change Is in the Wind for St. Thomas International Regatta

    Regatta Celebrating Antigua Held in England

    Registration Opens for the 2027 BVI Spring Regatta & Sailing Festival

    Registration Opens for the 2027 BVI Spring Regatta & Sailing Festival

  • JOIN NEWSLETTER!
No Result
View All Result
Caribbean Compass
No Result
View All Result
Home Magazine
CHEV CHARLES (COURTESY CHEVANEV CHARLES)

CHEV CHARLES (COURTESY CHEVANEV CHARLES)

ON MY MIND: The Caribbean’s Next Great Economic Opportunity

Caribbean Compass by Caribbean Compass
September 26, 2026
in Magazine
Reading Time: 4 mins read
A A

By Chevanev Charles, Esq.  

Imagine you are anchored 100 nautical miles off the coast of a Caribbean island. No storms on the horizon, the sun is almost in twilight, and your fishing line makes a clear sound as it disappears in the blue water.  Beneath your boat lies an unseen and surprisingly complex frontier. There are no fences, no buoys, no signs — but there are invisible legal boundaries that determine who owns the fish below you, the minerals beneath the seabed, and perhaps even billions of dollars’ worth of oil and natural gas.

What if those unseen waters hold the Caribbean’s next great economic opportunity?

The Caribbean may be entering a new era of maritime diplomacy. In October 2025, Grenada proposed to establish a trilateral commission with St. Vincent and the Grenadines (SVG) and Venezuela to delimit their shared maritime boundaries. This signals an opportunity to bring certainty to one of the region’s last undefined maritime frontiers and potentially unlock significant economic opportunities.

The proposal follows Grenada’s successful maritime delimitation with Trinidad and Tobago between 2010 and 2012. Prime Minister Dickon Mitchell invited both then President Nicolás Maduro and then Prime Minister Dr. Ralph Gonsalves to formalize the process. With new leadership now in both SVG with Prime Minister Hon. Dr. Godwin Friday and Venezuela’s acting President Delcy Rodríguez, the proposal deserves renewed attention.

For SVG, a successful delimitation process would provide an opportunity to establish an offshore licensing grid, acquire modern geophysical data, and, where commercially justified, invite competitive bids for petroleum exploration licenses. Such a framework could attract investment in the millions, strengthen marine resource governance, and position the country to benefit should commercially viable hydrocarbon resources be discovered.

The proposed commission would consist of three representatives from each country and an independent chair from a neutral state, providing a structured and impartial forum for negotiations. Under the United Nations Convention on the Law of the Sea (UNCLOS), coastal states are entitled to maritime zones extending up to 200 nautical miles, including an Exclusive Economic Zone (EEZ), where they enjoy sovereign rights to explore and exploit marine resources such as fisheries, minerals, oil and natural gas.

Although SVG declared its archipelagic status under the Maritime Areas Act and has concluded maritime boundary agreements with Barbados (2015) and St. Lucia (2017), important boundaries with Grenada, Venezuela and Trinidad and Tobago remain unresolved.

This uncertainty limits SVG’s ability to confidently offer offshore exploration blocks, attract long-term investment, and fully develop marine industries.

Section 17 of the Maritime Areas Act provides that, until a formal delimitation agreement is reached, SVG’s offshore areas extend to the equidistance line between its archipelagic baselines and those of neighbouring states. While this provides a temporary legal framework, differing interpretations of the equidistance principle can become contentious where valuable marine resources are involved.

Traditionally, Caribbean maritime boundaries have been negotiated bilaterally. A trilateral approach offers several advantages:

  1. Efficiency: A single process can resolve multiple overlapping claims while reducing duplication.
  • Transparency: An independent chair enhances confidence in the negotiations.
  • Regional Cooperation: It demonstrates that Caribbean states can peacefully resolve maritime issues under the UNCLOS Treaty.

The importance of clearly defined maritime boundaries is illustrated by the dispute between Ghana and Côte d’Ivoire. Their disagreement over offshore oil and gas resources ultimately required adjudication before the International Tribunal for the Law of the Sea, which established an equitable maritime boundary in 2017. While the circumstances differ, the case demonstrates how unresolved maritime boundaries can delay investment and increase regional tensions.

To capitalize on Grenada’s initiative, SVG should:

  1. Appoint a multidisciplinary maritime delegation with expertise in international law, marine science and diplomacy.
  • Update hydrographic and legal studies to accurately assess baseline coordinates, overlapping claims and resource potential.
  • Coordinate national stakeholders, including the Ministries responsible for Foreign Affairs, Legal Affairs, Fisheries and Maritime Administration/Affairs.
  • Seek technical support from Commonwealth Secretariat, Oceans and Natural Resources (ONR), UN Division for Ocean Affairs and the Law of the Sea (DOALOS), UK Hydrographic office, CARICOM and the OECS, all of which possess valuable experience in maritime boundary negotiations.
  • Review the Maritime Areas Act to ensure it reflects current international maritime law and accommodates modern approaches to offshore resource management.

Maritime boundaries are more than lines on a map. They define the extent of a nation’s sovereign rights, provide certainty for investors, strengthen environmental stewardship, and reduce the risk of future disputes.

Grenada’s invitation presents SVG with an opportunity to resolve longstanding maritime questions through cooperation rather than legal conflict. It is an opportunity that deserves careful consideration not simply because of what may lie beneath the seabed, but because legal certainty at sea strengthens national sovereignty and creates the foundation for future economic development.

Chevanev Charles, Esq. is a UK-trained Vincentian lawyer with a master’s degree in international maritime law. He’s qualified to practice law in St. Vincent and the Grenadines, St. Lucia, Grenada and New York. Reach him at ccharles@templestoke.com.

Tags: SVG
Previous Post

SVG Youth Sailing Champions Named at Calliaqua Bay

Next Post

It’s a Marvelous Night for a Moondance

Recommended For You

Caribbean Compass – October 2026

by Caribbean Compass
September 27, 2026
0
French West Indies Charter: Culture + Sailing

🌊 This month we present the 30th Caribbean Dinghy Championship in St. Maarten, the role of A.I. in an offshore emergency (part two), an engrossing fictional tale of...

Read moreDetails

Caribbean Compass – September 2026

by Caribbean Compass
September 27, 2026
0
Island Spotlight: Mustique

🌊 The September 2026 edition of Caribbean Compass is here! This month, we take you soaring over St. George’s Harbour in Grenada and beneath the surface of the water...

Read moreDetails

Caribbean Compass – August 2026

by Caribbean Compass
September 1, 2026
0
Caribbean Compass – August 2026

🌊 It’s August 2026 and the big news at Caribbean Compass is the return of the photo contest with our partners at Environmental Protection in the Caribbean (EPIC)! We...

Read moreDetails

Caribbean Compass – July 2026

by Caribbean Compass
August 11, 2026
0
Island Spotlight: Tobago

🌊 Sailing for All! The July 2026 issue of Caribbean Compass celebrates the people, places, and stories that give the region its unmistakable character. In Antigua, Ian Stalker...

Read moreDetails

Caribbean Compass – June 2026

by Caribbean Compass
July 1, 2026
0
Island Spotlight: Marie-Galante

☀️🌊 Summer Fun, Sailing Adventures, and a Love Affair with Rum! 🍹 The June edition of Caribbean Compass is here, bringing readers a perfect blend of island culture,...

Read moreDetails
Next Post
It’s a Marvelous Night for a Moondance

It’s a Marvelous Night for a Moondance

How to Advertise in Caribbean Compass

Compass Marketing Services

How To Submit an Article

About Us

Issue Archive

Newsletter Archive

Where to Find Compass in Print

Article Archive

Privacy Policy

Categories

  • Airlines
  • Beach Bars
  • Beaches
  • Book Reviews
  • Business
  • Carnivals
  • Cruising
  • Destinations
  • Diving
  • Eco News
  • Events
  • Geography
  • History
  • Hotels
  • Hurricanes
  • Island Spotlight
  • Magazine
  • Marinas & Boatyards
  • Navigation
  • News
  • On Shore
  • Reader's Forum
  • Recipes
  • Regattas & Rallies
  • Resorts
  • Restaurants
  • Rum
  • Sea Life
  • Tributes
  • Uncategorized
  • Weather
  • Wildlife
  • Yacht Charter
  • Yacht Services
Join Our Newsletter

Caribbean Marine Weather Resources

Caribbean Events Calendar

Reader's Forum

Center of Effort - Letter from the Editor

RECENT POSTS

  • St. Thomas International Regatta, Three Sheets Regatta & Rally and Virgin Islands Boating Expo join forces to Debut USVI Sailing Week April 8–11, 2027 October 4, 2026
  • AnuBlue Marks Record Year for Coral Restoration in Antigua & Barbuda September 27, 2026
  • Caribbean Compass – October 2026 September 27, 2026
  • Island Spotlight: The Saintes September 26, 2026
  • Book Excerpt: Soggy Dollar Daze: Our Decade of Owning a Famous Piece of Paradise. Part 2 September 26, 2026

© 2026 Caribbean Compass

No Result
View All Result
  • Home
  • Cruising
  • Destinations
    • Anguilla
    • Antigua & Barbuda
      • Barbuda
    • Bahamas
    • Barbados
    • British Virgin Islands
      • Anagada
      • Jost Van Dyke
      • Norman Island
      • Virgin Gorda
    • Colombia
      • Santa Marta
    • Dominica
    • Dominican Republic
    • Grenada
      • Carriacou
    • Puerto Rico
    • St. Barts
    • St. Lucia
    • Sint Maarten & St. Martin
    • St. Vincent & Grenadines
      • Bequia
      • Canouan
      • Mayreau
      • Union Island
    • Trinidad & Tobago
    • U.S. Virgin Islands
      • St. John
      • St. Thomas
      • St. Croix
    • All Other Islands
      • Guadeloupe
      • Martinique
      • Montserrat
      • Nevis
      • Panama
      • St. Kitts
  • Events Calendar
  • Regattas & Rallies
  • JOIN NEWSLETTER!

© 2026 Caribbean Compass