The Board of Directors of the West Indian Company Limited convened for its regularly scheduled meeting, highlighting continued growth across the company’s cruise operations, financial stability, and ongoing investments in the future of the territory’s premier cruise port.
WICO President and CEO Joseph Boschulte reported a strong performance for Fiscal Year 2026, welcoming 302 cruise ship calls and 946,199 passengers through May 31. Looking ahead, the company recently released its Fiscal Year 2027 cruise schedule, which projects 362 vessel calls and approximately 1.2 million passengers, underscoring continued confidence in the U.S. Virgin Islands as a leading Caribbean cruise destination.
The Board also received updates on WICO’s ongoing engagement with regional tourism and cruise industry organizations, including the Caribbean Tourism Organization (CTO) and the Florida-Caribbean Cruise Association, as the company continues to strengthen its regional presence and industry partnerships.
On the financial front, the board was advised that WICO’s 2024 independent audit was completed with no major findings, reflecting the organization’s continued commitment to sound financial stewardship. Directors also received an update on the successful renewal of the company’s insurance coverage for the upcoming fiscal year.
In support of WICO’s long-term strategic vision, the Board reviewed progress on several key capital initiatives, including the release of Requests for Qualifications (RFQs) and Requests for Proposals (RFPs) for the development of more than 13 acres of upland property and upgrades to the company’s water distribution system. These projects represent important investments in modernizing infrastructure and enhancing future development opportunities.
Concluding the meeting, the Board of Directors unanimously approved WICO’s Fiscal Year 2027 operating budget, reaffirming its commitment to responsible fiscal management while advancing initiatives that support sustainable growth, operational excellence, and continued economic impact for the U.S. Virgin Islands.
