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Prices fear


Prices fear

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BARBADIANS MAY have to pay more for a range of items following an increase in fees charged by the Barbados Port Inc. (BPI), says a business executive.

However, BPI chief executive officer David Jean Marie rejected the suggestion, stating that the increases were small – about $100 more for a 20-foot container – and this should not significantly impact costs.

The new BPI rates, which are projected to raise $5 million, came into effect on April 1. They include the stuffing or unstuffing of containers, handling containerised dry and cold storage products, and tonnage dues on breakbulk and bulk cargo.

The increase for these services ranges from 30 cents to $5 per tonne/box, and for 20-foot containers $50 to $95.

Please read the full story in today’s Daily Nation, or in the eNATION edition.