The Port of Bridgetown has captured the 2020 Novaport Cup for Most Improved Port Performance, emerging the winner among nine regional competing ports.
The award was announced during the 23rd Annual General Meeting of the Port Management Association of the Caribbean (PMAC), held virtually this year,
on November 24 and 25, 2020.
Chief Executive Officer of Barbados Port Inc. (BPI) David Jean-Marie, in commenting on the award, said, “This accomplishment for us validates the progress we have made during the past year in effecting initiatives aimed at enhancing our performance and efficiency.
“We have been working closely with our partners to improve local logistics, as well as the experience of doing business at the Port as part of our commitment to trade facilitation enhancement.
“This award not only confirms our progress in these areas, but also certifies that we have made significant strides in improving productivity and management of resources to maximize revenues.
“Of course, none of this could have been achieved without our employees and we are especially proud and appreciative of the efforts they have extended over the past year,” the CEO said.
Each year, PMAC assesses port performance based on five Key Performance Indicators (KPIs): Total Cargo Volumes; Total Revenue Generated per Revenue Ton; Total Expenses per Revenue Ton; Net profit per Revenue Ton and Total Staff per Revenue Ton.
At the end of the process, PMAC announces the port achieving the best operational performance when compared to the previous year.
The Port of Bridgetown was outstanding in three of these KPIs.
BPI has previously won Novaport Cup awards in 2010, 2011, and 2015.
The Novaport Cup will be shipped from Florida to Barbados and will be kept for one year before being returned at the next PMAC Annual General Meeting. (PR)