EconomyLocal NewsNews Barbados Port reduces container charges by Sandy Deane 05/02/2024 written by Sandy Deane 05/02/2024 1 min read A+A- Reset Share FacebookTwitterLinkedinWhatsappEmail 1.2K  Effective February 1, 2024, port-related container charges at the Port of Bridgetown were reduced by 7.5 per cent. This follows a 10 per cent reduction in costs announced in April 2023. Chief Executive Officer of Barbados Port Inc. (BPI), David Jean-Marie, in making the announcement, said the move is in keeping with efforts by the Government of Barbados to achieve a reduction in the cost of living. The overall 17.5 per cent reduction in the cost of imports at the Port coincides with BPI’s takeover of stevedoring operations and the elimination of associated costs. Figure 1. illustrates the 7.5 per cent reduction per Twenty-Foot Equivalent Unit (TEU) for three categories of imported and exported cargo. You Might Be Interested In Crystal Beckles-Holder, 2nd runner up in regional competition GUYANA: Body of child found after gold mine collapses Barbadians asked to help with return tickets for Haitians Customers may view the full list of revised rates as applicable, via our website www.barbadosport.com. Figure 1. Reduced Costs Per (TEU) of Imported and Exported Cargo (VAT Incl.)  20 ft Container (Dry) 20 ft Container (Refrigerated) 20 ft Container (Loaded Export) Port charges (prior to April 2023) $1,650.99 $1,719.14 $640.64 Port Charges (Effective April 2023) $1,488.73 $1,551.00 $630.98 Port Charges (Effective February 1, 2024) $1,377.08 $1,434.68 $583.66 (BPI) Sandy Deane You may also like 43-year-old woman dies in St Peter collision 14/01/2025 Police target ‘big fish’ in organised crime crackdown 14/01/2025 High-surf advisory remains in effect for Barbados 14/01/2025
