Beautiful Virgin Islands

Monday, Sep 01, 2025

Former Ports boss predicts 6% price increase on consumer goods

Former Ports boss predicts 6% price increase on consumer goods

With a fraction of the recent Port fee increases now in force, local consumers are likely to see an increase of more than five percent in the price of goods on store shelves.

This is according to the former Acting Deputy Managing Director at the BVI Ports Authority (BVIPA), Akeem Pickering.

“Whatever price you were paying on the shelf is going to go up by about six percent,” Pickering said.

This means the BVI’s inflation on consumer goods have at least quadrupled when compared to the average 1.4 percent inflation the Central Statistics Office recorded in the BVI back in 2019.

Pickering, who served in the aforementioned post for more than a year, said the previous NDP government had an opportunity to raise Port fees in the aftermath of hurricanes Irma and Maria but chose not to do so.

He further explained that the Customs duty was waived on many items at that time and this allowed the territory’s economy to bounce back much faster than expected.

Massive increases


Following weeks of backlash from residents regarding the fee hikes at the BVIPA, the government announced that it was rolling back the majority of its increased fees that were scheduled to take effect May 2021.

Wharfage, container landing fees, and storage charges are reportedly among the increases that remained after the government promised these solutions.

Wharfage fees and container landing fees, Pickering explained, went up by one hundred percent in each instance, while container storage fees have gone up by as much as 125%.

According to the former Deputy Ports head, previously, there was a waiver on storage fees for some persons who faultlessly held goods at the Ports beyond the expressed grace period.

He said customers at the Ports are now complaining that this discretion is no longer extended, citing an additional burden with the current fee increases.

“If your goods are there past a certain time, you are going to pay storage [fees],” Pickering insisted while questioning whether multi-agency approaches towards assisting business owners and other stakeholders have come to an end.

Critical cog


Commenting on the increases, Opposition Leader Marlon Penn said: “Government’s responsibility is to provide a service for the public, we should not try to create additional hardship for the consumers [and] the businesses who traverse the Ports on a daily basis.”

Penn observed that the Ports are a linchpin in commerce in the BVI and, as such, should ensure they don’t disrupt the entire process of commerce in the territory.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Chinese and Indian Leaders Pursue Amity Amid Global Shifts
European Union Plans for Ukraine Deployment
ECB Warns Against Inflation Complacency
Concerns Over North Cyprus Casino Development
Shipping Companies Look Beyond Chinese Finance
Rural Exodus Fueling European Wildfires
China Hosts Major Security Meeting
Chinese Police Successfully Recover Family's Savings from Livestream Purchases
Germany Marks a Decade Since Migrant Wave with Divisions, Success Stories, and Political Shifts
Liverpool Defeat Arsenal 1–0 with Szoboszlai Free-Kick to Stay Top of Premier League
Prince Harry and King Charles to Meet in First Reunion After 20 Months
Chinese Stock Market Rally Fueled by Domestic Investors
Israeli Airstrike in Yemen Kills Houthi Prime Minister
Ukrainian Nationalist Politician Andriy Parubiy Assassinated in Lviv
Corporate America Cuts Middle Management as Bosses Take On Triple the Workload
Parents Sue OpenAI After Teen’s Death, Alleging ChatGPT Encouraged Suicide
Amazon Faces Lawsuit Over 'Buy' Label on Digital Streaming Content
Federal Reserve Independence Questioned Amid Trump’s Push to Reshape Central Bank
British Politics Faces Tumultuous Autumn After Summer of Rebellions and Rising Farage Momentum
US Appeals Court Rules Against Most Trump-Era Tariffs
UK Sought Broad Access to Apple Users’ Data, Court Filing Reveals
UK Bank Shares Dive Over Potential Tax on Sector
Germany’s Auto Industry Sheds 51,500 Jobs in First Half of 2025 Amid Deepening Crisis
Bruce Willis Relocated Due to Advanced Dementia
French and Korean Nuclear Majors Clash As EU Launches Foreign Subsidy Probe
EU Stands Firm on Digital Rules as Trump Warns of Retaliation
Getting Ready for the 3rd Time in Its History, Germany Approves Voluntary Military Service for Teenagers
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Denmark Confronts U.S. Diplomat Over Covert Trump-Linked Influence in Greenland
Starmer Should Back Away from ECHR, Says Jack Straw
Trump Demands RICO Charges Against George Soros and Son for Funding Violent Protests
Taylor Swift Announces Engagement to NFL Star Travis Kelce
France May Need IMF Bailout, Warns Finance Minister
Chinese AI Chipmaker Cambricon Posts Record Profit as Beijing Pushes Pivot from Nvidia
After the Shock of Defeat, Iranians Yearn for Change
Ukraine Finally Allows Young Men Aged Eighteen to Twenty-Two to Leave the Country
The Porn Remains, Privacy Disappears: How Britain Broke the Internet in Ten Days
YouTube Altered Content by Artificial Intelligence – Without Permission
Welcome to The Definition of Insanity: Germany Edition
Just a reminder, this is Michael Jackson's daughter, Paris.
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
×