Beautiful Virgin Islands

Saturday, Feb 22, 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
Good News: Senate Confirms Kash Patel as FBI Director
Officials from the U.S. and Hungary Engage in Talks on Economic Collaboration and Sanctions Strategy
James Bond Franchise Transitions to Amazon MGM Studios
Technology Giants Ramp Up Lobbying Initiatives Against Strict EU Regulations
Alibaba Exceeds Quarterly Projections Fueled by Growth in Cloud and AI
Tequila Sector Faces Surplus Crisis as Agave Prices Dive Sharply
Residents of Flintshire Mobile Home Park Grapple with Maintenance Issues and Uncertain Future
Ronan Keating Criticizes Irish Justice System Following Fatal Crash Involving His Brother
Gordon Ramsay's Lucky Cat Restaurant Faces Unprecedented Theft
Israeli Family Mourns Loss of Peace Advocate Oded Lifschitz as Body Returned from Gaza
Former UK Defense Chief Calls for Enhanced European Support for Ukraine
Pope Francis Admitted to Hospital in Rome Amid Rising Succession Speculation
Senate Republican Leader Mitch McConnell, at the age of 83, Declares His Retirement.
Whistleblower Reveals Whitehall’s Focus on Kabul Animal Airlift Amid Crisis
Politicians Who Deliberately Lie Could Face Removal from Office in Wales
Scottish Labour Faces Challenges Ahead of 2026 Holyrood Elections
Leftwing Activists Less Likely to Work with Political Rivals, Study Finds
Boris Johnson to Host 'An Evening with Boris Johnson' at Edinburgh's Usher Hall
Planned Change in British Citizenship Rules Faces First Legal Challenge
Northumberland Postal Worker Sentenced for Sexual Assaults During Deliveries
British Journalist Missing in Brazil for 11 Days
Tesco Fixes Website Glitch That Disrupted Online Grocery Orders
Amnesty International Critiques UK's Predictive Policing Practices
Burglar Jailed After Falling into Home-Made Trap in Blyth
Sellafield Nuclear Site Exits Special Measures for Physical Security Amid Ongoing Cybersecurity Concerns
Avian Influenza Impact on Seals in Norfolk: Four Deaths Confirmed
First Arrest Under Scotland's Abortion Clinic Buffer Zone Law Amidst International Controversy
Meghan Markle Rebrands Lifestyle Venture as 'As Ever' Ahead of Netflix Series Launch
Inter-Island Ferry Services Between Guernsey and Jersey Set to Expand
Significant Proportion of Cancer Patients in England and Wales Not Receiving Recommended Treatments
Final Consultation Launched for Vyrnwy Frankton Power Line Project
Drug Misuse Deaths in Scotland Rise by 12% in 2023
Failed £100 Million Cocaine Smuggling Operation in the Scottish Highlands
Central Cee Equals MOBO Awards Record; Bashy and Ayra Starr Among Top Honorees
EastEnders: Four Decades of Challenging Social Norms
Jonathan Bailey Channels 'Succession' in Bold Richard II Performance
Northern Ireland's First Astronaut Engages in Rigorous Spacewalk Training
Former Postman Sentenced for Series of Sexual Offences in Northumberland
Record Surge in Anti-Muslim Hate Crimes Across the UK in 2024
Omagh Bombing Inquiry Concludes Commemorative Hearings with Survivor Testimonies
UK Government Introduces 'Ronan's Law' to Combat Online Knife Sales to Minors
Metal Detectorists Unearth 15th-Century Coin Hoard in Scottish Borders
Woman Charged in 1978 Death of Five-Year-Old Girl in South London
Expanding Sinkhole in Godstone, Surrey, Forces Evacuations and Road Closures
Bangor University Announces Plans to Cut 200 Jobs Amid £15 Million Savings Target
British Journalist Charlotte Peet Reported Missing in Brazil
UK Inflation Rises to 3% in January Amid Higher Food Prices and School Fees
Starmer Defends Zelensky Amidst Trump's 'Dictator' Allegation
Zelensky Calls on World Leaders to Back Peace Efforts in Light of Strains with Trump
UK Prime minister, Mr. Keir Starmer, has stated that any peace agreement aimed at ending the conflict in Ukraine "MUST" include a US security guarantee to deter Russian aggression
×