The transition to a new operating model at the Port of Bridgetown will reduce container-related port charges by 10 per cent. Chief Executive Officer, David Jean-Marie, announced that effective April 9, Barbados Port Inc. (BPI) would transition the Port of Bridgetown to a full Free Out Port. At the same time, he said BPI will move stevedoring services in-house, for execution by Port labour. The Chief Executive explained: “These changes …
A proposal for port workers to become shareholders in the holding company that will replace the Barbados Port Inc. (BPI) and for Barbadians to also get the opportunity to invest, is set to go before that agency’s board next week.Chairman of the BPI David Jean-Marie made the disclosure on Wednesday after Prime Minister Mia Mottley enquired about the status of discussions on the move, during debate in Parliament on the Appropriation Bill 2023.He disclosed that the management team will next Thursday make a presentation to the board on the transformation of the port, which includes not only innovation and expansion plans but “the second wave of corporatisation in which we transition from Barbados Port Inc. to a holding company”.According to him, that model would see the National Insurance Scheme, the state, workers and workers’ representatives as shareholders in the holding company – a parent company created to buy and control the ownership interests of other companies, its subsi
Approximately one billion dollars will be spent to finance the Ministry of Tourism’s multifaceted 2020-2030 plan which is inclusive of separate projects to build infrastructure on the island. Speaking during the Estimates Debate in the well of Parliament on Monday, chief executive officer of Barbados Port Inc., David Jean Marie, said among the projects were the expansion of Berth 6, a container freight station and a central container examination facility. …