Cost of Imported Goods Expected to rise across Region

 

 

image Major shipping company announces hike in rates to Caribbean destinations.



Consumers across the region are likely to see their shopping bills increase over the next few months as one of the major cargo lines has announced that its rates between the United States and the Caribbean are going to rise. 

Tropical Shipping has announced plans to implement a general rate increase for shipments between the continental US, Canada, the US Virgin Islands, Tortola, Virgin Gorda, Dominican Republic, Anguilla, Antigua, Barbados, Dominica, Grenada, Guyana, Nevis, St Barth’s, St Kitts, St Lucia, St Maarten, St Vincent and Trinidad.

“Increases will take effect September 16 in the amount of $125 per 20-foot equipment and $250 per 40-foot equipment, with other hikes for vehicles and breakbulk cargo,” Tropical Shipping said in a statement at the weekend.

The shipping company said the increases will apply to all open tariff and service contract rates for dry and refrigerated cargo.

Headquartered at the Port of Palm Beach, Florida, Tropical Shipping is one of the largest containerized cargo carriers in the Caribbean region and the Bahamas. The company operates a fleet of 11 owned vessels and also charters a number of vessels to provide flexibility as market conditions change. The company serves ports in the Bahamas, Virgin Islands, Cayman Islands, Dominican Republic, Eastern Caribbean and the Guianas. 
 

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Date Posted August 23 2012