2015 Bermuda Stevedoring increase clarification
Stevedoring Services has asked that we provide further clarification relating to our recent statement that BCL’s Bermuda stevedoring costs will increase 6%, which we are pleased to do. Our customers are aware that BCL works on Sunday evenings in season and on Monday evenings in the winter season, to accommodate the needs of our customers. Although Stevedoring Services base labor rate will not change, Stevedoring Services presently subsidizes the labor rate in overtime. Effective January 1st, 2015 BCL will be required to pay the full overtime rate and this will serve to double BCL’s Bermuda stevedoring overtime costs, thus resulting in an increase in BCL’s Bermuda stevedoring costs by the reported 6%.
Thank you for your business.