GCCI warns against arbitrary price hikes, delayed delivery by shipping companies

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GCCI warns against arbitrary price hikes, delayed delivery by shipping companies

Jan 24, 2026 News

(Kaieteur News) – The Georgetown Chamber of Commerce and Industry (GCCI) on Friday warned against what it termed as unconscionable practices by shipping companies. In a terse statement to the media, the body said that over the last year it has observed and received complaints of “unfair and unconscionable practices by shipping companies operating in Guyana.”

“Ranging from the imposition of hiked fees and the unilateral extension of peak period pricing to the sidelining of local businesses’ imports for clearance to prioritise large foreign companies, these acts have far-reaching consequences for businesses, consumers, and the pace of development,” the statement said.

Further, the GCCI said that the “unjustified increases in cost as well as delayed delivery of goods lead to increased cost to consumers, and negatively impact the operations of local businesses.”

“Of particular concern is the impact of arbitrary price hikes and delays on businesses that are deadline driven and tied to the predetermined costs such as those in the construction sector,” the Chamber stated.

The GCCI said that its members met with the Guyana Customs House Brokers and Clerks Association late last year and following their complaints sought a meeting with the Shipping Association of Guyana to address the challenges highlighted.

“To date, attempts to relieve the situation have proven futile—however, the iniquitous conduct by companies within the shipping industry cannot continue unchecked. The GCCI is calling on the Shipping Association to meet with its members and rectify this situation with urgency as the implications of their actions have troubling ripple effects on the business landscape.”

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arbitrary, delay, GCCI, price hikes, shipping companies

One thought on “GCCI warns against arbitrary price hikes, delayed delivery by shipping companies”

Sue Colbert January 24, 2026 at 11:04 pm

The Love of Money, Is The Root of All Evil, and when It is Mixed with Greed, it has: An Immensely Great or Grave, Negative Rippling Effect, on Nations, and Peoples!

High Costs, and Unreliable Service, are Unacceptable, if Timely Delivery, Thwarts The Freedom, of Doing Business, because of The Willful Delays, and Compromised Service, by Some Shipping Companies!

Great Idea, re: Meeting, with The Shipping Authorities, and I Wish you, An Amicable Solution To The Problem!

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