In a statement this evening, the Premier, the Hon. David Burt, JP, MP, outlined the actions being taken to safeguard the island’s supply chain in light of proposed changes under the US SHIPs Act.

 If implemented without exemptions, the legislation would result in significantly higher port fees for vessels built in China, including the MV Oleander,Bermuda’s primary cargo ship, which could drive up the cost of food, fuel, vehicles, and other essential goods. Additionally, Premier Burt, the Minister of National Security, Michael Weeks and the Minister of Home Affairs Alexa Lightbourne, met today with Bermuda’s major shippers and importers. The purpose of the meeting, he explained, was to hear directly from industry stakeholders, understand their current challenges, and ensure that the Government’s approach reflects a shared commitment to practical and sustainable solutions.

The Premier’s full statement is as follows:

 As an island, Bermuda’s connection to the rest of the world relies heavily on shipping. Almost everything that we use, from food, household goods, vehicles and fuel, arrives by sea. Against this backdrop, the proposed changes under the US SHIPs Act have become a matter of serious concern for all of us.

 If implemented without exemptions or consideration for the unique circumstances of small islands like ours, these measures would impose significantly higher port fees on ships that supply Bermuda, including the MV Oleander, which is a major link to our supply chain.

 This would result in higher prices for food, fuel, vehicles, and other essential goods. Today, I want to assure the people of Bermuda that your Government is acting with urgency and determination to meet this possible threat. In recent weeks, I have held direct discussions with the US State Department, where I outlined not only the economic impact such action would have on Bermuda but also the consequences for US citizens living here and American businesses that supply our island.

 We have also engaged with CARICOM leaders who are working to reduce food costs through regional self-sufficiency and expanded food and energy production. We also met with Canadian officials to discuss the viability of re-establishing our shipping relationship with them as an option.

 We are exploring all possible contingencies to maintain the continuity of our supply chain to shield Bermudians from further increases in prices. We are taking these actions, guided by the wisdom that while we hope for the best, we must prepare for the worst and be ready to act in the best interest of our island home.

 We know that many Bermudian families are already feeling the strain at the grocery store, gas station, and in their monthly bills. That is why this Government has consistently acted to provide relief in the face of global pressures. Five years ago, when global events threatened the livelihood of Bermudians, we took action, and have no fear, your Government will do so again.

 This Government will continue to engage directly with our international partners and explore every available option to ensure that Bermuda and Bermudians are protected from the impact of these potential changes. We remain committed to doing what is necessary to preserve stability, address the cost of living, and continue delivering a fairer Bermuda for all of us.