Friday, January 15, 2016

Gibraltar benefits from bunker calls

Despite the direct and residual effects of the recent economic crisis on shipping worldwide, and increasing competition in the region, the Gibraltar Port Authority (GPA) reported growth in both the total number of ships calling for bunkers and in the quantity of fuel delivered last year.
The number of vessels using the Western Anchorage bunker slots was 5,571, while another 32 undertook commercial ship-to-ship transfer operations, according to figures produced by the GPA.

Gibraltar’s Minister for Shipping, the Hon Albert Isola, said, “I am delighted to see such a pivotal contributor to Gibraltar's economy grow from strength to strength, particularly at a time when neighbouring ports are reporting a slowdown in activity. 

“The Port’s robust performance is testament to the outstanding work of the GPA in its efforts to further improve efficiency and in aggressively marketing the port. It is also down to the enduring commitment of the bunker suppliers, shipping agents and other operators at

 the Port of Gibraltar for which I wish to express my sincere gratitude and support,” he said. 

CEO and Captain of the Port, Bob Sanguinetti, commented, 'Whilst early days, this trend reinforces Gibraltar's position as the Mediterranean’s leading bunker port and its resilience as a centre of maritime excellence. I look forward to continuing to work in increasing our range and quality of services together with the team at the GPA and, of course, our private sector partners.’ 

In April, the GPA will continue its push to promote the jurisdiction in a joint financial services/port marketing visit to Singapore and Hong Kong, headed by Minister Isola together with representatives from the private sector. 

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