Contact your team

Market
update

Update

360° Contact 24/7

10-01-2017

Gibraltar Marks Second Consecutive Year of Bunkering Growth

2016 saw growth in both the number of vessels calling at Gibraltar for bunkers and in the quantity of fuel delivered.

The Gibraltar Port Authority (GPA) Monday announced that 2016 saw the second consecutive year of growth in terms of the number of vessels calling at Gibraltar for bunkers, as well as the quantity of fuel delivered.

"After hosting a hugely successful, high profile international bunker convention in Gibraltar last November, it is very pleasing to reinforce our status as a premier maritime hub in the Mediterranean with such positive annual results," said Bob Sanguinetti, GPA CEO and Captain of the Port.

"I look forward to continuing to work very closely with our valued partners across the shipping community to ensure that the positive trend of these past two successful years endures into the future."

In general, GPA reports growth across most areas of the port's activity for the 2016 year, including an increase in the overall number of vessels calling the port.

Further, for the the 2016 year, GPA reports an increase in ship to ship transfers in the bay, off port limit transfers, and in occupancy rates at the Eastern Anchorage.

"This is great news for Gibraltar, particularly against the backdrop of a challenging year for global shipping. The positive trends reflect the outstanding work of the GPA to further improve efficiency in the harbour, and to relentlessly pursue its marketing and engagement strategy," said Gilbert Licudi, Minister for Maritime Affairs.

"It is also testament to the solid partnership across the wider port community in Gibraltar, and to the invaluable drive and support of the shipping agents, bunker suppliers and other service providers."


Latest
news

23-02-2017

OPEC: Anything Less Than 100 Percent Compliance in Oil Cutback Deal Is Not Satisfactory

ABN Amro Bank says a failure to extend the OPEC oil deal could send crude back into the $30's.
22-02-2017

Danish Maritime Conference to Focus on Scrubbers, Tightening Sulfur Regs

Danish Maritime and MARCOD are hosting the conference in Aalborg on April 25.
20-02-2017

Saudis Lose South Korea Oil Market Share to Iran as Iraq Accelerates Its Own Export Plans

Preliminary customs data published by the Oilprice.com website show that Iran exported around 1.79 million tons of crude oil to South Korea in January