GIBRALTAR PORT REPORTS ANOTHER YEAR OF GROWTH

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Gibraltar’s commercial maritime industry has seen another year of growth across most areas of activity following its performance review for 2016.

The announcement was made last month by the Gibraltar Port Authority (GPA) against the backdrop of a slowdown in global economic activity.

The GPA reported, for the second consecutive year, an increase in both the number of vessels calling at Gibraltar for bunkers and in the quantity of fuel delivered.

“This is great news for Gibraltar, particularly against the backdrop of a challenging year for global shipping,” said Minister for Maritime Affairs Gilbert Licudi. “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.”

This positive trend is reflected more widely in the total number of all vessels calling, including cruise ships and superyachts.

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.’

An increasing number of superyachts have also taken advantage of the new berths at the recently commissioned Mid Harbour Marina to extend their stay on the Rock.

“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 CEO and Captain of the Port Bob Sanguinetti. “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.”

The GPA also recorded a rise in ship to ship transfers in the bay, off port limit transfers, and in occupancy rates at the Eastern Anchorage, reinforcing the Port’s aspiration to deliver the widest range of services in keeping with its reputation as a maritime centre of excellence.

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The Gibraltar Magazine is your monthly business, entertainment, and lifestyle source. Providing the community with the latest breaking news and quality content since 1995. Every month, 100 pages are packed with gripping features from a cross- section of the Gibraltarian community in business, culture and leisure. We have pledged to support the wealth of local talent, constantly promoting young artists, musicians, authors and entrepreneurs and presenting what’s on around the Rock. In the business section, we focus on finance, property, and gaming industries. Embracing the latest technology and updating our website daily, we’re able to provide increased and up-to-the-minute information. The magazine has been operating for 25 years, which speaks volumes for our forward-thinking team who strive to take a fresh direction each month, as well as our loyal readership and confidence of advertisers.