The Gibraltar marine fuel market continues to strengthen with the news that bunker calls at the entrance to the Mediterranean reached an 18-month high in April this year.
A total of 496 vessels arrived at the Port of Gibraltar for bunker supply during the month, which was the highest recorded monthly total since October 2019.
This figure represents an increase of 56 calls – a 12.7% rise – from the same month last year, and is 19 calls more than was seen in March 2021.
April’s total also compares favourably to the average of 441 bunker calls recorded over the previous 12 months.
What else did the latest figures reveal?
Some 782 vessels in total called at the Mediterranean port in April 2021. This was 73 more than the 709 calls in April 2020, and 27 more than the 755 calls recorded for March this year.
Total gross tonnage for all vessels in April was 22,374,107, which was a 7.7% increase on the 20,760,169 GT recorded exactly 12 months earlier. It was also 5.7% up on March 2021’s figure of 21,171,581 GT.
1,793 vessels have used the Port of Gibraltar as a bunker location during the first four months of this year. This is higher than the 1,691 calls recorded for the equivalent period in 2020.
Peninsula’s bunker supply specialists stand ready and waiting to serve
As trusted providers of marine energy services and solutions with an international physical supply network, we are perfectly geared to meet the increased demand for fuel in Gibraltar.
One of our global hub offices is situated in Gibraltar, with responsibility for managing our physical bunker supply operations in the Strait of Gibraltar, including the Ports of Gibraltar and Algeciras. Our Gibraltar site is also where our robust Risk Management business is located.
For a more in-depth discussion of how we can build solutions for your marine energy needs in Gibraltar or across our global network, please do not hesitate to telephone or email us.