‘We are encouraged by forward bookings into next year,’ says Richard Beards, Managing Director, Gibdock. ‘Gibraltar’s growing importance as a bunkering hub means that LNG infrastructure is expanding fast.’
According to the Gibraltarian shipyard, repair activity has ‘continued to be rock solid’, despite uncertainties through the first three quarters of 2020 relating to COVID-19 and Brexit. Occupancy levels remain high, contracts continued to be agreed and scheduled dry dockings are already booked into 2021, the company says.
‘The outlook is set fair,’ said Beards, who identified ‘potentially greater revenue streams’ in LNG-related projects and renewables business for the months ahead.
As ship.energy’s sister publication Bunkerspot previously reported, Gibdock successfully completed engine conversions on two Baleària -owned Ro-Pax ferries, Nápoles and Bahama Mama, from conventional to LNG propulsion. And according to Beard, growing demand for LNG as a marine fuel is set to be met by an increase in LNG bunkering infrastructure in 2021.
‘The power station here already uses LNG, and we expect more LNG-related port calls, more service craft and more specialised bunkering vessels,’ said Beard.