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Gwadar Port Completes First Commercial Ship Refueling Operation

Africa1 hr ago

Gwadar Port has successfully executed its inaugural commercial bunkering operation, a significant step in broadening its maritime service offerings. The refuelling took place between July 9 and 11, involving a joint effort by the Gwadar Port Authority (GPA), National Logistics Cell (NLC), Gwadar International Terminals Limited (GITL), and the energy firm Vitol Asia. During this operation, the LNG carrier Enugu, co-owned by QatarEnergy, Abu Dhabi National Oil Company, and Vitol, received 2,500 metric tonnes of very low sulphur fuel oil (VLSFO). The bunkering was facilitated by the bunker barge Marine Ista, with support from Pakistan Customs, port authorities, and local agent Pak Traders Gwadar. This development enhances Gwadar Port's capabilities beyond cargo handling, now enabling it to offer bunkering and other marine services to international vessels. Experts suggest this move could generate foreign exchange earnings and revenue, making the port more attractive to global shipping services. The operation aligns with the China-Pakistan Economic Corridor (CPEC) objectives to establish Gwadar as a major regional trade and energy center. Port officials have declared this the official commencement of commercial bunkering services in Gwadar, anticipating increased international vessel refueling and a substantial boost to Pakistan's blue economy, logistics, marine services, and local job creation.

AI Analysis

The successful initiation of commercial bunkering services at Gwadar Port represents a strategic move to diversify its revenue streams and enhance its value proposition for international shipping. By expanding beyond traditional cargo handling, the port aims to capture a larger share of the maritime services market, potentially increasing foreign exchange earnings and aligning with the broader goals of the China-Pakistan Economic Corridor (CPEC) to develop regional trade hubs. This development underscores the evolving nature of port operations, where integrated service offerings are becoming crucial for competitiveness. Future success will likely depend on maintaining operational efficiency, competitive pricing, and robust infrastructure to attract and retain a consistent flow of international vessels, thereby fostering growth in Pakistan's blue economy and associated sectors.

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Compiled by NewsGPT from Dawn (PK). Read the original for full details.