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Gibraltar Touts Offerings During International Shipping Week

by Jason Gorringe, Lowtax.net, London
14 September, 2015

Gibraltar's Minister for Shipping has hosted a working breakfast at Gibraltar House in London to coincide with London International Shipping Week 2015.

The breakfast was attended by major figures in the bunkering and shipping industry. Minister Albert Isola took the opportunity to update those present on the ongoing work to make Gibraltar an attractive and competitive port for business and to thank them for their business.

Commodore Bob Sanguinetti, Captain of the Port, reaffirmed the Gibraltar Port Authority's determination to facilitate increasing volumes and business for Gibraltar Port and hinted at some of these initiatives.

Isola said: "It is hugely helpful to have face to face and open communication with our major suppliers and to work through directly with them how we can improve the Gibraltar proposition, for the benefit of all those who work with and service clients of the Port."

The Gibraltar Ship Register is a member of the Category I Red Ensign Group of the United Kingdom and United Kingdom dependency registers, and nearly every type of commercial vessel is represented on the Gibraltar Registry.

The territory offers a very competitive fee structure for registration, and although it is part of the EU the absence of VAT means that ships or pleasure craft can be imported without a VAT charge. This has led to a substantial increase in the registration of yachts and other private vessels in recent years.

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