UK-based Balaena, which acquired Gibraltar’s ship repair facility, Gibdock, twelve months ago, has marked the first anniversary with a commitment to develop and expand shipyard business further.
The marine engineering company, which specialises in solar, wind, water, and offshore sustainability projects, plans to capitalise on the shipyard’s prime location in the western approaches to the Mediterranean. The facility is therefore ideally located both for vessels operating within the south European sea, as well as ships passing the Strait of Gibraltar. Owners can benefit from significant savings in time, deviation, and fuel.
In its first year of ownership, Balaena has invested in shipyard infrastructure, health and safety systems, and new technology. This capital commitment has not only increased yard capacity but has also facilitated the execution of both longer and more complex projects.
Simon Gillett, Balaena CEO, commented: “Balaena is proud to commemorate one year of ownership of Gibdock. The milestone marks our unwavering commitment to providing world-class maritime solutions and driving the growth of the Gibraltar maritime industry. We are grateful for the support and trust placed in us by our valued clients, partners, and the local community. Together, we will continue to shape the future of the Gibdock as a premier destination for vessel maintenance and repair.”
Gibdock’s owners mark first successful year