This year the Port Authority of Bilbao expects the recovery of a large part of the traffics lost due to the economic crisis that has affected so many national and international ports to start this year. In fact, in January there was an increase of 8% with respect to the same month in 2009. There are good prospects for iron and steel products, scrap and general cargo, which indicates that the employment-generating industries in the area are beginning to reactivate their businesses.
With a view to recovering traffics, the Port Authority has taken up the challenge to seek new markets in emerging countries, and to keep abreast of initiatives which can present new business opportunities. It considers that now is when all the strengths and advantages of the Basque port will be put to the test. One of these strengths is the wide offer of short sea services, thanks to the companies that have been running Short Sea operations from the Port for many years. In fact, Bilbao is still one of the reference ports within the Spanish port system and the leader in European Atlantic traffic, with Russia and the United Kingdom at the head. The Port of Bilbao is the gateway from the Peninsula to Europe, and is well-liked to the Spanish national railway network and to the motorway networks of Spain, Portugal and the rest of Europe, all of which means that both door-to-door services as well as those to logistics zones and dry ports can be offered.
Another strength, is that the Port has no limitations with regard to maritime transport, thus enabling the largest oil tankers, gas-carriers and container vessels on the oceans to dock: the draft at Punta Lucero is 32 metres – the greatest depth in Spain.