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Home Blue Economy & Finance Financial Sustainability

Ports of Tenerife outlines European bunkering summit amid Iran crisis

José Luis Jiménez by José Luis Jiménez
12 March 2026
in Financial Sustainability
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From March 16 to 18, Santa Cruz de Tenerife will host the Bunkering & Sustainability Forum 2026 (BASF26), an event that transcends the ceremonial to address the operational urgency of a node that has become critical for the resilience of trade routes between Europe, Africa, and America. As geopolitical tensions in the Strait of Hormuz reconfigure global energy flows, the focus of the maritime sector shifts towards the Central Atlantic. In the current market context, the Tenerife location is not only competing based on geography but also for top-level technical management aimed at mitigating logistical bottlenecks. The forum will scrutinize operational excellence in ship-to-ship maneuvers, essential for minimizing turnaround times at a moment where every additional hour of navigation forced by the diversion of traditional routes incurs a million-dollar impact on the financial results of major shipping companies.

Safety and regulatory compliance will be central to the agenda of BASF26. With international emission and safety standards at their most demanding phase, the Tenerife port seeks to consolidate its reputation as a port of ‘clean operations’. The capacity of local infrastructures to provide safe supplies under pressure is, today, the most valuable asset to ensure that the flow of goods in the Atlantic does not suffer interruptions due to auxiliary service shortages. Beyond the technical debate, the event will serve to gauge the logistical response capacity of the Canary Islands in the face of the challenges of 2026. Agility in storage services and the quick response of port services are no longer just competitive advantages, but survival requirements for the global supply system. Tenerife arrives at this event with the intention of demonstrating that it is the necessary piece for the machinery of international trade to continue operating efficiently despite global turbulence.

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José Luis Jiménez

José Luis Jiménez

Trained in the rigorous school of economic journalism and seasoned in newsrooms where truth and pressure are valued equally, he has developed a persistent distrust of rhetoric. He is not a hunter of headlines—though he once was—but a reader of documents; someone who prefers verified data to quick applause, context to noise. There is something of both cartographer and prosecutor in his writing, perhaps stemming from a humble background in Law: he maps the contours of power, but also interrogates them.

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