{"id":30384,"date":"2022-01-09T07:17:51","date_gmt":"2022-01-09T06:17:51","guid":{"rendered":"https:\/\/mallorcaglobalmag.es\/?p=30384"},"modified":"2022-01-09T08:11:54","modified_gmt":"2022-01-09T07:11:54","slug":"adolfo-utor-the-ports-of-the-balearic-islands-in-attention-to-regular-passage-are-third-world","status":"publish","type":"post","link":"https:\/\/mallorcaglobalmag.es\/en\/adolfo-utor-the-ports-of-the-balearic-islands-in-attention-to-regular-passage-are-third-world\/","title":{"rendered":"Adolfo Utor: “The ports of the Balearic Islands in attention to regular passage are third-world”"},"content":{"rendered":"
\"\"

Adolfo Utor, president and sole owner of Bal\u00e8aria after Grupo Matutes left the company. Photo: Bal\u00e8aria.<\/p><\/div>\n

\u26ab”As the only remaining local company, we are prepared to overcome this tough and hostile competitive environment.” \u26ab \u201cI have full confidence in the project, that’s why I decide to buy 100% “<\/strong><\/p>\n

By: Jos\u00e9 Eduardo Iglesias<\/em>. Palma.<\/p>\n

Adolfo Utor, president of Bale\u00e0ria, and sole owner after the departure of his\u00a0partner, the Matutes Group, is a selfmade executive who has spent his entire\u00a0professional life in the shipping business,
\nfrom the old Flebasa, where he started selling tickets back there in the 80s, until leading with other colleagues the birth of Bale\u00e0ria, at the end of the 90s. The shipping company he presides over is
\ntoday the most important in the Spanish Mediterranean.<\/p>\n

– With the departure of the Matutes from\u00a0<\/strong>Bale\u00e0ria group, in your long shipping ca<\/strong>reer it is the first time that you sail alone,\u00a0<\/strong>where is your goal?<\/strong><\/p>\n

– Initially it is the circumstances that determine the course, not premeditated decisions to achieve a strategic objective. I have worked since the beginning of Bale\u00e0ria, I am a founding partner, with other partners who formed the company’s management and part of the staff.\u00a0We started as a labor limited company, then as a public limited company and I have always had fellow travelers although I got to hold 100% at the time prior to the integration of the shipping group of\u00a0Empresas Matutes, because I had bought the shares from minority partners. The merger by absorption took place in which Grupo Matutes’ part was valued at 42.5% and mine at 57.5%. Now this situation has happened to me, I have not looked for it.\u00a0Grupo Matutes decides to divest, I suppose to focus on its core hotel business,\u00a0and since I have full confidence in the project, I decide to buy 100%.<\/p>\n

– Then you do not foresee the possibility <\/strong>of new partners for Bale\u00e0ria.<\/strong><\/p>\n

– If that possibility were given, it would be given with time and tranquility. The need is not imminent. Bale\u00e0ria has capacity and solvency. We are going to close a good\u00a0year despite the adverse energy and competitive context, but it has been almost a\u00a0year and unless we want to grow faster, I do not contemplate opening the capital to new partners.<\/p>\n

– These are moments of strong compe<\/strong>tition with the landing of the Germans\u00a0<\/strong>and Italians.<\/strong><\/p>\n

– Well, competition is healthy, it helps you improve and makes you stronger. For us\u00a0there has been a first moment of uncertainty, to see what the new operators were\u00a0bringing, both FRS, GNV, and Grimaldi. We have a tough and hostile competitive\u00a0environment, with international operators that do not add value in ships, services or management. As the only remaining\u00a0local company, we are prepared to face and overcome this situation.<\/p>\n

– But it is a market where it will be diffi<\/strong>cult for three operators to coexist, right?<\/strong><\/p>\n

– There is an evident excess supply. We aretalking about very capital intensive businesses, expenses are very expensive, especially with energy prices. This situation\u00a0will have to be resolved in time, it will have to return to normal, with a new setting that allows traders to work with margin. We are and will be for a long time for our own good and that of the territory, we are still a local shipping company that has a clear vocation of service to the territory.<\/p>\n

– When you talk about a hostile environ<\/strong>ment, what do you mean?<\/strong><\/p>\n

– Rising fuel, inflation, wages, maintenance costs, rates, a price war that causes\u00a0shipping to go in the opposite direction seems unreasonable. These operators have been surprised because they see that the level and competitiveness that exists in the Balearic Islands is very high, in ship service, punctuality, management and digitization.<\/p>\n

– How would you describe the state of the <\/strong>ports of the Balearic Islands?<\/strong><\/p>\n

The ports of the Balearic Islands in regard to regular passenger service, which should be a priority because it is a mainly resident customer, are third world\u00a0class. It makes no sense that in the port
\nof Eivissa, with a maritime station under\u00a0construction, we are still in a tent. In Palma, work is being done on the West Dam.\u00a0I take the passengers who go on foot in a bus from the maritime station number 3 to a clearing, which is the West dock. The dramatic thing is that there is money, because the ports have a surplus, but they have not quite hit the mark.<\/p>\n

– What do you think of the criticisms <\/strong>about the cruises that are taking place, as <\/strong>in Mallorca?<\/strong><\/p>\n

– It’s an invasive species. For us it is a sector that has nothing to do with transport\u00a0or the supply of goods. No one doubts that the connectivity of goods and people\u00a0is essential for the development of territories, and ports are precisely for that. In\u00a0this pandemic we have been taking food for supermarkets, medicines, essential goods, oxygen to hospitals… The cruise is not transport or commerce, it is a mobile hotel with all inclusive that if they arrive in Mallorca in their souvenirs they sell\u00a0reproductions of the Cathedral and if it is Barcelona, the Sagrada Familia. They are an inconvenience because there are space problems and they push out the boats that we dedicate ourselves to an essential activity.<\/p>\n

– Bale\u00e0ria is a pioneer in the use of liq<\/strong>uefied natural gas, is it an alternative for\u00a0<\/strong>the future or an intermediate step?<\/strong><\/p>\n

– Liquefied natural gas (LNG) is a transition fuel that partially solves, pollutes less,\u00a0is cleaner energy than oil; the solution is not renewables, nor batteries, it will come in other ways. Gas significantly reduces CO2 emissions by 30%, removes sulfur, removes NOx [nitrogen oxides] by 85%, particles, improves the carbon footprint,\u00a0all of which are polluting gases, and represents progress. It can also be injected\u00a0with hydrogen up to 25% and its facilities can be like test spaces for the hydrogen that aims to be the energy of the future. Hydrogen still has cost, transport and
\nstorage problems, but we are working on it as an alternative for the future.<\/p>\n

\"magazine<\/a><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

\u26ab”As the only remaining local company, we are prepared to […]<\/a><\/p>\n","protected":false},"author":4,"featured_media":29919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136],"tags":[],"class_list":["post-30384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en"],"yoast_head":"\nAdolfo Utor: "The ports of the Balearic Islands in attention to regular passage are third-world" - Mallorca Global Mag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mallorcaglobalmag.es\/adolfo-utorlos-puertos-de-balears-en-atencion-al-pasaje-regular-son-tercermundistas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adolfo Utor: "The ports of the Balearic Islands in attention to regular passage are third-world" - 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