Gwadar Port is a developing warm-water, deep-sea port situated at Gwadar in Balochistan province of Pakistan at the apex of the Arabian Sea and at the entrance of the Persian Gulf, about 460 km west of Karachi and approximately 75 km (47 mi) east of Pakistan’s border with Iran. The port is located on the eastern bay of a natural hammerhead-shaped peninsula jutting out into the Arabian Sea from the coastline.
The Gwadar port is situated right next to the strategic Strait of Hormuz and its busy oil shipping lanes. The surrounding region is home to around two-thirds of the world’s oil reserves. It is also on the shortest route to the oil rich Central Asian states through land-lockedAfghanistan..
Gwadar Port is managed by the Gwadar Port Authority..
The development work started on March 22, 2002 and its first phase was completed on March 2005. Phase I covered building of three multipurpose berths and related port infrastructure and port handling equipment. In 2007, the government of Pakistan handed over port operations to PSA International for 25 years, and gave it the status of a Tax Free Port for the following 40 years..During the same year it was inaugurated by then Pakistani President General Pervez Musharraf.
Gwadar Port became operational in 2008 with the first ship to dock bringing 72.000 tonnes of wheat from Canada by the vessel .M.V POS GLORY which was handled by M/S GURAB LINES Shipping Gwadar.
Gwadar Port is featured on the back of the 5 Pakistani Rupee.