Port of Valencia witnesses 10 per cent TEU decline

Port of Valencia witnesses 10 per cent decline in TEU

The Port Authority of Valencia (PAV) has recently released data indicating a decline in its ports’ traffic volumes.

According to recent Valenciaport’s figures, the volume of tonnes handled from the Valencian port decreased by 8.14 per cent in the first seven months of the year, while the number of TEU decreased by 10.41 per cent.

This is reflected in the July study of the PAV Statistical Bulletin, which also indicates a 6.91 per cent decline in the number of containers handled and a 9.15 per cent drop in the volume of tonnes.

The figures published in PAV bulletin are reportedly in line with those recorded by the major European ports, a reflection of the international situation and the contraction of trade, weighed down by inflation and the rise in the price of money in Europe and the US.

READ: Port of Valencia advances €17.5 million inner rail network construction

Despite the slowdown in activity in terms of goods, PAV’s rail transport continues to rise and during the first seven months of this year a total of 153,581 TEU (+20.63 per cent) entered and left the Valencian docks by rail; 2 million tonnes were moved, an 18.46 per cent increase.

In this regard, the measures promoted by Valenciaport to encourage rail transport within the framework of the PAV’s Decarbonisation plan are showing positive results, with this mode of transport already accounting for 8.12 per cent of the total (6.41 per cent in 2022).

Ro-Ro traffic at PAV’s ports increased by 14.25 per cent in July (compared to the same month in 2022) to 61,723 units.

This sort of traffic currently totals 7.9 million tonnes carried in 2023, 2.19 per cent more than in the same time in 2022.

This month, PAV planned the construction of a vehicle silo in the Muelle Sur 2 area of the Port of Sagunto.

Additionally, PAV maintained its strategic commitment to promoting rail freight transportation.

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