Port of Valencia records decline of export freight rates

The Port Authority of Valencia (PAV) has reported a 2.08 per cent decrease in export freights.

This is represented in the València Containerised Freight Index (VCFI), which evaluates the trend and evolution of freight rates in the Valencian region and stands at 1,186.74 points in September, maintaining at levels comparable to February 2020.

Since the beginning of the historical series in January 2018, the VCFI has grown by 18.67 per cent.

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The Index also reflects a slowing in the downward trend of export freight rates from Valenciaport docks to the Far East region, which has showed signs of stability at -0.24 per cent (compared to -18.92 per cent in July or 3 per cent in August this year).

Similarly, the index with the Western Mediterranean rises again, and the cost of maritime transport from Valencian docks rises by 4.64 per cent, a positive growth not seen in the previous six months.

In September, the Port Authority of Valencia declared its interest in international commerce and the necessity of comprehensive global connection for the industrial fabric.

This month, the Port Authority of Valencia promoted the development of a ‘Sustainable Transport to Work Plan’ that aims to turn the port into an emission-free area.