The Port Authority of Valencia (PAV) has revealed that the volume of containers transported between Valencian docks and the key Red Sea ports climbed by 65 per cent.
PAV reported a 43 per cent increase in container transport with the Baltic countries and a 25 per cent rise with Australia. 72 per cent of all products, including bulk, and 78 per cent excluding bulk, were handled in containers.
Valenciaport handled 2.7 million TEU in the first half of the year. This percentage is 14.05 per cent greater than the same period last year.
These numbers were all recorded between January and June 2024. Valenciaport’s primary trading partners include China, the US, Italy, and Turkey.
So far this year, the port has exchanged more than 12 million tonnes of goods with them (3.73 million with China, 3.58 million with Italy, 2.72 million with the US, and 2.21 million with Turkey).
The Valencian port’s role as a global distribution centre for import/export traffic and transshipments has resulted in a 78 per cent increase in trade with Egypt in the first six months of the year, as well as 84 per cent and 58 per cent growth with Greece and Saudi Arabia.
Overall, in the first half of 2024, 40.86 million tonnes (Mt) of products travelled through the ports operated by PAV, which is 6.95 per cent greater than the previous year, with 3.18 Mt of bulk cargo, 8.18 Mt of non-containerised general cargo, and 29.49 Mt of containerised cargo.
Recently, the Port of València reported that 5G connectivity, speed, efficiency, optimisation and real-time coordination are the keys to the success of the IMAGINE-B5G project.