Container traffic through Valenciaport increases sharply in first half of 2024

Valenciaport (Image: Valenciaport/Phaata)

The container sector remains the main strength of Valenciaport, accounting for 72% of total cargo, including bulk cargo, and 78% excluding bulk cargo.

In the first half of the year, the Spanish port handled 2,708,318 TEU, up 14.05% year-on-year.

The Red Sea, the Baltic States and Australia were the destinations that recorded the strongest growth in traffic with Valenciaport in the first six months of 2024. From January to June, container volumes between Valencia and Red Sea ports increased by 65%, with the Baltic States by 43% and with Australia by 25%.

These increases highlight the port’s connectivity and global stature, positioning Valencia, Sagunto and Gandia as gateways to economic regions around the world.

In addition, China, the United States, Italy and Turkey remain Valenciaport’s main trading partners. More than 12 million tonnes of cargo were traded with these countries this year (3.73 million tonnes with China; 3.58 million tonnes with Italy; 2.72 million tonnes with the United States; and 2.21 million tonnes with Turkey). The port’s role as a global distribution hub for import-export and transshipment traffic has boosted trade with Egypt by 78%, with Greece and Saudi Arabia by 84% and 58% respectively in the first six months of the year.

Overall, 40.86 million tonnes of cargo passed through the ports managed by the Valencia Port Authority (PAV) in the first half of 2024, up 6.95% year-on-year. This figure includes 3.18 million tonnes of bulk cargo, 8.18 million tonnes of non-containerized general cargo and 29.49 million tonnes of containerized cargo.

In terms of vehicle traffic, Valenciaport's terminals recorded 316,769 vehicle movements, down 3.27% year-on-year.

Read more:

• Sea-Intelligence sees container shipping lines as 'bullish' for the peak season
• Red Sea crisis reaches peak impact on container shipping
• Ocean freight rates ease due to capacity increase and peak season pressure easing
• CSP Abu Dhabi Terminal exceeds the 5 million TEU mark

Source: Phaata.com (via ContainerNews)

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