POST Online Media Lite Edition



 

Valenciaport records highs in import containers and falls in transit

Christian Fernsby |
The traffic indicators recorded during the month of August at the Port of Valencia have once again acted as a precise thermometer of the state of international trade, of the turmoil in the fuel, solid bulk (cereals) and liquid bulk (Liquefied Natural Gas and oil) markets, as well as the world of containers (import/export of manufactured goods) and tourism.

Article continues below




In August, Valenciaport's terminals recorded new drops in transhipment traffic, but registered historic records in import containers, in solid and liquid bulk, and in cruise passengers.

During the month of August, Valenciaport has registered two milestones in August according to the data collected by the Statistical Bulletin of the Port Authority of Valencia (PAV).

The figures endorse the pull of imports, which this month has left a total of 86,463 containers unloaded at the docks of Valenciaport, which is 21.45% more than in August 2021, and the full recovery of cruise tourism with the arrival of 103,385 passengers this month.

Total traffic recorded a drop of 5.24% and containers a fall of 1.61%. Of these, full containers fell by 5.19%, mainly due to the decrease in those dedicated to transit (-15.9%) and to a lesser extent to exports (-2.71%). On the other hand, as already mentioned, import containers rose by 21.45% and empty containers by 9.78%.

The dynamism of import containers is also evident in the cumulative figure from January to August with an increase of 9.77%. In a year marked by geopolitical complexity, the port enclosures are conditioned by the fluctuation and ups and downs in international trade.

Thus, according to data from the PAV's Statistical Bulletin for the first eight months of the year, 55.48 million tonnes of goods have been moved through Valenciaport's docks, with a decrease of 2.74%. The number of containers between January and August was 3,545,220, a decrease of 6.22% despite the increase in unloading containers.

Full TEUs (standard 20-foot containers of 6.1 metres in length) dedicated to cargo recorded a drop of 6.23%. The leakage of transit containers continues, down by more than 220,000 units between January and August this year compared with the same period in 2021, i.e. -13.1%, while empty containers fell by 2.54%.

This decrease in transhipment shows that the Port of Valencia is at more than 80% of its occupancy rate and on some peak days there are diseconomies of scale which cause shipping lines to look for other ports in the western Mediterranean for these containers. In other words, the Port of Valencia is becoming too small.

And taking the full year as a reference, i.e. September 2021-August 2022 with the same period of the previous year, the figures show that the total of goods has been more than 83.3 million tonnes with a fall of 3.07%.

The number of containers was 5,369,221, a decrease of 6.3%. Of these, the number of import containers reached 890,291 TEUs, an increase of 12.88% compared to the same period the previous year, and an all-time record which highlights the importance of purchases of goods and services both for consumers who have access to more products and for Spanish companies to access components and machinery to continue production.

In contrast to the growth in the number of import TEUs, there was a drop of 3.95% in the number of TEUs dedicated to exports and a decrease of 14.54% in transhipment TEUs.

From the data in the PAV's Statistical Bulletin, it can be seen that all the indicators point to the resistance of the Spanish domestic market not to be carried away by the economic pessimism already present in some sectors and in some economic areas of the planet.

The PAV data also show the recovery of passenger transport after some complicated years marked by the COVID-19 pandemic. The Valenciaport docks have received 899,870 passengers between January and August of this year, an increase of 143%. Of these, more than a third of the total, 352,646 are cruise passengers, a figure that is close to the pre-pandemic figures, and the rest, 547,224 are passengers coming or going to or from the Balearic Islands.

As mentioned above, a total of 103,385 passengers have docked in Valencia in August, setting a record for the number of tourists arriving in the city in a single month, the result of the commitment of the shipping companies to a safe destination, which is committed to experiences and excursions in Valencia and the rest of the province.

During the first eight months of the year, ro-ro traffic (goods moved on ships carrying roll-on/roll-off cargo such as lorries or vehicles) grew by 0.85% and accumulated 8,805,262 tonnes. The number of Intermodal Transport Units (ITU) increased by 7.14%.

The number of cars handled from Valenciaport terminals in the first eight months of the year stood at 384,880 units, which represents a growth of 17.66% compared to the same period in 2021. This vehicle traffic is mainly with Italy, Belgium and Turkey, which account for 50% of the operations.


What to read next

Valenciaport moves more than 100,000 export containers in May
Valenciaport returns positive sign in May
Valenciaport's activity in June grew by more than 11%

Additional heavy rainfall for Florida; severe thunderstorms in east U.S.

 
The threat of heavy rain is expected to slowly diminish across southern Florida through the next couple of days as a low pressure center moves northeast off the southeastern U.S., pulling the axis of a trough of low pressure slightly off the coast of Florida early this morning.
 
 

Latest

U.S. drillers cut oil and gas rig count
Chile declares disaster zone after storm leaves 1 dead, 4,300 homeless
Construction starts to transform South Brooklyn Marine Terminal Into nation's largest offshore wind port
SubCom and Telecom Egypt complete IEX cable landings in Egypt

NEWS

Malawi's vice president Chilima killed in plane crash to be buried Friday

Heat continues in southwest U.S.; severe thunderstorms in Central Plains
Passenger train hits freight train in Czech Republic, 4 killed, 27 injured
Rhine in south Germany reopened for cargo shipping
Active pattern for center of U.S.; increasing rainfall threat for Pacific Northwest
Greece finds 109 kg of cocaine in ship container with frozen squid
 

BUSINESS

With record revenue of $996 billion airlines earn just $6.14 per passenger

Venezuela enters WTO Trade Facilitation Agreement
Czech railway safety and capacity strengthened with EIB loan of €527 million
U.S. oil and gas rig count falls to 594
UN's Guterres: Advertising from fossil fuel companies must be banned
U.S. drillers cut oil and gas rigs
 

Trending Now

Dispatch, Eneco collaborate on groundbreaking battery energy storage system for renewable energy in Netherlands

Global fisheries and aquaculture production reaches new record high

Malawi's vice president Chilima killed in plane crash to be buried Friday

Colombia to suspend coal exports to Israel


POLITICS

Colombia to suspend coal exports to Israel

EU tariffs on Chinese EVs opposed across Europe
Ontario supports laid off auto workers in Windsor and Chatham
Poland building fortifications on its eastern border
Bulgaria set to start construction of Vertical Gas Corridor
Argentine president Milei says to lay off another 50,000 civil servants to reduce spending
 

Today We Recommend

With record revenue of $996 billion airlines earn just $6.14 per passenger


Highlights 

Construction starts to transform South Brooklyn Marine Terminal Into nation's largest offshore wind port

Global fisheries and aquaculture production reaches new record high

Alstom to revolutionize Bengaluru Metro with advanced CBTC signalling system


COMPANIES

Vodafone connects UK to world’s largest subsea cable system

Dispatch, Eneco collaborate on groundbreaking battery energy storage system for renewable energy in Netherlands
Alstom to revolutionize Bengaluru Metro with advanced CBTC signalling system
Cottbuser Ostsee to host Germany’s largest floating solar power plant by EPH Power Europe
Deutsche Aircraft starts final assembly line construction, will create up to 350 jobs
MSC launches Britannia: New standalone loop connecting Asia to North Europe
 

CAREERS

Comviva announces key executive appointments in Europe and North America

Ocean Outdoor announces group CEO succession plan
Rajesh Chandiramani takes over as Comviva CEO
Azentio appoints Rahul Arora as new chief sales officer
Orion Innovation names Kelly Ercolino SVP of marketing
CLG appoints Yves Ollivier as managing director in Pointe Noire Congo
 

ECONOMY

Eurozone reports modest Q1 GDP growth, stable annual inflation

Italy sees faster economic growth in Q1
Slovenia's economy expected to grow 0.9 pct in Q1
Italy faces deficit infringement procedure
Real GDP increased in all 50 U.S. states
Inflation continues to decline in Germany
 

EARNINGS

Motorcar Parts of America Q4 sales $189.5 million

Limoneira Q2 revenue $44.6 million
Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 million
Dollar General Q1 operating profit decreased 26.3%
Guess Q1 revenue increased by 7%
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Global fisheries and aquaculture production reaches new record high

Hong Kong suspends import of poultry meat and products from Sioux County, Iowa
Hong Kong suspends import of poultry meat and products from areas in India, U.S. and Korea
UK declares freedom from bird flu
Belgium second EU country to authorise bluetongue vaccine
UK government unveils major package of farming and food sector support
 

LEADERSHIP

Study finds workers misjudge wage markets

Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
Generating 'buzz' about new products can influence their success
Hiring 'problem directors' can knock up to 64% off firm's value
 

CRIME

EU Commission fines Mondelēz €337.5 million for cross-border trade restrictions

HSBC pays penalties for alleged breaches of Consumer Data Right rules
Sanofi to settle thousands of Zantac cancer lawsuits
Former asset manager and board member of Geneva private bank referred to Swiss Federal Criminal Court
South Africa: SAP ordered to pay SIU $26m over 'invalid' Eskom contracts
Former Steinhoff director appears in court for $1.1b fraud, racketeering
 

Magazine

TRAVEL

Morocco’s first Radisson branded hotel opens in Casablanca

Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
Treyam, your premier lagoon destination in Saudi Arabia
 

SEA, LAND, AIR

2025 Chevrolet Equinox stands apart with fresh looks and capability

Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
Pagani Huayra R Evo, 900 hp from 770 Nm
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

reMarkable 2, monochrome tablet for your thoughts and your eyes

OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
Neumann TLM 103, standard microphone for both voice and music
 

HEALTH

UK: People with HIV can now donate eggs or sperm to start family

EU health watchdog urges vaccinations to stem surge in Whooping Cough cases
Brazil resumes insulin production after two decades
India launches first home-grown gene therapy for cancer
UK scientists win funding for 'cancer detecting' Lollipops
State to cover rare disease treatment costs in Bulgaria
 

MEANTIME

Potentially habitable 'exo-Venus' with Earth-like temperature discovered

Rare species of wild bees discovered in Berlin
SLAC completes construction of largest digital camera ever built for astronomy
Solar eclipse next week in U.S., Mexico and Canada
Gravitational waves may have made human life possible
Astronomers unveil strong magnetic fields spiraling at the edge of Milky Way's central black hole