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Indiaexportnews.com

Cutting transshipment discourages new investment

  08.03.2012    

The president of Valencia port authority, Rafael Aznar, says a reduction in transhipment costs may be key to unlocking future investment in container handling facilities in the port, reports the UK's Port Strategy.
Noatum Terminal Valencia has yet to decide upon an opening date for its Muelle Costa extension, which has a capacity of handling up to one million TEU, despite already having invested EUR50million (US$66.1 million).
Meanwhile, Castellon port authority has reduced tariffs 70 per cent in 2012 as a means of slowing down the amount of ceramics traffic being lost to neighbouring Valencia.
At the same time, tariffs charged on empty containers will rise, although the cost of transhipment is expected to fall. Castellon is the centre for ceramics production in Spain, but the majority of this is exported via Valencia.


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