Valencia container investment frozen

In this respect, Noatum Terminal Valencia has yet to decide upon an opening date for its Muelle Costa extension, which has a capacity of up to 1m teu, despite already having invested €50m.

Meanwhile, Castellón port authority has reduced tariffs by 70% 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 will fall. Castellón is the centre for ceramics production in Spain, but the majority of this is exported via Valencia.