THE Port of Valencia Authority (PAV)'s export freight rates have eased but remain low, with the cost of marine transport from the Valencian enclosure declining by 6.78 per cent in August compared to July, reports London's Port Technology.

The Valencia Containerized Freight Index (VCFI), which tracks the trend and development of freight from the Valencian area, reflects this, remaining at levels comparable to the first half of 2020. Since the start of the VCFI in January 2018, it has grown by 21.20 per cent.

The declining trend in export freight rates from Valenciaport's piers to the Far East area has also calmed, with a 3 per cent dip compared to the 18.92 per cent decline in July of this year.

Along the same lines, the VCFI shows a moderate fall in the index with the Middle East (down 12.19 per cent) and also with the Western Mediterranean (down 13.20 per cent) but a significant fall in the areas of Latin America Atlantic (down 20.44 per cent).