Speaking at the Mediterranean Ports and Shipping 2021 conference, the president of the Port Authority of Valencia (PAV), Aurelio Martínez said that freight prices will normalise in the second half of 2022 when international demand for containers slow down.
“Higher freight rates mean higher costs and therefore fewer exports for regions like ours, which will mean that the growth rate will be lower than what we could have obtained in a normalised context,” claimed PAV president.
Martínez inaugurated...