Port of Beirut Revenues down by 1.32% by October 2018

The revenues of the Port of Beirut witnessed a decline by 1.30% during the first ten months of the year to reach   $195.05M by October 2018.

Total container activity including transshipment (TEU+TS) grew by an annual 1.97% to 1,093,476 Twenty-foot equivalent units (TEU) by October 2018. In details, container activity excluding transshipment dropped by a slight 1.94% y-o-y to 728,150 TEU, and transshipment activity alone surged by an annual 10.77% to 365,326 TEU by the tenth month of 2018.

Simultaneously with the decrease in the revenues, the volume of the merchandise passing through the port declined by 6.67% to reach 6,632.8 thousand tons by October 2018 down from 7,107.2 thousand tons by October 2017. Following the same trend, the number of cars shipped to Lebanon decreased by an annual 32.75 % to reach 59,164 cars by October 2018 comparing to the same period last year.

However, the number of ships that docked at the Port of Beirut remained constant with no change at 1,580 by October 2018.

MSC, one of the two major shipping lines operating at the port has seen a decrease of 21.57% from 168,467 TEU by October 2017 to 132,124 TEU in October 2018, while CMA CGM observed a yearly increase in transshipment activity of 38.75% to 167,928 TEU.

PoB Revenues by October of Each Year (In $M)

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SOURCE: Port of Beirut

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