Port of Beirut Revenues slipped by 1.68% y-o-y by November 2018 to $214.44M

The Revenues at the Port of Beirut (POB) witnessed a decline of 1.68% during the first 11 months of the year to reach   $214.44M.

Total container activity including transshipment (TEU+TS) rose by a yearly rate of 1.12% to 1,201,834 Twenty-foot equivalent units (TEU) by November 2018. In details, container activity excluding transshipment dropped by a slight 2.09% y-o-y to 804,783 TEU, and transshipment activity alone rose by an annual 8.31% to 397,051 TEU by the 11^th month of 2018.

In turn, the volume of the merchandise passing through the port declined by a yearly 7.82% to reach 7303.4 thousand tons by November 2018. Following the same trend, the number of cars shipped to Lebanon decreased by 33.83% to reach 62,959 cars by November 2018 compared to the same period last year.

In addition, the number of ships that docked at the Port of Beirut also dropped by 0.86% to 1,728 ships by November 2018.

MSC, one of the two major shipping lines functioning at the port observed a yearly decrease of 24.15% to 143,167 TEU by November 2018. In contrary, CMA CGM observed a yearly rise of 37.90% in transshipment activity to 182,028 TEU during the same period.

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

Source: Port of Beirut