Port of Beirut’s Revenues Up to $37.25M by February 2017

Activity at the Port of Beirut (PoB) witnessed a slight improvement by February 2017 as the port’s revenues recorded a 0.27% yearly increase to $37.25M.

Total container activity including transshipment (TEU+TS) grew by an annual 10.99% to 189,059 twenty-foot equivalent unit (TEU) by February 2017. In details, container activity excluding transshipment increased by 6.91% y-o-y to 130,152 TEU, and transshipment activity alone rose by an annual 21.20% to 58,907 TEU by the second month of the year.

MSC, one of the two major shipping/logistic firms operating at the port, witnessed a yearly increase in transshipment activity of 52.79% to 36,752 TEU, while CMA CGM observed a yearly drop in transshipment activity of 10.78% to 18,975 TEU.

Details of the port’s activity by February 2017 compared to the same period in 2016 were as follows:

The number of ships that docked at the PoB dropped from 313 in February 2016 to 291 in 2017.

The total volume of imported and exported merchandise rose from 1,335 thousand tons in 2016 to 1,341 thousand tons in 2017.

The number of imported cars also registered an upturn from 16,933 cars by February 2016 to 18,005 cars during the same period in 2017.

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

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Source: Port of Beirut

 

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