Port of Beirut’s Revenues Up to $18.37M in January 2016

Activity at the Port of Beirut (PoB) remained buoyant in the first month of 2016 as the port revenues recorded a double-digit yearly increase of 14.75% to $18.37M.

Total container activity including transshipment (TEU+TS) grew by an annual 9.70% to 91,898 twenty-foot equivalent unit (TEU) in January. In details, container activity excluding transshipment increased by 19.90% y-o-y to 65,782 TEU, while transshipment activity alone declined by an annual 9.66% to 26,116 TEU in the first month of 2016.

MSC and CMA CGM, the two major shipping/logistic firms operating at the port, witnessed yearly falls in transshipment activity of 8.94% and 14.65% to 14,150 TEU and 10,780 TEU, respectively.

Details of the port’s activity for the month of January 2016 compared to the same month in 2015 were as follows:

• The number of ships that docked at the PoB in January increased from 133 in 2015 to 153 in 2016
• The total volume of imported and exported merchandise rose from 575.2 thousand tons in 2015 to 682.9 thousand tons in 2016.
• The number of imported cars also registered an upturn from 6,583 cars in 2015 to 9,662 cars in 2016

PoB Revenues in January of Each Year (In $)

Source: Port of Beirut