Port of Beirut’s Revenues Went Up 4.5% by May 2016

Activity at the Port of Beirut (PoB) remained resilient in the first five months of 2016 as the port’s revenues recorded a yearly increase of 4.57% to $98.80M.

Total container activity including transshipment (TEU+TS) grew by an annual 6.77% to 481, 050 twenty-foot equivalent unit (TEU) by May 2016. In details, container activity excluding transshipment increased by 13.51% y-o-y to 340, 802 TEU, while transshipment activity alone declined by an annual 6.69% to 140,248 TEU by May 2016.

MSC, one of the two major shipping/logistic firms operating at the port, witnessed a yearly decrease in transshipment activity of 6.19% to 74, 925 TEU, while the transshipment activity of CMA CGM dropped by 3.89% to 57, 147 TEU by May 2016.

Details of the port’s activity by May 2016 compared to the same period in 2015 were as follows:

The number of ships that docked at the PoB increased from 704 by May 2015 to 885 in the same period of 2016.

The total volume of imported and exported merchandise rose from 3, 189.9 thousand tons in 2015 to   3, 656.4 thousand tons in 2016.

The number of imported cars also registered an upturn from 39,842 cars by May 2015 to 45,225 cars by May 2016.

PoB Revenues by May of Each Year (In $)

Port of Beirut’s Revenues Went Up 4.5% by May 2016

Source: Port of Beirut


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