The annual cumulative revenues of the Port of Beirut recorded an incremental yearly decline of 0.12%, totaling $199.11M by Oct.2016.
The minimal change in the Port’s revenues is mainly attributed to the slow variation in the Port’s Total Container Activity including Transshipment (TEU+TS).
By Oct.2016, (TEU+TS) rose annually by 0.55%, to 954,619 twenty-foot-equivalent unit (TEU). The breakdown of (TEU+TS) follows:
Container Activity alone recorded a 7.98% year-on-year (y-o-y) growth to 709,463 TEU, while Transshipment Activity plunged by 16.11% y-o-y.
The drop in Transshipment is partly attributed to the activity of Beirut’s key shipping players: CMA and MSC. By Oct.2016, the latter’s contribution was larger.
In details, CMA’s shipments hit 94,167 TEU, a 7.54% contraction by Oct.2016, improved from a 35.72% the previous y-o-y decline. By Oct.2016, MSC’s shipments were more dramatically compressed by 20.64% to 133,016 TEU.
In its turn, the volume of Imported and Exported Merchandise rose 7.95% y-o-y to 7,343.2 tons during the first 10 months of 2016.
Further to the activity at the Port of Beirut, 1,712 ships docked by Oct. 2016, recording an annual increase of 15.91% , while 88,492 cars were imported, compared to 88,555 by Oct.2015.