Port of Beirut’s Revenues Reached $218.61M by November 2016

Port of Beirut (PoB) recorded a marginal yearly decline of 0.09% in its revenues to reach $218.61M, compared to $218.81M in the same period of 2015.

On a year-to-date basis, total container activity including transshipment (TEU+TS) rose by an annual 1.86% to 1.05M twenty-foot equivalent unit (TEU). In details, container activity excluding transshipment grew by 8.52% year-on-year (y-o-y) to 783,702 TEU, while transshipment activity dropped by an annual 13.64% to 267,909 TEU by November 2016, its lowest level in 5 years.

MSC and CMA CGM, the two major shipping/logistic firms functioning at the port, witnessed yearly declines in transshipment activity of 17.92% to 143,983 TEU and 6.16% to 104,336 TEU, respectively by November 2016.

The total volume of imported and exported merchandise rose 7.95% y-o-y to 8,066 tons during the first eleven months of the year.

The number of ships that docked at the PoB reached 1,865 by November 2016, compared to 1,807 in the same period of 2015.

As for the number of imported cars, they also registered a marginal growth from 99,733 cars by November 2015 to 99,799 cars by November 2016.

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

Port of Beirut’s Revenues Reached 8.61M by November 2016

Source: Port of Beirut

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