According to the latest figures published by the Port of Beirut (PoB), the Port’s revenues fell by 30.33% year-on-year (YOY) to $12.37M in the first month of the year.
In details, Total container activity including transshipment (TEU+TS) contracted by 10.88% YOY to 81,078 twenty-foot equivalent unit (TEU) as Container activity (TEU), excluding transshipment, fell by an annual 41.52% to 34,779 TEU over the same period. Meanwhile, Transshipment activity (TS) alone added a yearly 46.94% to 46,299 TEU in the first month of 2020.
Accordingly, the transshipment volume of CMA CGM, one of the two major shipping lines operating at Beirut Port, increased by 7.03% totaling 13,298 TEU while the transshipment activity of MSC rose from 11,972 TEU in January 2019 to 21,019 TEU in January 2020. Nonetheless, local volume of CMA CGM and MSC both fell by 6.08% and 40.34% to 6,900 and 11,486 TEU, respectively, over the period.
In addition, the Total volume of imported and exported merchandise fell by an annual 38% to 362,916 tons. Worth noting that the number of Ships docking at PoB registered a marginal uptick of 0.78% totaling 130 ships in January 2020. Meanwhile, no data was made available regarding the number of Cars for Jan. 2020.
Port of Beirut’s Total Revenues in January ($M)
Source: Port of Beirut