The latest statistics on activity at the Port of Beirut show an annual slump of 35.07% in the revenues of the Port of Beirut (PoB) to $7.22M by June 2021, compared to last year’s $11.12M.
Since 2019, total trade volumes recorded a significant decrease, with a drop of about 20%. As a result, Port activities and revenues decreased, reflecting the lower trade volumes picked up by the port.
In details, total container activity including transshipment (TEU+TS) fell by a yearly 13.30% to stand at 47,813 twenty-foot equivalent unit (TEU), with Transshipment activity (TS) alone declining by 47.77% year-on-year (YOY) to 9,958 TEU by June 2021. In its turn, container activity (TEU) increased by 4.91% YOY to 37,855 TEU over the same period.
Accordingly, the transshipment volume of CMA CGM, one of the two major shipping lines operating at the Port of Beirut, dropped by 24.76% YOY to 8,459 TEU by June 2021. Contrarily, the transshipment activity of MSC decreased by 42.33% YOY to 1,102 TEU by June 2021. In addition, the local volume of CMA CGM increased by 39.30% to reach 9,266 TEU, while the local volume of MSC retreated by 13.66% to stand at 7,850 TEU for the month of June 2021.
Port of Beirut Revenues by June (in USD)