The latest statistics on activity at the Port of Beirut show an annual increase of 17.67% in the revenues of the Port of Beirut (PoB) to $7.469M by August 2021, compared to last year’s $6.34M. Of course, this yearly increase in revenues cannot be viewed in a positive way, as we’re comparing to August 2020 when the port of Beirut was at minimum productivity due to the massive explosion on the 4th of August 2020.
In details, total container activity including transshipment (TEU+TS) rose by a yearly 11.85% to stand at 46,478 twenty-foot equivalent unit (TEU), with container activity (TS) alone increased by 30.97% year-on-year (YOY) to 37,969 TEU by August 2021. In its turn, transshipment activity (TEU) decreased by 31.17% YOY to 8,799 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, increased by 9.46% YOY to 8,410 TEU by August 2021. Contrarily, the transshipment activity of MSC decreased by 83.77% YOY to 150 TEU by August 2021. In addition, the local volume of CMA CGM decreased by 87.20% to reach 1,074 TEU, while the local volume of MSC increased by 77.45% to stand at 7,233 TEU for the month of August 2021. This indicates that MSC is more involved in local shipments whereas CMA CGM is more global.
Port of Beirut Revenues by August (in USD)