Revenues of Port of Beirut decreased by 15.03% to $6.40M by October 2021

The latest statistics on activity at the Port of Beirut show an annual decrease of 15.03% in the revenues of the Port of Beirut (PoB) to $6.40M by October 2021, compared to last year’s $7.54M.

Accordingly, total container activity including transshipment (TEU+TS) dropped by a yearly 32.78% to stand at 42,342 twenty-foot equivalent unit (TEU), with container activity (TEU) alone decreased by 15.49% year-on-year (YOY) to 36,358 TEU by October 2021. In its turn, transshipment activity (TS) decreased by 70.03% YOY to 5,984 TEU over the same period.

In more details, the transshipment volume of CMA CGM one of the two major shipping lines operating at the Port of Beirut decreased by 64.16% YOY to 5,295 TEU by October 2021, while transshipment volume of MSC decreased by 29.08% YOY to 600 TEU by October 2021. In addition, the local volume of CMA CGM decreased by 30.16% to reach 9,474 TEU, while the local volume of MSC increased by 16.72% to stand at 6,770 TEU for the month of October 2021.

Port of Beirut Revenues by October (in USD)

Revenues of Port of Beirut decreased by 15.03% to $6.40M by October 2021

Source: PoB, BLOMINVEST

 

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