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. We note that no later data on revenue is available as per Port of Beirut statistics.
Accordingly, total container activity including transshipment (TEU+TS) dropped by a yearly 8.92% to stand at 50,618 twenty-foot equivalent unit (TEU), with container activity (TEU) alone decreased by 6.92% year-on-year (YOY) to 38,608 TEU by November 2021. In its turn, transshipment activity (TS) decreased by 14.80% YOY to 12,010 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 increased by 17.55% YOY to 11,179 TEU by November 2021, while transshipment volume of MSC decreased by 79.15% YOY to 451 TEU by November 2021. In addition, the local volume of CMA CGM increased by 6.86% after a 4 month drop to reach 13,460 TEU, while the local volume of MSC dropped by 30.50% to stand at 6,060 TEU for the month of November 2021.
It is worth mentioning that on February 17, 2022, the CMA CGM Group was granted the concession of the Beirut Port container terminal with a budget plan of USD 33M to rebuild and renovate the terminal. Moreover, the operations will begin in March 2022 by CMA Terminals, for a period of 10 years, with a target of 1.4 million TEUs.
Source: POB stats