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 20.43% to stand at 614,994 twenty-foot equivalent unit (TEU), with container activity (TEU) alone increased by 3.07% year-on-year (YOY) to 480,843 TEU by December 2021. In its turn, transshipment activity (TS) decreased by 56.39% YOY to 133,611 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 29.66% YOY to 6,413 TEU for December 2021, while transshipment volume of MSC decreased by 69.78% YOY to 518 TEU for December 2021. In addition, the local volume of CMA CGM decreased by 51.22% to reach 8,554 TEU, while the local volume of MSC dropped by 24.42% to stand at 6,533 TEU for the month of December 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.
Yearly total container activity including transshipment in twenty-foot in December: