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) increased by a yearly 12.78% to stand at 49,976 twenty-foot equivalent unit (TEU), with container activity (TEU) alone increased by 13.73% year-on-year (YOY) to 38,249 TEU by January 2022. In its turn, transshipment activity (TS) also increased by 9.45% YOY to 10,727 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 10.92% YOY to 6,855 TEU for January 2022, while transshipment volume of MSC increased by 62.85% YOY to 1.977 TEU for January 2022. In addition, the local volume of CMA CGM increased by 0.98% to reach 12,773 TEU, while the local volume of MSC increased by 39.50% to stand at 10,140 TEU for the month of January 2022.
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 January