The latest statistics on activity at the Port of Beirut show an annual decrease of 17.69% 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 are available as per Port of Beirut statistics.
Overall, total container activity including transshipment (TEU+TS) increased by a yearly 10.91% to stand at 529,826 twenty-foot equivalent unit (TEU); container activity (TEU) added 16.77% on a yearly basis to 431,122 TEU by September 2022, whereas transshipment activity (TS) dropped by 3.69% YOY to 103,969 TEU by the same period.
On a monthly basis, total container activity added 18.67% to stand at 63,817 twenty-foot equivalent unit (TEU) while container activity (TEU) added 19.80% for the month of September 2022 compared to same month last year to reach 51,845 TEU. Meanwhile, transshipment activity (TS) jumped by 22.98% to 12,915 TEU for the month of September 2022, compared to September 2021.
In more details, the transshipment volume of CMA CGM, one of the two major shipping lines operating at the Port of Beirut, decreased annually by 20.32% to stand at 69,914 TEU by September 2022. In contrast, transshipment volume of MSC, the other major line, added 104.58% YOY to 19,726 TEU by September 2022. Furthermore, the local volume of CMA CGM jumped substantially by 47% to reach 139,738 TEU; same for the local volume of MSC which increased by 40.04% to stand at 100,816 TEU by the month of September 2022.
Yearly total container activity including transshipment (TEU+TS) in twenty-foot by September:
Source: PoB, BLOMINVEST