Port of Beirut: Container Activity up 9.79% by First Month of 2023

The latest statistics on activity at the Port of Beirut show an annual decrease of 3.38% in the revenues of the Port of Beirut (PoB) to $9M by February 2022, compared to previous year’s $9.31M. We note that no later data on revenue are available as per Port of Beirut statistics.

Total container activity including transshipment (TEU+TS) increased by a yearly 9.79% to stand at 54,870 twenty-foot equivalent unit (TEU) for the first month of 2023 with container activity (TEU) dropped by 1.84% on a yearly basis to 38,525 TEU by January 2023, while transshipment activity (TS) added 52.37% YOY to 16,345 TEU by the same month.

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 90.24% to stand at 13,041 TEU by January 2023. In contrast, transshipment volume of MSC, the other major line, dropped by 56.50% YOY to 860 TEU by the same month. Furthermore, the local volume of CMA CGM jumped slightly by 2.42% to reach 13,041 TEU; same for the local volume of MSC which increased by 5.33% to stand at 10,680 TEU by the month of January 2023.

Yearly total container activity including transshipment (TEU+TS) in twenty-foot by January:

Port of Beirut: Container Activity up 9.79% by First Month of 2023

Source: PoB, BLOMINVEST Bank



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