Port of Beirut: Container Activity up 6.03% by February 2023

Total container activity including transshipment (TEU+TS) increased by a yearly 6.03% to stand at 110,493 twenty-foot equivalent unit (TEU) for the month of February 2023, with container activity (TEU) dropped by 8.19% on a yearly basis to 77,351 TEU by February 2023, while transshipment activity (TS) added 66.02% YOY to 33,142 TEU by the same month.

On a monthly basis, total container activity added 2.56% to stand at 55,623 twenty-foot equivalent units (TEU), while container activity (TEU) dropped by 13.72% for the month of February 2023 compared to same month last year to reach 38,826 TEU. Meanwhile, transshipment activity (TS) grew by 81.86% to 16,797 TEU for the month of February 2023, compared to 9,236 TEU in February 2022.

In more details, the transshipment volume of CMA CGM, one of the two major shipping lines operating at the Port of Beirut, increased annually by 98.08% to stand at 15,774 TEU by February 2023. In contrast, transshipment volume of MSC, the other major line, dropped by 51.67% YOY to 648 TEU by the same month. Furthermore, the local volume of CMA CGM rose slightly by 4.21% to reach 12,921 TEU; meanwhile, local volume of MSC fell by 20.32% to stand at 7,388 TEU by the month of February 2023.

 

Yearly total container activity including transshipment (TEU+TS) in twenty-foot by February 2023:

Port of Beirut: Container Activity up 6.03% by February 2023

Source: PoB, BLOMINVEST Bank

 

This article is a research document that is owned and published by Blominvest Bank SAL.

No material from this publication may be modified, copied, reproduced, repackaged, republished, circulated, transmitted or redistributed directly or indirectly, in whole or in any part, without the prior written authorization of Blominvest Bank SAL.

The information and opinions contained in this document have been compiled from or arrived at in good faith from sources deemed reliable. Neither Blominvest Bank SAL, nor any of its subsidiaries or affiliates or parent company will make any representation or warranty to the accuracy or completeness of the information contained herein.

Neither the information nor any opinion expressed in this research article constitutes an offer or a recommendation to buy or sell any assets or securities, or to provide investment advice.

This research article is prepared for general circulation and is circulated for general information only.

Leave a Reply

Your email address will not be published. Required fields are marked *