Port of Beirut Revenues Declined by 2.05% y-o-y to Settle at $179.47M by October 2014


Port of Beirut (PoB) revenues declined by 2.05% year-on-year (y-o-y) to settle at $179.47M by October 2014.  Imported cars barely changed by October 2014, decreasing by 0.33% from the same period in 2013, to 75,035 cars. Likewise, the number of vessels docked at the country’s main port dropped by 5.74% y-o-y to 1,658 vessels. However, total container activity including transshipment maintained its increase, going up 8.81% from last year, to reach 1,020,246 twenty-foot equivalent units (TEU), by September. Container activity excluding transshipment inched up by 0.34% y-o-y to 640,453 TEU. Transshipment alone significantly rose by 26.88% y-o-y to 379,793 TEU. Total volume of merchandise (imports and exports) increased by 1.52% to 6.92M tons. In addition, CMA CGM’s transshipment volume grew by 49.00% y-o-y to 158,426 TEU. Similarly, that of MSC also increased, by 16.97% to 206,796 TEU.

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