Total container activity including transshipment (TEU+TS) increased by a yearly 17.36% to stand at 621,781 twenty-foot equivalent unit (TEU) for the month of September 2023, with transshipment activity (TS) adding 110.3% YOY to 218,647 TEU, while container activity (TEU) dropped by 6.22% on a yearly basis to 403,132 TEU by September 2023.
On a monthly basis, total container activity dropped by 7.61% to stand at 58,961 twenty-foot equivalent units (TEU), while container activity (TEU) dropped by 15.1% for the month of September 2023 compared to same month last year to reach 42,968 TEU. Meanwhile, transshipment activity (TS) grew by 23.83% to 15,993 TEU for the month of September 2023, compared to 12,915 TEU in September 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 100.96% to stand at 140,499 TEU by September 2023. Similarly, transshipment volume of MSC, the other major line, added 126.67% YOY to 44,712 TEU by the same month. Furthermore, the local volume of CMA CGM dropped by 13.44% to reach 120,957 TEU, and local volume of MSC fell by 17.37% to stand at 83,302 TEU by the month of September 2023.
Yearly total container activity including transshipment (TEU+TS) in twenty-foot by September 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.