Total container activity including transshipment (TEU+TS) increased by a yearly 15.74% to stand at 757,336 twenty-foot equivalent unit (TEU) for the month of November 2023, with transshipment activity (TS) adding 92.5% YOY to 255,089 TEU, while container activity (TEU) dropped by 3.28% on a yearly basis to 502,246 TEU by November 2023.
On a monthly basis, total container activity decreased by 4.63% to stand at 57,707 twenty-foot equivalent units (TEU). In more details, container activity (TEU) diminished by 4.61% for the month of November 2023 compared to same month last year to reach 41,249 TEU while transshipment activity (TS) grew by 12.62% to 16,458 TEU for the month of November 2023, compared to 14,614 TEU in November 2022.
Specifically, the transshipment volume of CMA CGM, one of the two major shipping lines operating at the Port of Beirut, increased annually by 75.46% to stand at 166,292 TEU by November 2023. Similarly, transshipment volume of MSC, the other major line, added 130.65% YOY to 49,126 TEU by the same month. Furthermore, the local volume of CMA CGM dropped by 8.99% to reach 156,931 TEU, and local volume of MSC fell by 12.42% to stand at 101,124 TEU by the month of November 2023.
Yearly total container activity including transshipment (TEU+TS) in twenty-foot by November 2023:
Disclaimer :
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.