Port of Beirut Revenues Declined by 2.72% to $195.74M by November

Port of Beirut (PoB) revenues declined by 2.72% year-on-year (y-o-y) to settle at $195.74M by November 2014.

Imported cars decreased by 0.97% to 82,130 cars, by November. Likewise, the number of vessels docked at the country’s main port dropped by 7.63% y-o-y to 1,803 vessels.

In contrast, total container activity including transshipment jumped by 8.59% from last year, to reach 1,113,289 twenty-foot equivalent units (TEU), by November. Container activity excluding transshipment inched up by 0.89% y-o-y to 701,644 TEU. Transshipment alone surged by 24.80% y-o-y to 411,645 TEU. Total volume of merchandise (imports and exports) added 0.29% to 7.52M tons.

In addition, CMA CGM’s transshipment volume grew by 42.49% y-o-y to 173,787 TEU. Similarly, that of MSC also increased, by 17.02% to 221,946 TEU.

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