Total container activity including transshipment (TEU+TS) decreased by a yearly 5.09% to stand at 371,959 twenty-foot equivalent unit (TEU) for the month of June 2024, with transshipment activity (TS) lessened 12.66% YOY to 110,265 TEU, and container activity (TEU) dropped by 1.49% on a yearly basis to 261,694 TEU by June 2024.
On a monthly basis, total container activity increased by 2.79% to stand at 76,949 twenty-foot equivalent units (TEU). In more details, container activity (TEU) rose 15.76% for the month of June 2024 compared to same month last year to reach 53,373 TEU while transshipment activity (TS) dropped by 18.01% to 23,576 TEU for the month of June 2024.
In more details, the transshipment volume of CMA CGM, one of the two major shipping lines operating at the Port of Beirut, decreased annually by 9.76% to stand at 85,062 TEU by June 2024. However, transshipment volume of MSC, the other major line, rose by 6.93% YOY to 10,499 TEU by the same month. Furthermore, the local volume of CMA CGM dropped by 4.03% to reach 75,672 TEU, and local volume of MSC fell by 10.01% to stand at 57,347 TEU by the month of June 2024.
Yearly total container activity including transshipment (TEU+TS) in twenty-foot by June 2024:
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.