Total cumulative container activity at the Port of Beirut dropped by 8.4% annually to 640,843 TEU by October 2024, amid the escalation of the Israeli-Hezbollah war in Lebanon. Transshipment activity, which involves cargo transferred from one ship to another at an intermediate port, decreased by 28.12% to 171,526 TEU during the same period due to higher insurance and shipping premiums and safety concerns, leading to the redirection of some cargo to other ports. Meanwhile, container activity, referring to cargo loaded onto or unloaded from ships at the port, saw a slight increase of 1.8% to 469,317 TEU, indicating that the sum of local demand and supply for goods remained relatively stable.
Detailed breakdowns of these changes and additional statistics are provided below.
Annual YTD Container Activity:
Annual Container Activity:
Annual YTD Shipping Line Performance:
Cumulative yearly total container activity including transshipment (TEU+TS) in twenty-foot by October 2024:
Source: Port of Beirut, BLOMINVEST
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