skip to Main Content
Beirut Port See Revenue Down Over 40% In First Ten Months

Beirut port see revenue down over 40% in first ten months

Source: BCTC
Beirut, Lebanon (PortSEurope) November 27, 2020 – In the first 10 months of 2020, Beirut port handled 373,737 containers, a decrease of 42.2% on the same period of 2019. Over the same period, the number of ships visiting the port was down 23,2% to 1,153. The port handle 3.68 million tons of cargo, down 35,9% on last year and transshipments reduced 34.3% to 257,837 containers,
following an increase of 14.9% in the first 10 months of 2019. In the same period the port’s revenue was down 44.5% at $92.4 million. The explosion on August 4 of some 2,700 tonnes of unsafely stored ammonium nitrate that killed almost 200 people, injured 6,000, left over 300,000 without proper housing and with damages estimated at $15 billion. Reduced activity has subsequently started but cargo traffic, which was reducing before the explosion, will be difficult to revive. Copyright (C) PortSEurope. All Rights Reserved. 2020.

To continue reading please subscribe or log in.

PortSEurope offers an English-language daily coverage from over 200 ports in the Mediterranean, Black and Caspian Seas as well as a fully indexed and easily searchable database with more than 15,000 articles.

Subscribe now
Back To Top