BEIRUT: The Beirut Port freight activity contracted by 4.66 percent during the month of June 2014 to nearly 687,000 tons, down from around 721,000 tons in May, as reported by Credit Libanais Market Watch.
Beirut Port activity also came in 5.21 percent lower year-over-year when compared to the 725,000 tons reported in June 2013. On a cumulative basis, the Beirut Port freight activity rose by 3.91 percent year-over-year to 4,251 tons during the first half of the year 2014, up from 4,091 tons during that same period in 2013.
Similarly, the number of vessels increased by 1.29 percent year-over-year to 1,019 up to June 2014, from 1,006 vessels a year earlier, with the number of containers firming at 609,589. The number of imported cars via the Beirut Port, however, shed 10,191 cars on an annual basis to 38,107 as at the end of June 2014.
A version of this article appeared in the print edition of The Daily Star on July 18, 2014, on page 5.