Beirut Port activity down in September 2003
Maritime activity in Lebanon dropped by 1.4 percent for the year ending September 2003, with freight activity dropping to 419,500 tons, according to Port of Beirut statistics.
For the first-nine months of 2003, port revenues totaled $52.06 million, down 0.9 percent from the same period in 2002 while cumulative freights decreased by 6.2 percent to 3.6 million tons.
Slated for privatization, the Port of Beirut generates around $70 million a year from port fees alone. The harbor recorded a 4.5 percent drop in revenues in the first half of 2002 reaching $69.6 million compared to figures recorded for the corresponding period in the previous year. — (menareport.com)
© 2003 Mena Report (www.menareport.com)