Port of Beirut to enter world's biggest 100 international ports
The Port of Beirut has performed much better than other economic sectors in Lebanon as commercial activity reached all-time high this year. Until December, the port had already handled 945,000 containers, so it is hoped that the figure will pass the 1 million container mark by the end of 2011. This would put the Beirut Port along with the world's biggest 100 international ports.
The growing prospects of the transshipment business were a result of a number of shipping companies moving their operations to Beirut, where operations have become safer and more profitable compared to other countries in a region wracked by political unrest.
Fearing that the port was reaching its full capacity, expansion plans for 2013 should not be delayed if not possibly completed ahead of schedule. The upgrade will also contribute significantly to eliminating delays and pressure on staff and equipment caused by the increasing activity. The overcrowding had already caused ships to wait as long as three days to process shipments at the seaport. (Source: english.nuqudy.com)
- Port & Free Zone World, Russian Railways sign cooperation agreement to explore developing supply chain infrastructure in Russia
- Arab Bank Group enters $5b loan agreement for Dubai World
- NPSS by Exeed Industries Inks MoU with Ukraine-based Metinvest International SA
- Beirut Port to Be Streamlined
- DPI enters European markets with Romanian container deal