Econostrum | Economic News in the Mediterranean



The port of Beirut suffered less than expected

Port of Beirut 15 August 2020. Photo Wikipedia
Port of Beirut 15 August 2020. Photo Wikipedia
LEBANON. Bassem el-Kaïssi, the new director of the port of Beirut (the old one is in prison) announced Thursday, August 27 that "the port is working again at 100%, for imports and exports". The infrastructure partly blown up by the explosion is working again, only three weeks after the disaster. In fact, the port has already been receiving ships for about ten days.
9,000 containers were unloaded between 11 and 18 August 2020. The container terminal is located 1.5 kilometres from the crater caused by the blast. 2 of the 16 gantry cranes have remained operational.
The French army has cleared a large part of the rubble, equivalent to the weight of the Eiffel Tower, but an entire area remains frozen for the purposes of the investigation, while several sunken ships await the passage of the insurance experts. A billion dollars of work will be required to repair all the damage to the platform.
The port of Beirut is essential in Lebanon. 60% of the country's imports transit there. Lebanon brings in 80% of the foodstuffs that its population consumes from abroad.

Gérard Tur

Thursday, August 27th 2020

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