CAMBODIA's Sihanoukville Autonomous Port (PAS), 132 miles from the inland capital Phenon Penh, handled 283,918 TEU, up 36.5 per cent in the third quarter year on year.
In Q3, the port saw revenues of RIEL120 billion (US$30 million), an increase of 27 per cent year on year. Net losses after tax fell by RIEL29 billion, a 135 per cent drop year on year.
At the end of Q3, PAS also inaugurated a new container terminal, which is expected to boost export and import capacity.
'PAS will continue its efforts to improve its business and service operations and achieve the best results for our shareholders,' said PAS chairman and CEO Lou Kimchhun.
'PAS has strengthened work efficiency and built additional infrastructure to meet the increasing demand of customers and the Kingdom's growing economy,' he said.
An additional container terminal, equipped with modern lifting equipment, was inaugurated by Prime Minister Hun Manet on September 12. The new terminal represents a major upgrade for a 350 metre wharf which was constructed in 1969.
At present, the PAS has three operational terminals.
Construction of the first phase of a new deep-water container port began last December and is expected to be completed by 2025.
With a length of 350 metres and depth of 14.5 metres, it will allow larger container vessels, with a capacity of up to 60,000 dwt (4,000 TEU), to dock at the port.
The project is expected to be completed by mid-2027. The port's annual container handling capacity will reach 1,250,000 TEU when the new terminal is launched.
Chea Chandara, president of the Logistics and Supply Chain Business Association in cambodia (LSCBA), said the increase in containers passing through the port indicates growth in Cambodia's manufacturing sector and the national economy as a whole.
'The volume of cargo at PAS is expected to continue rising as Cambodia attracts increasing foreign and domestic investment to enhance its export capacity.
Statistics from the General Department of Customs and Excise of Cambodia (GDCE), published on November 11, revealed that from January to October, Cambodia's total trade volume with all partner countries reached $45.06 billion, up 16.5 per cent compared to the same period in 2023, which amounted to $38.67 billion.
Of this, exports were valued at $21.57 billion, up 16 per cent from $18.59 billion, while imports totalled $23.49 billion, an increase of 16.5 per cent from $20.07 billion.
SeaNews Turkey
In Q3, the port saw revenues of RIEL120 billion (US$30 million), an increase of 27 per cent year on year. Net losses after tax fell by RIEL29 billion, a 135 per cent drop year on year.
At the end of Q3, PAS also inaugurated a new container terminal, which is expected to boost export and import capacity.
'PAS will continue its efforts to improve its business and service operations and achieve the best results for our shareholders,' said PAS chairman and CEO Lou Kimchhun.
'PAS has strengthened work efficiency and built additional infrastructure to meet the increasing demand of customers and the Kingdom's growing economy,' he said.
An additional container terminal, equipped with modern lifting equipment, was inaugurated by Prime Minister Hun Manet on September 12. The new terminal represents a major upgrade for a 350 metre wharf which was constructed in 1969.
At present, the PAS has three operational terminals.
Construction of the first phase of a new deep-water container port began last December and is expected to be completed by 2025.
With a length of 350 metres and depth of 14.5 metres, it will allow larger container vessels, with a capacity of up to 60,000 dwt (4,000 TEU), to dock at the port.
The project is expected to be completed by mid-2027. The port's annual container handling capacity will reach 1,250,000 TEU when the new terminal is launched.
Chea Chandara, president of the Logistics and Supply Chain Business Association in cambodia (LSCBA), said the increase in containers passing through the port indicates growth in Cambodia's manufacturing sector and the national economy as a whole.
'The volume of cargo at PAS is expected to continue rising as Cambodia attracts increasing foreign and domestic investment to enhance its export capacity.
Statistics from the General Department of Customs and Excise of Cambodia (GDCE), published on November 11, revealed that from January to October, Cambodia's total trade volume with all partner countries reached $45.06 billion, up 16.5 per cent compared to the same period in 2023, which amounted to $38.67 billion.
Of this, exports were valued at $21.57 billion, up 16 per cent from $18.59 billion, while imports totalled $23.49 billion, an increase of 16.5 per cent from $20.07 billion.
SeaNews Turkey
