Logo of Phnom Penh Post newspaper Phnom Penh Post - New terminal to allow Sihanoukville port to process bigger loads

New terminal to allow Sihanoukville port to process bigger loads

Content image - Phnom Penh Post
A truck prepares to receive shipping containers at the Sihanoukville Autonomous Port on the Kingdom’s coast. Heng Chivoan

New terminal to allow Sihanoukville port to process bigger loads

The Kingdom’s only deep-sea port, operated by state-owned Sihanoukville Autonomous Port (PAS), will launch a new multipurpose terminal on June 25, to accommodate larger vessels with heavy loads, it said on Wednesday.

PAS Chairman and CEO Lou Kim Chhun said the inauguration of the multipurpose terminal will be presided over by Prime Minister Hun Sen.

Once in operation, the new facility will be able to load shipments weighing in the range of 40,000-50,000 tonnes. This is more than twice the limit of existing terminals.

“As the terminal at the sea-port is deeper and can handle bigger vessels with heavier loads, sea transportation costs will become cheaper,” Kim Chhun said.

He said construction of the new terminal began in early 2015 using a soft loan from the Japanese development agency JICA. The final cost will be more than $70 million.

Cambodia Freight Forwarders Association (CFFA) President Sin Chanthy said that PAS’s new facility will contribute to a greater level of competitiveness in exporting goods and will simplify the work of freight forwarders.

Without the new terminal, Chanthy said PAS could not handle large vessels. This led to fewer customers and congestion while at port.

“With the new terminal becoming operational, large vessels will make up a larger part of the traffic. Goods will be delivered on time in a shorter period which will strengthen the business’s competitiveness,” he said.

Late last year, PAS unveiled plans to build a new container terminal as part of its expansion project after signing an agreement for a low-interest loan of some $209 million.

Completion in 2022 Construction will start by early 2019 and is scheduled to be completed by the end of 2022.

PAS became the fifth listed firm on the Cambodia Stock Exchange (CSX) in June last year, after successfully raising $27 million in its initial public offering process.

The company saw 1,000 shares traded on Wednesday – worth about $1,250. However, there was no movement in its share price which remained at 5,000 riel each, similar to the day before.

MOST VIEWED

  • First Cambodian woman graduates from Japan’s NDA military academy

    A few years ago, Meach Sithyka Jessica became the first-ever Cambodian woman to graduate from the US Military Academy at West Point, and since then her courage and determination has served as an inspiration for other Cambodian women. Similarly, Ly Chansocheata became the first Cambodian

  • Construction begins on $1.5B Kampot seaport

    The International Multi-Purpose Logistics and Port Centre, principally invested by Kampot Logistics and Port Co Ltd and projected to cost $1.5 billion, has officially broken ground in Bokor town, Kampot province. The multi-purpose logistics and port centre, located in Prek Tnaot commune, will be built on

  • Cambodia eyes key role in electronics, auto hubs in SEA

    Two roadmaps, part of the LDC’s economic diversification plan, were designed to see it through its migration process, but experts say the journey might be arduous, particularly in the presence of two established hubs in the region By 2028, Cambodia hopes to have exited the

  • Hun Neng, lawmaker and PM’s brother, passes away aged 72

    Hun Neng, chairman of the 4th Commission of the National Assembly, has passed away from heart disease at the age of 72 on the afternoon of May 5, according to the Ministry of Information. Hun Neng is the older brother of Prime Minister Hun Sen, and was

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with

  • PM meets with US business giants

    Prime Minister Hun Sen has met with a number of major US companies who have expressed interest in investing in Cambodia, in a meeting convened by the US-ASEAN Business Council (US-ABC). A delegation of companies – including Amazon, Meta, Chevron, ConocoPhillips, ExxonMobil, Ford, Visa and Pernod