Logo of Phnom Penh Post newspaper Phnom Penh Post - Port aims for 20 percent growth

Port aims for 20 percent growth

Port aims for 20 percent growth

THE total amount of goods shipped through the Phnom Penh Autonomous Port increased 44 percent in 2010 compared to a year earlier, and it plans to ship a further 20 percent this year.

Some 62,256 Twenty-Foot Equivalent Units (TEUs) were shipped through the port in 2010, according to a report yesterday.

Port Director Hei Bavy told The Post the port plans to ship about 75,000 TEUs of freight this year, banking on increased goods from the Kingdom’s economy.

The 2010 increase was partly due to eased shipping requirements between Cambodia and Vietnam, he said.

“We received more shipments last year because both governments worked to facilitate access for ships,” he said. “It is also due to our port being located near production and construction sites.”

Cambodia and Vietnam agreed to collaborate more extensively on shipping goods via water in a memorandum of understanding  signed by representatives of both countries on December 17, 2009.

Under the terms of the MoU, ships from Cambodia have direct access to Vietnam’s Cai Mep deep water port with relatively few restrictions, while Vietnamese ships can access Phnom Penh Autonomous Port, according to Hei Bavy.

“We hope the port will be able to ship more goods this year, because Cambodia has planned to export more rice to international markets,” he said yesterday.

Currently, the port mainly receives shipments such as raw materials for the garment sector, construction materials, and fuels, according to a report from Phnom Penh Autonomous Port.

MOST VIEWED

  • US to ramp up sanctions after ‘flawed’ national polls

    At a press conference on Wednesday, the US State Department announced that it would expand visa sanctions on the Cambodian officials and individuals it deems responsible for “undermining democracy” in Cambodia. At the briefing, spokesperson Heather Nauert reiterated that the department regarded the July 29 elections

  • Final poll results confirm first single-party Assembly

    IN an unprecedented situation in Cambodian politics, the official results of the July 29 national elections have declared that the Cambodian People’s Party (CPP) will take all 125 seats in the National Assembly on the back of it receiving 76 per cent of the votes. The National

  • PM's Bodyguard commander hits back at US

    The commander of Prime Minister Hun Sen’s Bodyguard Unit (BGU) Hing Bun Heang on Sunday dismissed a short video clip that went viral on social media in which he says he is preparing for a war with the United States over its aggressiveness towards

  • Chinese influence to sweep Kingdom?

    Growing Cambodia-China ties have seen the latter’s influence sweep across the Kingdom through increased investments and tourism. The Asian giant has become the leading source of foreign funds in Cambodia, fuelling the construction sector with huge casino and hotel projects. Much of the growth