Logo of Phnom Penh Post newspaper Phnom Penh Post - Port cargo traffic rises on swelling economy

Port cargo traffic rises on swelling economy

Sihanoukville Autonomous Port in Preah Sihanouk province in 2014.
Sihanoukville Autonomous Port in Preah Sihanouk province in 2014. Heng Chivoan

Port cargo traffic rises on swelling economy

Container traffic at Sihanoukville Autonomous Port (SAP), which operates the country’s only deep-sea port, increased by almost 10 per cent during the first quarter of the year, compared to a year earlier, while tonnage rose by 11.5 per cent, a company official said yesterday.

“The significant growth is related to our strong economy, which is driving an increase in import and export activity,” said SAP director-general Lou Kim Chhun.

“When the economy is growing our port activities grow accordingly.”

He said the port received approximately 95,000 20-foot equivalent unit (TEUs) containers during the first quarter of 2016, up from about 86,000 during the same period a year earlier. Total volume topped 1.1 million tonnes, from 940,000 tonnes during the first quarter in 2015.

Total imports during the first quarter of the year were up 12.8 per cent, while exports rose 7.8 per cent, according to Chhun.

He also attributed the double-digit growth to the port’s ability to handle bigger cargo ships, which has increased throughput while raising the port’s visibility on the international radar.

“When we can receive bigger ships that can carry more containers, the price becomes cheaper, so our port is seen as very competitive and attractive,” he said.

He predicted that the growth would continue into the next quarter, which would boost the port operator’s appeal to investors as it prepares to list on the Cambodian stock exchange.

“We are trying hard to work on our plan to list our company in a stock exchange this year,” Chhun added.

MOST VIEWED

  • Omicron patients can stay home: PM

    The Ministry of Health has issued a directive on the treatment of people who have tested positive for the highly transmissible Omicron coronavirus variant, following a suggestion from Prime Minister Hun Sen on the night of January 21. The directive permits home quarantine for those who

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • Hun Sen gets 4th Covid shot, urges compatriots to follow

    Prime Minister Hun Sen and his wife Bun Rany on January 14 received their fourth dose of Covid-19 vaccine and called on compatriots to follow suit as the Omicron coronavirus variant continues to spread in the community. This marks the launch of Cambodia's fourth-dose vaccination campaign,

  • Fourth dose Covid booster drive jabs 43K in two days

    In the first two days of the fourth-dose Covid-19 vaccination campaign, more than 43,000 people volunteered to get the jabs, while over 4.6 million people have received a third shot. Health ministry spokeswoman Or Vandine said that fourth-dose vaccinations, which began on January 14 exclusively with the Pfizer

  • Singapore backs Cambodia's efforts on Myanmar

    Singaporean Prime Minister Lee Hsien Loong supports Cambodia in its efforts to seek a solution to the ongoing Myanmar crisis as the chair of ASEAN. Lee expressed his support during a meeting with Prime Minister Hun Sen via videoconference on January 14, with the talks focused