Logo of Phnom Penh Post newspaper Phnom Penh Post - Port revenues hit $35m last year

Port revenues hit $35m last year

Port revenues hit $35m last year

Services and shipping across Cambodia’s two major ports generated total revenues of US$35 million in 2010, according to official data released yesterday, a rise of around 31 percent.

Sihanoukville Autonomous Port, the biggest port in the Kingdom, generated about $28.42 million  in revenues last year, according to pre-audit figures. This was up $3.27 million from $25.15 million in 2009, according to data.

The state-run authority which manages the port has been tipped as being set to list on Cambodia’s upcoming stock exchange. Meanwhile, Phnom Penh Autonomous Port, the Kingdom’s second largest port, received total revenues of $6.5 million in 2010, up from just $1.5 million in 2009.

Representatives of both ports told The Post yesterday that the gains were due to an  increase of shipments in 2010 from a year earlier.

Hei Bavy, director of Phnom Penh Autonomous Port, said yesterday freight shipped through the port had soared around 44 percent, from 62,256 Twenty-foot Equivalent Units in 2010, up from 43,312 TEUs in 2009.

“I hope that the port will generate more income this year because better economic recovery requires more demand for goods,” he said.

He highlighted the growing potential of shipments of agricultural products, construction materials, clothes, raw materials for the garment sector and other commodities during 2011.

Ma Sun Hout, deputy director of Sihanoukville’s port, said that total shipments in 2010 were 2.217 million tonnes, a rise of  about18 percent on 2009.

“We still hope to receive more shipments this year because it signals a positive economic environment,” he said. Profits were not released.

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