Logo of Phnom Penh Post newspaper Phnom Penh Post - Port signs new deals with Vietnamese companies

Port signs new deals with Vietnamese companies

A crane unloads containers from a docked ship at the Phnom Penh Autonomous Port.
A crane unloads containers from a docked ship at the Phnom Penh Autonomous Port. Pha Lina

Port signs new deals with Vietnamese companies

The Phnom Penh Autonomous Port (PPAP) announced a new partnership on Tuesday with Vietnamese company Viet Sac Port Service to set up local maintenance and repair service of shipping containers at its new LM17 container terminal located 30 kilometres south of Phnom Penh in Kandal province.

Hei Bavy, chief executive of PPAP, said yesterday that the state-run port was looking to partner with shipping firms that could handle maintenance services for a long time, due to the ports insufficient in-house capabilities.

While the port did in fact offer repair services in the past, the quality was not recognised by clients and forced them to send containers to Thailand or Vietnam for lengthy repairs.

“Container owners always demanded that we have maintenance services in our port,” he said, adding that most ports internationally carry that service. “Now, if the container is broken in our port, we can provide standard quality repairs, saving time and money for clients.”

Bavy explained that PPAP will provide the space for the repair service while Viet Sac Port Service will be in charge of providing the actual maintenance and the human resources for the operations. Prices for the service will vary according to container size.

This is the second agreement in two weeks that the port has signed with a Vietnamese company. Last week, PPAP signed a deal with the Vietnamese firm Global Logistics Services for lift-on, lift-off services.

Port container traffic in the capital, a measure of the flow of containers between land and sea transport methods, decreased by 6.79 percent during the first quarter compared with the same period last year.

However, PPAP, which became the third company to list on the Cambodian Securities Exchange (CSX) last December, raising $5.2 million in its IPO, showed healthy second-quarter growth.

The company recorded total revenue of $3.65 million for from April to June of this year, an increase of 5 per cent compared to the same period in 2015. The company’s net profit grew by 13 per cent year-on-year to $746,170 during the period.

The river port is Cambodia’s second largest port by throughput.

MOST VIEWED

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro

  • ACLEDA, WU to enable global money transfers

    Cambodia's largest commercial bank by total assets ACLEDA Bank Plc and global money transfer firm Western Union (WU) have partnered to offer customers cross-border money transfers to 200 countries via “ACLEDA mobile” app. In Channy, president and group managing director of ACLEDA, said the June 22 agreement

  • Cambodia detects new Covid cases after 52 days: PM

    After 52 days of zero new Covid-19 cases, Cambodia has now detected new infections, according to Prime Minister Hun Sen. In his special audio address to the nation late on June 28, Hun Sen said the new cases were detected on people who had undergone PCR tests

  • Higher education leaders tour US

    With support from the US Department of State, 10 Cambodian leaders in higher education participated in the 10-day International Visitors Leadership Programme (IVLP) in three US states from June 19 to July 1. They included nine university rectors and directors of higher education institutions who are members of

  • Gold-covered boundary stone found within Angkor Thom’s West Gate

    The Apsara National Authority (ANA) announced that their working group in charge of restoration work at Angkor Thom's Takav Gate or the West Gate recently found an ancient stone slab commonly known as a boundary stone. The boundary stone is 53 cm by 53 cm and 12 cm