Logo of Phnom Penh Post newspaper Phnom Penh Post - Ports see traffic drop by double digits in '09

Ports see traffic drop by double digits in '09

Ports see traffic drop by double digits in '09

CAMBODIA’S three major ports saw shipments and revenues fall in 2009 as garment and construction trade slumped, operators said.

Officials from the Kingdom’s largest port, Sihanoukville Autonomous Port (PAS), said Sunday that revenues declined an annualised 16 percent in 2009, from US$28.8 million to $24.19 million.

The gross amount of cargo going through the Sihanoukville fell by around 13 percent and the number of containers handled by around 20 percent, they said.

In the last 12 months, revenues at Phnom Penh Autonomous Port (PPAP) fell 15 percent.

Oknha Mong Port, in Preah Sihanouk province, saw cargo shipments – mostly construction materials, consumer goods and fruit from Thailand – reduce by 10 percent.

Lou Kim Chhun, director-general of PAS, on Sunday blamed the slump on falling garment exports and construction imports.

According to statistics from the Commerce Ministry’s Trade Preferences System Department, obtained last week, garment exports plummeted 20.83 percent to $2.14 billion in the first 11 months of 2009, compared with $2.71 billion in the same period of 2008.

But Lou Kim Chhun, who emphasised that PAS still operated at profit, remained hopeful about the year ahead. “We expect to see revenues return to 2008 levels due to increased output in agricultural products such as rice and corn. This will increase exports,” he said.

Eang Veng Sun, deputy general of PPAP, was less positive, adding that he believed 2010 could be similar to last year.

MOST VIEWED

  • Government hits back at threats to pull EBA, suspend UN seat

    The spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. Ignoring the ultimatum could mean facing

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment

  • Sar Kheng: Sokha requested security

    Interior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey

  • ‘Dire consequences’ from sanctions, warns AmCham

    American businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said