Logo of Phnom Penh Post newspaper Phnom Penh Post - PPAP cargo throughput up despite road rivalry

PPAP cargo throughput up despite road rivalry

PPAP cargo throughput up despite road rivalry

Cargo traffic through Phnom Penh’s Autonomous Port grew more than 6 per cent for the first nine months of 2015, with around 108,700 TEUs of goods passing through the port, according to data released by the port yesterday.

Hei Bavy, general director of Phnom Penh Autonomous Port (PPAP), said that while cargo passage may have increased at the port, PPAP was seeing increasing competition from land logistical services.

“In general, we have more competitors on the road, which hindered growth at the the port,”he said.

Despite the increased competition, Bavy said the port could see a 10 per cent increase in goods passing through the port by the end of this year.

This growth, Bavy said, will be further fuelled once the business completes its listing on the Cambodia Securities Exchange.

“We could say that there will be more companies joining from the private sector and that the port will gain new growth,” he said.

PPAP will be the second state-owned enterprise to be listed on the bourse, after the Phnom Penh Water Supply Authority, and could list as early as next month.

“We are following our plans,” Bavy said. “SECC board members will convene soon and we will follow our usual steps.”

PPAP, located on the Mekong River in Kien Svay district, about 30 kilometres east of Phnom Penh, is Cambodia’s second-largest port.

MOST VIEWED

  • Breaking: US House passes 'Cambodia Democracy Act'

    The US House of Representatives in Washington, DC, on Monday, passed the “HR 526 Cambodia Democracy Act”, also known as the Cambodia Democracy Act of 2019. If signed off by the president, the bill will allow two major sets of action to be taken against high-ranking Cambodian

  • ‘Zero-dollar’ tours under fire

    Minister of Tourism Thong Khon has blamed “zero-dollar” tour operators for the decrease in foreign tourists to Angkor Archaeological Park in the first half of this year and has called for action against them. Angkor Archaeological Park received 1.24 million foreign visitors in the first half

  • Breaking: Rubbish found packed inside 83 containers at S'ville port

    Eighty-three containers packed with rubbish were broken open at Sihanoukville Autonomous Port by joint authorities on Tuesday. The origin of the containers has yet to be ascertained, Ministry of Environment spokesman Neth Pheaktra said. Pheaktra, who is also the ministry’s secretary of state, said

  • Some jobs off limits to foreigners from August

    Beginning from the second week of August, foreigners will be banned from driving taxis and tuk-tuks, as well as being motorcycle delivery drivers, street food vendors, hairdressers and product distributors among other lower-income jobs. Some white-collar jobs such as the head of human resources will