Cambodia's Largest Seaport Sees Growth in Container Throughput Last Year
This photo taken on May 1, 2023 shows containers stacking up at the Sihanoukville Autonomous Port in Sihanoukville, Cambodia. (Photo by Ly Lay/Xinhua)
- By Xinhua News Agency
- March 3, 2024 9:00 AM
PHNOM PENH, March 2 (Xinhua) -- The state-owned Sihanoukville Autonomous Port (PAS), Cambodia's largest shipping facility, saw a 6.35 percent rise in container volume in 2023, said its report released on Friday.
The seaport handled 797,778 20-foot-equivalent units, or TEUs (standard-sized containers), last year, up 6.35 percent from 750,148 TEUs a year earlier, the report said.
It added that containerized cargo tonnage increased 12.7 percent to 7.89 million tons from 7 million tons.
"PAS has handled about 60 percent of Cambodia's cargo traffic, greatly contributing to boosting Cambodia's economic growth," PAS Deputy Director General Thay Rithy said in the report.
According to its filing with the Cambodia Securities Exchange (CSX), PAS saw its net profit increase 45 percent to about 30.5 million U.S. dollars in 2023 from 21 million dollars a year earlier.
Meanwhile, the state-owned Phnom Penh Autonomous Port (PPAP), the country's second-largest container hub, reported a 5 percent drop in container throughput in 2023 to 396,225 TEUs from 417,696 TEUs the year before.
The city port also experienced a 36.3 percent decline in its net profit to 9.1 million dollars last year from 14.3 million dollars a year earlier, according to its filing with the CSX.
