Cambodia’s largest port reports US$14-M revenues, + 14% in 1st 5 months of Y 2012

Updated July 02, 2012 

livetradingnews.com

 

Cambodia’s largest Sihanoukville Autonomous Port (SAP) Saturday reported that it earned the total revenues of about US$14-M in the 1st 5 months of this year, + 14 rise from US$12.3-M at the same period last year.

The port’s report showed that from January to May this year, the port had received some 100,000 twenty-foot-equivalent units, TEUs or standard-sized containers, + 8% compared with the same period last year.

Goods exported through the port are mostly garment products and agricultural products including rice, rubber and cassava, whilst imported products include construction materials, agricultural machinery, petroleum, vehicles, coal, and garment raw materials.

Lou Kim Chhun, the SAP’s director general, said the increase in shipments and revenues was thanks to growing business activities, especially in the fields of garments, rice, rubber, and cassava.

SAP, situated some 230 kilometers southwest of the capital Phnom Penh, is the main economic path between Cambodia and the World. The state-owned port is going to list in the Cambodia Securities Exchange later this year.

During the period, Phnom Penh Autonomous Port, the Kingdom’s 2nd largest port, said that it received 31,000 TEUs, + 11% compared to the same period last year.