Home Cambodia Companies

Capital port signs MoU for container shipping

Nov 7th at 08:08
07-11-2017 08:08:14+07:00

Capital port signs MoU for container shipping

The Phnom Penh Autonomous Port (PPAP) announced yesterday that it recently signed a memorandum of understanding (MoU) with contractor KTC International in an effort to establish future cooperation between the two entities, according to a filing on the Cambodia Stock Exchange (CSX).

As part of the MoU, the two parties will conduct a feasibility study to discuss an offer of shared shipping container services, with KTC transporting containers from PPAP’s new LM17 container terminal to its clients.

Both PPAP and KTC are also seeking to jointly operate a 2-hectare warehouse within the new LM17 container terminal and to develop a container yard on a 4-hectare plot of land near the Kob Srov Dike in northwestern Phnom Penh.

phnompenh post

MOST READ

NEWS SAME CATEGORY

Garment firm GTI to take out loan for $4.2M
COMPANIES Sep 5th at 09:42

Garment firm GTI to take out loan for $4.2M

Taiwanese-owned garment manufacturer Grand Twins International (GTI) will take out a short-term loan for about $4.2 million from an unnamed financial institution to...

Water utility says order to drop rates will not dilute its revenues
COMPANIES Aug 30th at 11:07

Water utility says order to drop rates will not dilute its revenues

Prime Minister Hun Sen’s order for the capital’s water supplier to lower its rates and compensate customers for charges incurred under a new payment scheme...

Capital’s port shows profit growth for H1
COMPANIES Aug 18th at 08:56

Capital’s port shows profit growth for H1

The capital’s listed port operator, Phnom Penh Autonomous Port (PPAP), reported net profits of $1.6 million for the first half of 2017, a 2.5 percent increase...

Garment maker GTI posts falling numbers
COMPANIES Aug 18th at 08:55

Garment maker GTI posts falling numbers

Taiwanese-owned garment manufacturer Grand Twins International (GTI) posted a 0.88 percent drop in revenue for the second quarter this year that led to net profits...

Revenue levels rise at captial water authority
COMPANIES Aug 15th at 08:12

Revenue levels rise at captial water authority

Phnom Penh Water Supply Authority (PPWSA) reported total revenue of $14.7 million during the second quarter of the year, a 15.5 percent increase from the same...

Industrial park firm diversifies activities
COMPANIES Jul 11th at 09:01

Industrial park firm diversifies activities

Phnom Penh SEZ, the developer and operator of the capital’s largest industrial park, has taken stakes in two new companies as a way of expanding its business...

CEO seeks to convert Naga capital to stock
COMPANIES Jun 27th at 10:37

CEO seeks to convert Naga capital to stock

Chen Lip Keong, CEO of NagaCorp Ltd, announced that he would seek to transfer his personal investment of $369 million used for the development of Naga 2 and...

Yen strength weakens Sihanoukville Autonomous Port profits
COMPANIES Jun 15th at 08:42

Yen strength weakens Sihanoukville Autonomous Port profits

Newly listed Sihanoukville Autonomous Port (PAS) reported a 30 percent decline in profits for 2016, despite increased revenue generation, due to what it claimed...

Naga CEO Lip Keong seeking majority stake
COMPANIES Jun 13th at 16:54

Naga CEO Lip Keong seeking majority stake

Nagacorp Ltd, the operator of Phnom Penh’s NagaWorld hotel and casino complex, announced that the company’s chief executive, Chen Lip Keong, has submitted a...

Port’s listing delayed until after elections
COMPANIES May 30th at 13:28

Port’s listing delayed until after elections

The listing date for Sihanoukville Autonomous Port (SAP) has been postponed until after commune elections to ensure attendance by senior state officials and...

Read More

MOST READ

Back To Top