EDI system, upgrades in the pipeline for Kingdom’s ports

May 18th at 07:56
18-05-2021 07:56:44+07:00

EDI system, upgrades in the pipeline for Kingdom’s ports

The Ministry of Public Works and Transport on May 15 said it is preparing to expand Sihanoukville Autonomous Port and set up an Electronic Data Interchange (EDI) system at the Kingdom’s ports to ramp up inventory and logistics control and boost exports.

This comes as the government sets its sights on industrial development near the ports to “make Cambodia a competitive strategic location in Asia in terms of logistics and transportation”, the ministry said via Facebook.

EDI is the digital exchange of business documents and data in a standardised electronic format between trading partners.

The ministry stressed the increasing importance that the maritime dimension plays in the transport of goods, noting that the Kingdom’s flagship deep-sea port has its hands full with cargo-handling activity.

“Cambodia’s only deep-sea port is an important economic lifeline that has helped propel the national economic growth forward. Obviously, the volume of cargo passing through and loading equipment at the port has increased significantly from year to year, as has the port’s and national revenue,” it said.

It added that the EDI system will facilitate the formal procedures of ships entering and leaving the port in order to speed up the process and reduce warehousing and marine shipping costs, and to better accommodate rising international investment.

Cambodia Logistics Association (CLA) president Sin Chanthy told The Post on May 16 that the government’s increased focus on industrial development near the ports was progress towards advancing the international shipping industry and a necessity for the Kingdom to become a manufacturing and export hub.

He said waterway transport accounts for more than 70 per cent of international freight movement and is cheaper than other means – around 10-20 per cent the cost of shipping by air.

“The development of standardised ports is very important. It is closely related to enhancing the capacity and calibre of goods-export services from Cambodia to regional and international markets,” he said.

With upgraded ports able to handle larger ships that are loaded with “thousands of containers”, the Kingdom could reap in tonnes of profit, Chanthy said.

Lou Kim Chhun, director-general of the deep-sea port’s stock-listed operator Sihanoukville Autonomous Port (PAS), told The Post late last month that a new container terminal for the port will be built by early next year.

The 350m-long and 14.5m-deep container terminal will be able to handle 60,000 DWT ships – or those carrying around 5,000 TEUs. Operations are expected to begin in mid-2024, he said.

He said larger ships would be able to dock at the port, which will help reduce shipping costs and time, as well as increase Cambodia’s competitiveness.

phnompenh post

 



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

KNPG Investment gets Koh Kong sand-mining licence

KNPG Investment Co Ltd obtained a licence to mine silica sand in Koh Kong province's southwest, at a site previously operated by Sibelco (Cambodia) Co Ltd.

Kingdom seeks buyers for crude amid discouraging production

The government and Singaporean oil exploration firm KrisEnergy Ltd are actively working together to find markets for the crude oil produced offshore Cambodia and to...

Cassava, cashew nut, mango exports to Vietnam up almost 149%

Cambodia exported more than 1.11 million tonnes of cassava, cashew nuts and fresh mangoes to Vietnam in the first three months of 2021, up by nearly 149 per cent...

Oddar Meanchey coal power plant set for next year

A 265MW coal-fired power plant in Oddar Meanchey province is scheduled to begin operations early next year as construction of the plant's infrastructure and...

Cambodia, Vietnam vow to lift trade, industry ties

Vietnamese Minister of Industry and Trade Nguyen Hong Dien held a working session with Cambodian ambassador Chay Navuth in Hanoi on May 6 to discuss measures to...

Gov't committed to expand BFC to travel goods

The Cambodian government, through the Ministry of Labour and Vocational Training, is committed to expanding the scope of the implementation of the Better Factories...

Gov't firm on aquaculture smuggling stance

The government has reaffirmed its stringent stance over the smuggling of aquaculture products into the Kingdom as a means to sustain local production.

Ministry invites businesses to China import expo

The Ministry of Commerce has called on local traders, businesspeople and enterprises to participate in The 4th China International Import Expo (CIIE) and seize...

Garments, footwear, travel goods exports slip 6.48% in Q1

The Kingdom exported $2.410 billion worth of garments, footwear and travel goods in the first quarter of this year, shrinking 6.48 per cent from the $2.577 billion...

Food market drive to extend past lockdown

The Ministry of Commerce will continue its campaign to sell goods at below-market prices in blocked off areas in Phnom Penh, even as the capital and Kandal...


MOST READ


Back To Top