PPAP sees surge in container throughputs in 2024
PPAP sees surge in container throughputs in 2024
The state-owned Phnom Penh Autonomous Port (PPAP), the second largest port in the country, witnessed remarkable growth in container throughput last year, according to a Business Outcome filed with the Cambodia Securities Exchange.
The PPAP handled container throughput of 480,200 twenty-foot-equivalent units (TEUs), up 21.19 percent from 396,225 TEUs in a year before, the report stated.
The freshwater port handled a throughput of cargoes and gas-fuel of a combined 4.14 million tonnes, a year-on-year increase of 15.91 percent, stated the report, adding that cargo vessels through the port rose by 26.8 percent to 4,894 voyages.
Passenger boats increased by 24.8 percent to 708 voyages carrying on board of a total 36,150 passengers, up 43.73 percent compared to 2023, added the report.
Phan Rim, spokesman at the Ministry of Public Works and Transport, attributed the port’s positive performance to the government’s efforts to enhance infrastructure and streamline customs procedures.
Speaking to Khmer Times, Rim said, “The growth in container throughput is a positive sign, reflecting the growth of businesses and trade activities, contributing to Cambodia’s economy.”
The report did not disclose the amount of profit made.
An official report showed that in the first 11 months of 2024, the port earned $37 million, up 22 percent from $30.3 million in the same period in 2023.
Phan Phalla, Secretary of State of the Ministry of Economy and Finance, has recently said the remarkable increase in manufacturing product exports has fueled the transportation sector in the country.
“The exports of garment and non-garment sectors have increased, boosting the transportation sector as well,” he said.
Cambodia exported goods worth approximately $26.19 billion last year, up 15.7 percent from $22.64 billion in 2023, said a report from the General Department of Customs and Excise of Cambodia.
Meanwhile, the country imported $28.54 billion worth of goods from trading partners, an 18 percent increase year-on-year, read the report.
The main imported goods included petroleum, raw materials for garments, footwear and travel goods, vehicles, machinery, electronic appliances, and consuming products, among others, it added.
The Ministry of Public Works and Transport said that the Phnom Penh Autonomous Port will continue to focus on modernizing operations in accordance with standards and technology systems, increasing the competition with domestic and foreign ports, and bringing port services closer to consumers.
