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

July 02, 2012
Ebeling Hefferman

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.

Sihanoukville to list

26 Mar 2011
PortStrategy.com

SBI Phnom Penh Securities Co, Ltd. has been appointed by the Ministry of Economy and Finance of Cambodia to lead manage an initial public offering of Cambodia's state-owned Sihanoukville Autonomous Port ("PAS"), the company said in a press release.

The IPO will be launched when the stock exchange becomes operational, expected to be this summer. It is the first time a Japanese-backed company has been involved in a Cambodian IPO. 

As a lead managing underwriter for the IPO, SBI will contribute to the growth of the Cambodian capital market through assisting PAS in its listing, and will also conduct sales of the underwritten stocks in Japan in conjunction with subsidiary SBI Securities Co, the company added.

Sihanoukville Port starts installing security apparatus

May 03, 2007

Cambodia's major sea port Sihanoukville began installing security items on Tuesday, procured with a grant of eight million U.S. dollars from the Japanese government, local media said on Thursday.

The upgrading will facilitate trade, boosting the coastal port's competitiveness with neighboring countries, and helping to enhance the import and export sectors, said Deputy Prime Minister Sok An, who presided over the installation ceremony on behalf of Prime Minister Hun Sen.

The apparatus includes a patrol vessel, X-ray container scanners, a security station, TV surveillance cameras and identification, navigation and oil spillage control systems, Public Works and Transport Minister Sun Chanthol was quoted by Cambodian newspaper the Koh Santepheap as saying on the same occasion.

The non-refundable aid is a contribution to fight corruption and crimes and ensure good governance in Cambodia, as well as to boost security and safety to build up confidence among foreign investors, said newly-appointed Japanese Ambassador Katsuhiro Shinohara.

According to Sun Chanthol, the Japanese government also plans to provide similar assistance to the Phnom Penh Port.

Source: Xinhua