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Revenue of Cambodia's PAS port rises 2.7% YoY in Jan-Nov 2023

23 Dec '23
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Cambodia's Sihanoukville Autonomous Port (PAS) saw a 2.7 per cent revenue increase in the first 11 months of 2023, exceeding $85 million.
  • The port handled over 7 million tons of cargo, up 11 per cent YoY.
  • Prime Minister Hun Manet aims to transform PAS into a regional logistics hub by 2029, expanding its capacity from 800,000 to 2.5 million TEUs annually.
Cambodia's Sihanoukville Autonomous Port (PAS), the nation's premier international and commercial deep seaport, has reported a significant financial and operational growth in 2023, according to the port’s latest data. The port's gross revenue for the first 11 months of 2023 surpassed $85 million, marking a 2.7 per cent increase compared to the same period last year.

From January to November 2023, the port managed over 7 million tons of containerised cargoes, registering an 11 per cent increase year-on-year.

“The PAS is a major international gateway for Cambodia’s trade exchanges with countries in the region and the world. We aim at transforming this feeder port into a regional logistics hub in 2029,” said Cambodian media reports quoting prime minister Hun Manet.

Manet highlighted the port's current capacity to handle 800,000 TEUs (twenty-foot equivalent units) annually. Looking ahead, he revealed ambitious plans to expand this capacity to 2.5 million TEUs per year by 2029.

ALCHEMPro News Desk (DP)
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