In the bay of Kompong Som of the Cambodian coast facing the Gulf of Thailand, sits state-owned Sihanoukville Autonomous Port (PAS), biding its time for year-on-year top and bottom line container throughput growth, and diversification plans to stave off external headwinds.
The port, which handles 70 percent of Cambodia’s import and export market via three gateways including Vietnam’s Cai Mep Port, is on track for a double-digit revenue growth for the financial year ending December 31, 2018 (FY18), said its chairman and chief executive officer Lou Kim Chhun.
In the 10-month period this year, container throughput rose 18.04 percent year-on-year to 446,520 TEUs (20-foot equivalent units) from 378,292 TEUs, pushing revenue up 20.65 percent as at Oct 31. Container throughput has been on a five-year upward trend at a compound annual growth rate of 9.93 percent from 2013 with 11 shipping lines as partners to transport containers in Asean and East Asia.
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