The state-run authority which manages the port has been tipped as being set to list on Cambodia’s upcoming stock exchange. Meanwhile, Phnom Penh Autonomous Port, the Kingdom’s second largest port, received total revenues of USD6.5 million in 2010, up from just USD1.5 million in 2009. Representatives of both ports said that the gains were due to an increase of shipments in 2010 from a year earlier. Hei Bavy, director of Phnom Penh Autonomous Port, said freight shipped through the port had soared around 44%, from 62,256 TEU in 2010, up from 43,312 TEU in 2009.
“I hope that the port will generate more income this year because better economic recovery requires more demand for goods,” he said. He also highlighted the growing potential of shipments of agricultural products, construction materials, clothes, raw materials for the garment sector and other commodities during 2011.
Ma Sun Hout, deputy director of Sihanoukville’s port, said that total shipments in 2010 were 2.217 million tonnes, a rise of about 18% on 2009. “We still hope to receive more shipments this year because it signals a positive economic environment,” he said.