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Cambodia’s city port reports 34 pct rise in cargo shipment in Q1

PHNOM PENH, April 11 (Xinhua) — Cargos entering and leaving through Phnom Penh Autonomous Port, the kingdom’s 2nd largest port, increased by 34 percent in the first three months of this year due to rising trade activities, a senior port official said Thursday.

During the January-March period this year, the state-owned port received 24,677 twenty-foot-equivalent units, or TEUs (standard- sized containers), up 34 percent from 18,450 TEUs at the same period last year, the port’s report showed. “The rise truly reflects the country’s better economic situation,”the port’s director general Hei Bavy said, adding that main items going through the port are garments, agricultural products, construction materials, automobiles, agricultural machinery and consuming products.

The port has seen rapid growth in recent years. To meet the increasing demand of shipment, in January, the port inaugurated a new container terminal with a total capacity of 120,000 TEUs per year. The new terminal was built under Chinese soft loan of 28.2 million U.S. dollars.

The port is one of the state-owned enterprises due to be listed on the Cambodian Stock Exchange in 2014.

 

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Written by Kham

11/04/2013 at 7:56 pm

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