Cambodia's PAS port container traffic sees 40% YoY jump in Q3 2024

22 Nov '24

2 min read

Cambodia's PAS port container traffic sees 40% YoY jump in Q3 2024

Pic: Adobe Stock

Insights

The number of containers passing through Cambodia's Sihanoukville Autonomous Port (PAS) in Q3 2024 reached 283,918 TEUs—a 36.56-per cent increase YoY.
The port earned revenues worth $30 million in the quarter—a YoY rise of 27 per cent.
Net losses after tax in the quarter fell by nearly $7 million—a 135.63-per cent drop YoY.
PAS also inaugurated a new container terminal at the end of the quarter.

The number of containers passing through Cambodia’s Sihanoukville Autonomous Port (PAS) in the third quarter (Q3) this year reached 283,918 twenty-foot equivalent units (TEUs)—a 36.56-per cent increase year on year (YoY).

The port earned revenues worth 120 billion riel (~$30 million) in the quarter—a YoY increase of 27 per cent.

This implies the port company’s YoY rise in revenue in the quarter was less than the rise in TEU throughput, although it has reduced its net loss, the PAS Q3 2024 report said.

Net losses after tax in the quarter fell by 29 billion riel (~$7 million)—a 135.63-per cent drop YoY.

PAS also inaugurated a new container terminal at the end of the quarter that is expected to boost export and import capacity. PAS now has three operational terminals.

Construction of the first phase of a new deep-water container port began last December and is expected to be completed by 2025, a domestic media outlet reported. With a length of 350 metres and depth of 14.50 metres, it will allow larger container vessels with a capacity of up to 60,000 deadweight tonnage (nearly 4,000 TEUs) to dock at the port.

The entire project is expected to be completed by mid-2027. The port's annual container handling capacity will reach 1,250,000 TEUs when the new terminal is launched.

Fibre2Fashion News Desk (DS)

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