SHV Port Marks Remarkable Growth with 240K TEUs of Containers, a 23% Increase in Container Traffic in Q1 2024

• 2 May 2024
• Local News
• 2109 Views

In the first quarter of 2024, the Sihanoukville Autonomous Port witnessed a significant surge in its operational capacity, handling 240,000 Twenty-Foot Equivalent Units (TEUs) of containers. This marks an impressive increase of more than 23% compared to the corresponding period in 2023. The announcement was made by HE Peng Po Nea, Minister of Public Works and Transport, during a meeting on the occasion of the 138th anniversary of International Labor Day on 1 May 2024.

On this celebratory occasion, the minister highlighted the port’s robust performance and its vital contribution to the nation’s logistics and transportation sector. With a workforce comprising 1,355 civil servants and employees, including 131 women, the port’s significant throughput of 240,000 TEUs in the early weeks of 2024 underscores its growing momentum and strategic importance in the region.

Reflecting on the previous year’s achievements, it is noteworthy that in 2023, Sihanoukville Port managed nearly 800,000 TEUs, registering a 6.35% increase over 2022. This was accompanied by a total business revenue exceeding US$95 million, up by 5.42%. Additionally, the port saw 1,506 ships dock in 2023, a 4.44% increase, with cargo capacity soaring to more than 19 million tons, marking a substantial 35.42% rise.

In a forward-looking move, Minister Peng Po Nea confirmed plans for the port’s expansion through the construction of the second and third phases of the deep-water container port. These expansions are set to enhance the port’s capacity significantly, with the second phase extending 400 metres in length and over 16 metres in depth, and the third phase stretching 430 metres with a depth of more than 17 metres. This expansion is complemented by the introduction of modern technical equipment aimed at elevating the port’s operational efficiency to international standards.

The ambitious construction of the first phase of the deep-water container port, valued at over US$243 million, is on track for completion in 2026. This strategic development underscores Sihanoukville Port’s pivotal role in Cambodia’s economic growth, cementing its status as a key player in the global maritime logistics industry. (Read more)

• Economy and Finance
• Road and Infrastructure