Phnom Penh – Cambodia’s two state-owned ports – Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP) – have seen remarkable growth in profits in 2018, a Transport Ministry’s annual report showed on Thursday.
PAS, the kingdom’s largest seaport, made a net profit of 8.97 million U.S. dollars last year, up 43 percent compared to a year earlier, said the report released at the end of the ministry’s annual conference.
The listed seaport handled 537,107 twenty-foot-equivalent units, or TEUs (standard-sized containers), last year, up 17 percent compared to the year before, it said, adding that containerized cargo tonnage increased 19 percent to almost 5.2 million tons.
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