Sihanoukville Autonomous Port (PAS) has reported a slight year-on-year increase in container traffic during the first half of 2017, a trend which its director reckoned would result in higher returns for the listed company.
According to PAS data, a total of 211,719 20-foot equivalent units, or TEU came through the seaport between January and June, up 8% from the same period in 2016. This follows a slowdown in growth last year, with container traffic increasing by just 2% while overall country GDP growth is pegged at 7%.
“Based on the good performance in the first half, we expect double-digit growth of container traffic this year,” director general of PAS, Lou Kim Chhun said. “The increased growth of cargo traffic will enlarge our profit margin, which in turn will enable us to distribute high dividends to our stock investors.”
The reported increase in port container traffic was evenly distributed between imports and exports: the former increased by 8.4% year-on-year to 107,181 TEU; exports increased by 7.7% year-on-year to 104,538 during the first half.