Logo of Phnom Penh Post newspaper Phnom Penh Post - PAS extends export-container demurrage

PAS extends export-container demurrage

Content image - Phnom Penh Post
Sihanoukville Autonomous Port handled 641,842 twenty-foot equivalent units (TEU) last year, up by 0.41 per cent over 639,211 TEUs in 2019. PAS

PAS extends export-container demurrage

Sihanoukville Autonomous Port (PAS) is extending the storage grace period from five to seven days from October 1 for export containers passing through the Kingdom’s sole deep-sea port, in a move met with generally positive response from local exporters.

The two-day extension of the demurrage-free period was motivated by a meeting between PAS and representatives of shipping companies back in August 30, the state-owned enterprise (SOE) said in a statement signed by deputy director-general Thai Rithy.

The grace period starts from the day the container arrives, and lasts until the time of the ship’s departure, PAS said, adding that the adjustment aims to support business and trade, and address some of the challenges faced by the field of transportation and logistics.

Chan Pich, general manager of rice exporter Signatures of Asia Co Ltd, said the decision would partially ease the burden for exporters.

He noted that it was not uncommon for ships to fail to pick up their cargo within the allotted five-day period. “Now we’ll be able to leave containers there free for two more days, which will help reduce our costs in part, even if it’s not much.”

Logistics Business Association president Chea Chandara echoed a similar sentiment, telling The Post that the two days of container storage would cut costs for exporters to some extent.

He noted that the owners of the goods currently incur demurrage fees from the sixth day that their containers are left at the port, but now that PAS has extended the allotted free time to seven days, this means “two more days free of charge”.

PAS reported container throughput of 641,842 twenty-foot equivalent units (TEU) last year, marking an increase of 0.41 per cent compared to 639,211 TEUs in 2019.

A TEU is an inexact unit of cargo capacity used in the shipping industry roughly equivalent to a container with internal dimensions measuring about 20 feet long, eight feet wide and 8.5 feet tall, or a volume roughly 38.5 cubic metres.

The SOE booked 311,813,769,000 riel ($76.8 million) in revenue last year, down by 6.62 per cent over 2019 and net profit after tax of 26,607,5944,000 riel, down by 38.78 per cent year-on-year. It did not specify which particular revenue measure (gross, net) it was referring to.

MOST VIEWED

  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • Rise in planned flights lifts travel hopes

    Six airlines have applied to resume flights in December, while two others have put in for additional flights and routes, according to State Secretariat of Civil Aviation (SSCA) head Mao Havannall on November 29. These account for 43 new weekly domestic and international flights in December, up 16

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration

  • Is Cambodia’s travel sector in for another cheerless holiday season?

    The travel and tourism sector was heaving back to life as borders started to reopen, promising a festive vibe for the holidays and New Year. But Omicron and other Covid-related issues are threatening to close the year on a bleak note ‘Seems [like] Covid-19 won’

  • Hun Sen: Manet to be candidate for prime minister

    Prime Minister Hun Sen has reaffirmed that his oldest son Hun Manet will be his successor as Prime Minister if he is elected. Speaking during the inauguration of a new sewage treatment facility in Preah Sihanouk province on December 2, Hun Sen said Manet will be