DHL to Spur Cambodian Trade With New Phnom Penh-Bangkok Service

[geovalin]

DHL Express, the world's leading international express services provider, launched a new flight service between Phnom Penh and Bangkok, one of its hubs in Asia Pacific. This express freighter service, the first operating to and from Phnom Penh, adds to the existing DHL Express flights between its hubs in Bangkok and Singapore, extending the Cambodian capital's trade ties to more markets globally.

 

 

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DHL to spur Cambodian trade with new Phnom Penh-Bangkok service

Operated by K-Mile Air, the service runs five times a week using a Boeing B737-400F freighter with a gross payload of 19 tons. The new route will help meet rising import and export demands in Cambodia, especially in high-growth industries such as garment and construction. 

"This new flight is another step towards unlocking Cambodia's vast potential for trade in Southeast Asia. Trade between Cambodia and Thailand reached US$5.1 billion^[1] in 2015, and the country also imported US$1.05 billion worth of goods from Singapore in 2014^[2]," said Ken Lee, CEO of DHL Express Asia Pacific. "By improving inbound and outbound capacities from markets like Thailand and Singapore where our hubs are located, we are confident that this new flight will further develop Cambodia's market. With our extensive air network, this dedicated service will enhance the country's global connectivity and trade relations."

With the new scheduled services between Phnom Penh and Bangkok, the new DHL service gives Cambodian exporters constant access to its global network spanning 220 countries and territories. Bangkok is one of four hubs for DHL Express in Asia Pacific -- which collectively utilize 20 Intra-Asia dedicated aircraft and 820 daily flights to move customer goods around the world.

Cambodia's economy expanded approximately 7% in 2015^[3]. Its logistics capabilities are also rising. Between 2010 and 2016, the country rose 56 places in the World Bank's Logistics Performance Index^[4] to 73^rd place. The transformation was driven by the Trade Related Assistance in Cambodia program, which focused on customs and border reforms to establish linkages with its partners in the Association of Southeast Asian Nations. The program has improved logistics and trade flow between Cambodia and regional markets.

 

source PR http://finance.yahoo.com/news/dhl-spur-cambodian-trade-phnom-020000147.html