Company Overview
- Headquarters
- PG
- Website
- pngports.com.pg
- Phone
- (675) 308-4200
- Employees
- 468
- Industry
- Construction Services
- NAICS Code
-
NAICS Code 48 CompaniesNAICS Code 488 Companies
- SIC Code
-
SIC Code 44 CompaniesSIC Code 449 Companies
Financials & Stats
Revenue
$145B
Who is PNG Ports Corporation Limited
PNG Ports Corporation Limited is a state-owned company based in Papua New Guinea. It is a fully corporatized entity, with the Independent Public Business Corporation (IPBC) serving as its sole shareholder. PNG Ports Corporation Limited employs 468 people and generates an annual revenue of $144.8 million. PNG Ports Corporation Limited is responsible for the management and control of all sea ports in Papua New Guinea. Its port network comprises 16 operational ports that handle over 5.8 million tonnes of cargo annually. The company provides port and pilotage services to the shipping industry. PNG Ports Corporation Limited operates in accordance with relevant port and shipping regulations and policy directives established by the National Executive Council through the Ministry of State-owned Enterprises. The company submits annual financial statements to the State for approval by the Auditor General. A portion of its capital works expenditure is funded through internal revenue supplemented by loans negotiated by the company or the government. PNG Ports Corporation Limited's Board and Chief Executive Officer are appointed by the National Executive Council (NEC). For more information, please visit pngports.com.pg.
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