Global Shipping Business Network (GSBN) has announced that it has rolled out Cargo Release to Hong Kong, Singapore and Laem Chabang in Thailand.
Cargo Release offers a paperless, highly efficient and transparent solution connecting everyone involved at the port of import including shipping lines, consignees, their agents and terminals, according to GSBN.
This product cuts the time for cargo to be document-ready for release from days to hours, the company added.
Cargo Release is now being rolled out in Southeast Asia by port operators, Hutchison Ports and PSA International, covering major ports across the region.
Bertrand Chen, CEO at GSBN, said, “Southeast Asia is a strategically important hub for trade and the rollout of Cargo Release in the region marks an important milestone in the shipping industry’s digital leap. We are fully committed to supporting this push by harnessing our operating system to drive efficiency, resilience and trust across all market participants.”
The Southeast Asia shipping industry is experiencing tremendous growth, driven by the cross-border e-commerce boom. Singapore and Malaysia alone account for over 50% of the total cross-border e-commerce market in the region, and 55% of all online transactions in Singapore involve overseas sellers. The rollout of Cargo Release across Southeast Asia will help the industry meet the growing shipping demand and better capitalise on the cross-border e-commerce opportunities.
Philip Ho, CEO at OnePort said, “As a port community working with key terminal operators in Hong Kong including Hongkong International Terminals Limited (HIT), Modern Terminals Limited (MTL) and COSCO-HIT Terminals (Hong Kong) Limited (CHT) to improve the efficiency of the business processes at the Port of Hong Kong, we are delighted to see that GSBN, also incorporated in Hong Kong, extend its reach across our thriving region. We look forward to integrating GSBN’s Cargo Release and OnePort’s electronic Release Order (eRO) platform, which will further remove the bottlenecks and pain points in an otherwise paper-based importing process in the Hong Kong port community, and collectively unlock new economic value in global shipping.”
Eddie Ng, Vice President (Group Cargo Solutions / Platform Development) at PSA International said, “Digital transformation is absolutely fundamental to the future of trade in Asia. As a founding partner of GSBN, PSA is pleased to support GSBN’s expansion into Southeast Asia. Cargo Release is a digital solution that has the potential to drive new efficiencies and support the region’s status as a thriving global trading hub. More importantly, Cargo Release demonstrates the value of trusted and secure sharing of data between supply chain ecosystem partners, and we look forward to participating in and supporting more of such initiatives.”
GSBN was founded by eight global shipping lines and terminal operators accounting for one in every three containers handled in the world. The mission of the technology consortium is to build the data infrastructure needed to enable modern and efficient global trade.
Recently, GSBN signed a Memorandum of Understanding with eight major shipping port groups in China with the support of China’s Ministry of Transport and China Port Association, to accelerate the digital transformation of the shipping and logistics industry.