Pacific International Lines (PIL) and KPI OceanConnect have successfully integrated with the Singapore Trade Data Exchange (SGTraDex) platform.
The integration, which began in early 2023 and was completed in December of that year, has reportedly allowed PIL to use SGTraDex to enhance the way it conducts transactions with its stakeholders, including suppliers and financial institutions.
Since the successful international bunkering transaction, PIL has conducted over 40 transactions using SGTraDex.
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Prior to this connectivity, PIL had to export and send papers to suppliers, who then manually entered crucial information into the e-invoicing system. Suppliers that are API linked with SGTraDex may now automatically push or upload documents to PIL from their own ERP systems.
According to PIL, this integration might result in an overall 30 per cent time reduction as more suppliers implement SGTraDex, considerably enhancing efficiency for all parties involved.
Goh Chung Hun, Head, Fleet Division, PIL, said: “We are sharing our positive experience on this successful integration with SGTraDex on bunkering operations so that members of the maritime industry would continue to pledge their support for this initiative.”
PIL noted that SGTraDex anticipates a future in which digital integration is the norm, resulting in improved collaboration, lower operating costs, and greater overall efficiency in the marine industry.
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Kelvin Ling, Head of Operations & Business Development, at SGTraDex, stated: “We are thrilled to witness the successful integration of SGTraDex with PIL, and the subsequent transactions affirm the platform’s effectiveness. This achievement is a testament to the collaborative spirit within the maritime industry and paves the way for a future where digital solutions seamlessly enhance operations.”
In December 2023, PIL and DP World signed a Memorandum of Understanding (MoU) to create green solutions to decarbonise global supply chains.
