PSA Corporation Ltd (PSA) has developed and launched more than 50 Application Programming Interfaces (APIs) to enable digital transformation within the haulage industry in Singapore.
With the APIs the hauliers’ existing in-house systems can now be digitally connected with PSA’s ‘Portnet’, streamlining and automating their work processes including port documentation.
Portnet is a nation-wide business to business (B2B) port community solution that provides real-time and detailed information on all port, shipping, and logistics processes.
PSA said its efforts to integrate systems via APIs will encourage its logistics and haulage partners to innovate their business processes, and at the same time provides the sharing of real-time information for enhanced planning and decision-making.
PSA has been working closely with key stakeholders, including the Trade Associations and Chambers to build digital capabilities to strengthen the overall business ecosystem. These digital initiatives aim to help companies, especially small and medium-sized enterprises (SMEs), move in tandem with the emerging needs of the digital economy and a post-pandemic future.
More than 100,000 containers were handled via APIs launched since 2021, with favourable feedback from hauliers who have come onboard.
Seow Hwee, PSA’s Head of Cargo Solutions Business, Southeast Asia, said: “Agility is a prerequisite in meeting today’s complex and dynamic nature of logistics management, and PSA recognises the industry’s need for data and information sharing to improve resilience in supply chain systems.
“We are pleased to stand alongside our haulage partners in unlocking the value of digitalisation to build a resilient, agile and sustainable green supply chain ecosystem.”
Oh Bee Lock, CEO of Singapore Logistics Association, said, “The seaport is the nexus between ships and land-based logistics activities spanning across a wide eco-system of stakeholders.
“This latest initiative by PSA to enable quick and reliable data connectivity amongst stakeholders will help the logistics industry continue our transformation journey to leverage technology effectively, and build new capabilities to better serve our customers.”
In March PSA International posted its operational and financial results for 2021. The company reported revenues of $4.6 billion for last year, an increase of 11.7 per cent over the $4.1 billion in 2020. This was primarily driven by higher container volumes and storage revenues.