Leading terminal operator PSA International has announced the signing of a Memorandum of Understanding (MoU) with SATS Ltd. to develop “seamless connectivity” for logistics companies and cargo owners.
The goal of the partnership, according to a statement, is to boost supply chain efficiency and establish Singapore’s status as a key multimodal transport hub.
The combination of sea and air connectivity services is expected to support the freight industry, including small and medium-sized enterprises, by offering a number of benefits such as improved multimodal linkages and transit systems, as well as optimized transport costs and faster delivery.
Ong Kim Pong, of PSA, outlines his vision for the next generation of terminals in a recent Port Technology technical paper
As part of their collaboration, PSA and SATS will participate in a range of cross-industry initiatives, especially in the perishables, electronics, and e-commerce spaces.
By working together to form stronger “Yard-to-Port” data linkages and network extensions, PSA and SATS aim to facilitate data transparency and ease of shipment within different free-trade zones (FTZs).
In addition to this, SATS and PSA will integrate their systems to aid regulatory compliance and build data analytics capabilities.
COSYS+ from SATS, a cargo handling management system, will connect with PSA’s global supply chain platform CALISTA to offer customers real-time updates and greater visibility for shipments transported via multimodal channels.
Further reports have suggested that PSA outbid a number of other companies, including leading carrier CMA CGM… #PTIDaily #US #Terminals #Financehttps://t.co/mBKMrfwSPD
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Tan Chong Meng, Group CEO of PSA International, commented: “Shippers are increasingly seeking innovative multimodal solutions for their cargo to reach their preferred markets competitively.
“This partnership with SATS will enhance Singapore’s ability to offer unique air-sea multimodal connectivity to fulfil these demands.
“In addition, through digitally connecting CALISTA and COSYS+, we will be able to offer multimodal users greater visibility of their cargo and better protection of cargo integrity, with optimised transit times and costs.”
A recent Port Technology technical paper looks at the transformation of Singapore into a smart port
Alex Hungate, President and Chief Executive Officer of SATS, added: “When SATS became the world’s first ground handler to provide multimodal meat transhipment services between New Zealand and the EU, we demonstrated that multimodal connectivity can attract higher trade flows.
“Today, we hope our cross-industry initiatives with PSA will now enable the whole industry to market efficient multimodal solutions globally, through Singapore.”