Under a memorandum of understanding, both parties will provide cargo owners and logistics service providers with connectivity for greater supply chain efficiency, and cooperate on a wide range of cross-industry initiatives.
Combining sea and air connectivity services, the partnership between PSA and SATS is expected to strengthen Singapore’s position as a global transhipment hub for air and sea cargo, facilitating new business models and supply chain innovation.
Tan Chong Meng, group ceo of PSA International, said: “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,” Tan added.
The COSYS+ is a cargo terminal handling and management system operated by SATS, and it will be linked with CALISTA™, the global supply chain platform developed by PSA subsidiary GeTS Asia, to provide real-time updates and greater visibility for shipments transported via multimodal channels.
The partners believe that such integration of their systems will aid regulatory compliance and build data analytics capabilities.
The freight industry, including small and medium-sized enterprises, also stands to benefit from improved multimodal linkages and transit systems for better supply chain efficiency, optimised transport costs, and faster delivery.
From “Yard-to-Port” data linkages and network extensions between both companies, to enhanced track-and-trace capabilities, the partnership will facilitate data transparency and ease of shipment movement within different free-trade zones (FTZs).