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PSA and Samudera ink MoU on cargo solutions and logistics

Photo: PSA PSA Pasir Panjang Terminal Singapore from the air
Singapore terminal operator PSA and Indonesian shipping company Samudera have inked a Memorandum of Understanding (MoU) to develop cargo solutions and logistics in Indonesia and Southeast Asia.

Under the MoU the companies aim to work towards exploring innovative ways to promote cargo connectivity and bring about greater visibility to the supply chain and logistics value chains.

The collaboration would include the development of trade corridors between Indonesia and Southeast Asia, and beyond, to provide multi-modal services, freight forwarding, warehousing and trade financing services. It will also include areas such as cold chain logistics and e-commerce.

Bani M. Mulia, CEO of Samudera, said, “Indonesia being the largest economy in Southeast Asia has huge potential to grow exponentially should it succeed in unlocking bottlenecks in its logistics and supply chain infrastructure.”

The two parties will also explore the use of PSA’s digital supply chain platform CALISTA to bring together key physical, regulatory and financial services for Samudera’s customers.

Ong Kim Pong, Regional CEO Southeast Asia, PSA International, said: “Our joint effort to fortify logistics and supply chain connectivity for greater value will ensure a resilient and sustainable ecosystem which will thrive in uncertainty. PSA remains committed to grow new capabilities and drive supply chain orchestration, strengthening the trust in Singapore as an efficient logistics and supply chain management hub.”