Cargo Release offers a paperless, highly efficient and transparent solution connecting everyone involved at the port of import including shipping lines, consignees, agents and terminals. This product cuts the time for cargo to be document-ready for release from days to hours.
Building on its success in China, Cargo Release is now being rolled out in Southeast Asia by port operators, Hutchison Ports and PSA International, covering major ports across the region.
Bertrand Chen, CEO at GSBN, said, “Southeast Asia is a strategically important hub for trade and the rollout of Cargo Release in the region marks an important milestone in the shipping industry’s digital leap. We are fully committed to supporting this push by harnessing our operating system to drive efficiency, resilience and trust across all market participants.”
The Southeast Asia shipping industry is experiencing tremendous growth, driven by the cross-border eCommerce boom. Singapore and Malaysia alone account for over 50% of the total cross-border eCommerce market in the region, and 55% of all online transactions in Singapore involve overseas sellers. The rollout of Cargo Release across Southeast Asia will help the industry meet the growing shipping demand and better capitalize on the cross-border eCommerce opportunities, commented GSBN.