PSA International (PSA) and SATS Ltd. (SATS) signed a Memorandum of Understanding (MoU) to provide cargo owners and logistics service providers with connectivity for better supply chain efficiency, and to advance Singapore’s status as a key multimodal transport hub.
The partnership between PSA and SATS aims to enhance Singapore’s position as a global transshipment hub. The freight industry, including small and medium-sized enterprises, could also benefit from better multimodal linkages and transit systems for improved supply chain efficiency, optimised transport costs, and faster delivery.
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PSA and SATS will work together on a various cross-industry initiatives, especially in the perishables, electronics, and e-commerce spaces. From ‘Yard-to-Port’ data linkages and network extensions between both companies, to improved track-and-trace capabilities, the partnership aspires to enable data transparency and ease of shipment movement within different free-trade zones (FTZs).
SATS and PSA will also enter their systems to aid regulatory compliance and build data analytics capabilities. COSYS+ is a cargo terminal handling and management system operated by SATS, which will be linked with CALISTA, a supply chain platform developed by PSA’s subsidiary GeTS Asia Pte Ltd, to provide real-time updates and better visibility for shipments transported through multimodal channels.
Tan Chong Meng, Group CEO, PSA International, stated:
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
