PSA International and SATS have signed a Memorandum of Understanding (MOU) to collaborate in seamlessly connecting their sea and air transport services, with the goal of improving supply chain efficiency and boosting Singapore’s status as a multimodal transport hub.
Enterprise Singapore was involved in facilitating the agreement, hoping to strengthen Singapore’s position as a global transshipment hub for air and sea cargo, while also providing support for new business models and supply chain innovation.
The freight industry connecting through the port state stands to benefit from improved multimodal linkages and transit systems as a result of the agreement, creating better supply chain efficiency, optimised transport costs, and faster delivery.
PSA and SATS will collaborate on a wide range of cross-industry initiatives under the deal, particularly in the perishables, electronics, and e-commerce spaces. 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).
Beyond physical cargo movement, SATS and PSA will also integrate their systems to aid regulatory compliance and build data analytics capabilities. COSYS+, a cargo terminal handling & management system operated by SATS, will be linked with CALISTA, the supply chain platform developed by PSA’s subsidiary GeTS Asia, to provide real-time updates and visibility for shipments transported via multimodal channels.
“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,” said Tan Chong Meng, Group CEO, PSA International.
“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.”
