The companies will “collaborate on a wide range of cross-industry initiatives” and integrate their systems.
Port operator PSA International and ground handler and in-flight caterer SATS Ltd. signed a memorandum of understanding Thursday to combine sea and air connectivity services to provide cargo owners and logistics service providers a global transshipment hub in Singapore.
The two companies will “collaborate on a wide range of cross-industry initiatives, particularly in the perishables, electronics and e-commerce spaces,” according to the announcement. The partnership will facilitate data transparency and ease of shipment movement between free-trade zones via “yard-to-port” data linkages and network extensions and enhanced track-and-trace capabilities, the statement said.
“When SATS became the world’s first ground handler to provide multimodal meat transshipment services between New Zealand and the EU, we demonstrated that multimodal connectivity can attract higher trade flows,” said Alex Hungate, SATS president and CEO, in the statement. “Today, we hope our cross-industry initiatives with PSA will now enable the whole industry to market efficient multimodal solutions globally, through Singapore.”
SATS’ cargo terminal handling and management system COSYS+ will be integrated with the global supply chain platform CALISTA, which was developed by PSA International subsidiary GeTS Asia Pte Ltd., to provide greater visibility for shipments and aid regulatory compliance.
“Shippers are increasingly seeking innovative multimodal solutions for their cargo to reach their preferred markets competitively,” said Tan Chong Men, group CEO of PSA International, in the statement. “This partnership with SATS will enhance Singapore’s ability to offer unique air-sea multimodal connectivity to fulfill 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 optimized transit times and costs.”