PSA International Pte Ltd. (PSA) and SATS Ltd. (SATS) have signed a Memorandum of Understanding (MOU) to provide cargo owners and logistics service providers with seamless connectivity for greater supply chain efficiency, and to boost Singapore’s status as a key multimodal transport hub.
Enterprise Singapore facilitated the multimodal transport collaboration as the lead agency driving Singapore’s growth as a global trade and connectivity hub. Combining sea and air connectivity services, the partnership between PSA and SATS strengthens Singapore’s position as a global transshipment hub for air and sea cargo, paving the way for new business models and supply chain innovation. The freight industry, including small and medium-sized enterprises, also stands to benefit from improved multimodal linkages and transit systems for better supply chain efficiency, optimised transport costs, and faster delivery.
PSA and SATS will collaborate on a wide range of cross-industry initiatives, 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. For example, as the world’s first ground handler to receive European Union (EU) approval as an authorised establishment for the provision of meat transshipment services between New Zealand and the EU, SATS’ services could potentially be extended to new trade routes across both companies’ networks.