PSA Corporation Ltd (PSA) and PT Samudera Indonesia Tangguh (Samudera) have signed a Memorandum of Understanding (MoU) to work towards exploring innovative ways to promote cargo connectivity.
Samudera, one of Indonesia’s leading shipping and logistics groups, and PSA aim to bring about greater visibility to the supply chain and logistics value chains.
The MoU seeks to deepen and strengthen the relationship of two longstanding partners by leveraging their combined expertise – PSA’s extensive global ports and logistics projects and Samudera’s strong market expertise, logistics assets and reliable regional feeder networks.
Included within it is the development of trade corridors between Indonesia and Southeast Asia, and beyond, to provide multi-modal services, freight forwarding, warehousing and trade financing services.
PSA and Samudera will also work together to create innovative supply chain products for sectors such as cold chain management and e-commerce.
Ong Kim Pong, regional CEO Southeast Asia, PSA International, said: “We are pleased to look beyond the horizon and work with our steadfast partner, Samudera, in this endeavour to reinvent cargo flow and achieve supply chain excellence.
“Our joint effort to fortify logistics and supply chain connectivity for greater value will ensure a resilient and sustainable ecosystem which will thrive in uncertainty.”
PSA remains committed to grow new capabilities and drive supply chain orchestration, he added, strengthening the trust in Singapore as an efficient logistics and supply chain management hub.
To enable the future of work in supply chain management, the two partners will look to explore the use of PSA’s global supply chain digital platform, CAILISTA, to bring together key physical, regulatory and financial services for Samudera’s customers.
Bani M. Mulia, CEO of Samudera, said: “Indonesia being the largest economy in Southeast Asia has huge potential to grow exponentially should it succeed in unlocking bottlenecks in its logistics and supply chain infrastructure.
“PSA has a wealthy experience in continuously increasing logistics efficiency as Singapore played a vital role as the leading shipping and logistics hub in the region.”
The two companies already share a long-time feeder cooperation and the MoU will serve to enhance cargo connectivity, create logistics agility and promote greater efficiency and transparency across the wider supply chain ecosystem.