Cargo Release offers a paperless, efficient and transparent solution connecting everyone involved at the port of import including shipping lines, consignees, their agents and terminals. This product cuts the time for cargo to be document-ready for release from days to hours. Building on its success in China, Cargo Release is now being rolled out in Southeast Asia by port operators, Hutchison Ports and PSA International, covering major ports across the region.
Bertrand Chen, CEO at GSBN, said: “Southeast Asia is a strategically important hub for trade and the rollout of Cargo Release in the region marks an important milestone in the shipping industry’s digital leap. We are fully committed to supporting this push by harnessing our operating system to drive efficiency, resilience and trust across all market participants.”
The Southeast Asia shipping industry is experiencing huge growth, driven by the cross-border eCommerce boom. Singapore and Malaysia alone account for over 50 per cent of the total cross-border eCommerce market in the region, and 55 per cent of all online transactions in Singapore involve overseas sellers. The rollout of Cargo Release across Southeast Asia will help the industry meet the growing shipping demand and better capitalise on the cross-border eCommerce opportunities.
Shao Wenbin, deputy GM at Cosco Shipping Lines Southeast Asia said: “As a founding member, it is great to see GSBN scale and maintain their momentum following their success in China. This expansion into Southeast Asia is pivotal in the consortium’s mission to redefine trade, by bringing the benefits of their operating system to strategically important trade hubs and markets. We look forward to GSBN extending their reach into even more regions around the world.”
Philip Ho, CEO at OnePort said: “As a port community working with key terminal operators in Hong Kong including Hongkong International Terminals Limited (HIT), Modern Terminals Limited (MTL) and COSCO-HIT Terminals (Hong Kong) Limited (CHT) to improve the efficiency of the business processes at the Port of Hong Kong, we are delighted to see that GSBN, also incorporated in Hong Kong, extend its reach across our thriving region. We look forward to integrating GSBN’s Cargo Release and OnePort’s electronic Release Order (eRO) platform, which will further remove the bottlenecks and pain points in an otherwise paper-based importing process in the Hong Kong port community, and collectively unlock new economic value in global shipping.”