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Press Release
Portnet.com and Oracle Corp in Collaboration
to Develop E-Commerce Solutions for International
Shipping Community
Portnet.com Pte. Ltd., a fully-owned subsidiary
of PSA Corporation, has signed a Memorandum of
Understanding (MOU) with Oracle Corp, one of the
largest providers of software for e-business,
to develop e-commerce solutions for the international
shipping community. The collaboration will enable
Portnet.com and Oracle to provide a secure and
reliable environment for the shipping community
to conduct business over the Internet globally.
The collaboration is an extension of Portnet.com’s
continuous effort to collaborate with leading
IT industry experts to develop e-commerce solutions
for Portnet.com.
Dr Yeo Ning Hong, Chairman, PSA Corporation said,
"We are pleased to have Oracle on board with
us in these exciting times, as we surge ahead
to deliver PSA’s services to our customers
around the world. Portnet.com Pte Ltd was formed
as a separate company to enable us to serve customers
even faster, even more flexibly and even more
responsively than before. We want to forge strategic
relationships with the best IT companies such
as Oracle, with cutting-edge technologies and
global resources, so that we can better meet our
customers’ needs in this fast-moving field
of e-business."
Mr Lawrence J. Ellison, Chairman and CEO, Oracle
Corporation said, "Our cooperation in the
Portnet.com initiative brings Oracle into a collaboration
with PSA that is globally significant. Oracle
is excited to bring its latest exchange technology
into the strategic relationship with PSA - operator
of one of the world's leading ports. This is in
line with our corporate objective of working with
industry market leaders to make a positive change
in the industry."
Portnet.com will add value to PSA’s customers
in Singapore and overseas through the addition
of new services required by shipping lines, ports
and maritime communities. Such services will lower
the costs of operations and improve asset optimisation,
resulting in a "win-win" partnership
for all participating players.
Portnet.com Pte. Ltd.
A fully-owned subsidiary of PSA Corporation
Ltd, Portnet.com Pte. Ltd. aims to offer a comprehensive
suite of products to serve the port and shipping
community. Portnet.com also has several ready
products. At the heart of Portnet.com is the PORTNET®
system, which is the world’s first, and
still the only, nationwide e-commerce network
that has the participation of the entire shipping
and port community that operates through Singapore.
In June 1999, in keeping with worldwide technological
advances, PSA moved the PORTNET® system onto
the Internet platform, thereby opening its doors
to the global shipping and port community. For
more details on Portnet.com, visit our website
at http://www.portnet.com.
Oracle Corporation
Oracle Corporation provides the software
that powers the Internet. More information on
Oracle can be found at its website http://www.oracle.com.
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