----Portnet.com
 
 
 
13 September 2004

Press Release

SNSC AND PSA JOIN EFFORTS TO PROVIDE SHIPPERS WITH BETTER ACCESS TO SHIPPING INFORMATION

The Singapore National Shippers' Council (SNSC) jointly with PSA have launched an on-line "E-Freight Centre" for the shippers community to conduct business via the Internet.

The "E-Freight Centre" uses PSA's e-commerce solutions such as Portnet® and CargoD2D® to simplify cargo booking processes, and to integrate information flow amongst logistics service providers in the shipping community. Real-time information such as vessel schedules and booking status will be made available to shippers.

This will facilitate better planning and control of the logistics process. In addition,shippers will be able to track their containers within the PSA Singapore Terminals via Portnet® and CargoD2D®. The "E-Freight Centre" will enhance the operational efficiency of shippers and their linkages with the shipping community, leading to significant cost and time savings.

The launch of the "E-Freight Centre" and its Track and Trace facility for shippers was announced at the two-day Federation of ASEAN Shippers' Councils (FASC) Forum held in Singapore from 13 to 14 September 2004. Participants were able to get first-hand experience of the "E-Freight Centre", Portnet® and CargoD2D® capabilities.

Mr John Lu, Chairman, Singapore National Shippers' Council, said: "One of the key objectives of the "E-Freight Centre" is to provide an e-enabled platform for shippers to manage their cargo booking process with shipping lines and other logistics service providers. This new initiative is the result of the valued partnership between SNSC and PSA. Together, we seek to provide access to real-time shipping information and services for shipper.

PSA is a world-class innovator of port technology. We are confident that the "E-Freight Centre" will help increase cargo visibility to shippers through the Portnet® and CargoD2D® modules which have contributed to Singapore's status as an international shipping and logistics hub.

Ms Grace Fu, CEO, PSA Singapore Terminals, said: "PSA values our partnership with SNSC. We will continue to invest in technology to enhance our service to shippers. By capitalising on our hub activities in Singapore, PSA is able to provide useful information via the Internet to shippers. We hope that through the "E-Freight Centre", Portnet® and CargoD2D®, shippers will be able to streamline their cargo booking processes further, and that they will enjoy real-time tracking of their cargo and manage their costs even more effectively."

Background
The Singapore National Shippers' Council (SNSC) represents the interests of Singapore exporters, importers, manufacturers, producers, trade associations, commodity associations and other organisations associated with trade in relation to transportation of goods and/or commodities. SNSC seeks to secure efficient, economical and adequate shipping services and transport facilities for these trade industry players by facilitating the greatest possible cooperation between the industry
players.

PSA Singapore registered a record year-on-year growth of 18% in June 2004 with the number of containers handled per day reaching some 60,000 TEUs daily. For the first half of 2004, volumes at PSA Singapore grew by 15% to reach 9.9 million TEUs. PSA Singapore handled 18.1 million TEUs in 2003.

Ends.

Contact Details:
SINGAPORE NATIONAL SHIPPERS' COUNCIL: www.snsc.org.com
Name : Ms Carol Dass
Designation : Executive Secretary
Tel : 6337 2441
Email : snsc@pacific.net.sg

PSA CORPORATION LIMITED: www.singaporepsa.com
Name : Ms Wong Fong Tze
Designation : Vice-President (Corporate Communications)
Tel : 6279 4680
Email : ftwong@psa.com.sg