Pacific International Lines (PIL) has achieved a significant milestone by completing full integration with the Singapore Trade Data Exchange (SGTraDex) platform.
In collaboration with KPI OceanConnect, this accomplishment marks a transformative leap toward global digitization in PIL's maritime operations.
The integration, initiated in early 2023 and finalized in December of the same year, empowers PIL to utilize SGTraDex for enhanced transactional processes with stakeholders, including suppliers and financial institutions. This development represents a crucial stride in advancing efficiency and transparency within maritime operations.
"What we have achieved at PIL with our partners demonstrates that collective commitment and efforts are indeed useful and effective in improving efficiency through digitalisation for the maritime industry. We are sharing our positive experience on this successful integration with SGTraDex on bunkering operations so that members of the maritime industry would continue to pledge their support for this initiative," stated Goh Chung Hun, head of Fleet Division, PIL.
As part of the integration, PIL successfully conducted an overseas bunkering transaction with KPI OceanConnect, showcasing the feasibility of utilizing SGTraDex for transactions beyond Singapore. This landmark transaction highlighted the platform's potential to streamline complex processes and foster smoother collaborations between shipping lines and their network of organizations.
Since the successful bunkering transaction, PIL has completed over 40 transactions through SGTraDex, demonstrating the platform's adaptability to handle a diverse range of transactions across the maritime sector.
Before this integration, PIL had to export and email documents to suppliers, who manually uploaded key information onto the e-invoicing portal. With the integration, suppliers' API integrated with SGTraDex can seamlessly push or upload documents to PIL directly from their ERP systems, eliminating the need for multiple system navigation. PIL estimates that this integration could potentially result in an overall 30% time savings once other suppliers adopt SGTraDex, significantly enhancing efficiency for all stakeholders involved.
"We are thrilled to witness the successful integration of SGTraDex with PIL, and the subsequent transactions affirm the platform's effectiveness. This achievement is a testament to the collaborative spirit within the maritime industry and paves the way for a future where digital solutions seamlessly enhance operations," said Head of Operations & Business Development, Kelvin Ling at SGTraDex.
In the future, SGTraDex foresees a digital integration norm, fostering greater collaboration, lowered operational costs, and heightened overall efficiency within the maritime sector.
According to a statement, KPI OceanConnect, a key partner in this global integration journey, emphasises the significance of this achievement as an early adopter of SGTraDex. The successful overseas bunkering transaction with PIL is a critical step forward in digitising the information and business chain on a global scale.
"This milestone is a testament to the collaborative efforts of PIL, KPI OceanConnect, and SGTraDex in driving global digitisation in maritime operations. As an early adopter of the SGTraDex platform, KPI OceanConnect is proud to be part of this innovative and transformative journey. The successful overseas bunkering transaction exemplifies the platform's effectiveness, and we believe this integration will set new standards for efficiency and collaboration worldwide. This achievement reflects our dedication to advancing industry-wide innovation and reinforces our belief in the power of digital solutions to shape the future of maritime trade” commented Henrik Zederkof, head of Global Accounts at KPI OceanConnect.
