PSA has increased its shareholding from 15 to 45 percent in CrimsonLogic Pte Ltd (CrimsonLogic), a world leader in trade facilitation and eTrade products & services. With the increased relationship, PSA and CrimsonLogic intend to focus on the fusion of domain know-how of PSA in port operations and CrimsonLogic in trade facilitation. They will collaborate on new innovations and trade solutions that can facilitate global trade flow and improve processes in the supply chain. The close collaboration between PSA, CrimsonLogic and IE Singapore can drive synergies and innovations in streamlining trade processes, improving efficiency and enhancing trade competitiveness on the journey of digital transformation towards serving customers better around the world.

For more information, please click on the button below for the press release: