Hong Kong's new digital cargo tracking network aims to enhance efficiency and save costs for 50,000 users starting in January.
Hong Kong is set to launch a multi-modal digital cargo tracking and data exchange network in January, as reported by London's S&P Global.
Willy Lin, chairman of the Hong Kong Shippers Council, stated that this port community system will be a game changer, significantly improving cargo visibility and operational efficiency. The government anticipates that real-time data will enhance trade finance, reducing credit costs and expediting payments.
Officials estimate that the system could save up to US$406 million annually. Sunny Ho, executive director, mentioned that while the system will be free initially, maintenance and updates may incur significant costs.
The government expects around 50,000 users, including shippers, forwarders, customs brokers, carriers, airlines, and trucking firms. Crown Logistics will integrate its CrownCompass platform to automate customs declarations, cargo release, and trucker assignments.
The system will be operated by the government-backed Logistics and Supply Chain MultiTech R&D Centre to ensure neutrality and confidentiality. An agreement with Guangdong e-Port Management Company will facilitate the submission of manifests before vessels enter South China ports, thereby speeding up customs clearance.
Mable Chan, Hong Kong's Secretary for Transport and Logistics, emphasized that this collaborative platform will effectively connect sea, land, and air networks.
