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South Asia Gateway Terminals (SAGT) Becomes First Sri Lankan Terminal to Join TradeLens
By: South Asia Gateway Terminals (SAGT)
SAGT has played an important role in facilitating global trade through Sri Lanka by serving most of the world's shipping lines with the ambition of empowering the hub aspirations of Sri Lanka. With an annual throughput of over 2 million TEU containers (Twenty-feet Equivalent Units), SAGT is a pivot for movement of cargo through South Asia. The collaboration with TradeLens will allow SAGT to bring together data from the entire global supply chain ecosystem that includes shippers, shipping lines, ports and many more supply chain players from around the world. This data, based on the Blockchain-powered TradeLens platform, will improve operational efficiency through better visibility of container flows across multiple modes.
Mr. Ted Muttiah, Chief Commercial Officer of SAGT said, "Digitisation and digitalisation offer all stakeholders to the supply chain significant operational cost efficiencies. South Asia Gateway Terminals (https://www.sagt.com.lk/
TradeLens provides visibility across the entire supply chain, from booking to clearance to payments and is built on a wealth of input from the industry including direct integrations with more than 110 ports and terminals, 15+ customs authorities around the world and an increasing number of intermodal providers.
"TradeLens is an open and neutral platform that is digitalising the global supply chain ecosystem. With SAGT coming onboard, we have an important partner in South Asia which believes in our efforts of bringing efficiencies in logistics and thus helping our customers in bringing down cost of logistics", said Bimal Kanal, Head of TradeLens, South Asia. He added, "Our ambition is to have all stakeholders including shippers, shipping lines, ports, banks, custom authorities and so on, involved in the global supply chain to be on a common platform that will benefit the entire industry."