Hong Kong will launch a multi-modal digital cargo tracking and data exchange network in January, reported London's S&P Global.

Willy Lin, chairman of the Hong Kong Shippers Council, said the port community system will be a game changer by improving cargo visibility and operational efficiency. The government expects the use of real-time data to make trade finance more efficient, cutting credit costs and speeding up payments.

Officials estimate the system could save US$406 million annually Sunny Ho, executive director, said the system will be free initially but warned maintenance and updates could be expensive.

The government expects about 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 allow manifests to be submitted before vessels enter South China ports, speeding customs clearance.

Mable Chan, Hong Kong's secretary for transport and logistics, said the collaborative platform will connect sea, land and air networks,

https://www.shippingazette.com/news?news_id=9260100000117