BOC HONG KONG (02388.HK) has partnered with COSCO SHP SG to launch a new container shipping electronic service platform, "Port Exchange", which enables real-time cargo account management and fund receipt and payment, providing the shipping industry with a safe, efficient, and convenient electronic payment experience, assisting the digital transformation and upgrade of the shipping industry.

BOC HONG KONG stated that it utilizes the latest iGTB API1 and other technologies to support the integration of COSCO SHP SG's freight management system with the banking platform, allowing COSCO SHP SG to achieve rapid, batch, and automated collection and reconciliation through online channels, significantly improving operational efficiency and reducing manpower costs.