Switch to e-bills of lading 'could save shipping industry $4bn a year'; Vale launches New York legal fight with BSG Resources; Airliners, shippers to benefit first from $33bn KDB COVID-19 fund

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• The container shipping industry could save itself up to $4 billion a year if half of all bills of lading (B/Ls) were dealt with digitally, according to the Digital Container Shipping Association (DCSA)

• Brazilian iron ore miner Vale has launched a legal action in New York to determine whether funds paid to BSG Resources within the framework of their former Simandou partnership in Guinea were used for property investments in the United State

• South Korea's government-led KRW40 trillion ($33 billion) corporate relief fund aimed at helping companies weather the COVID-19 pandemic crisis will first go to aid airliners and shippers with minimum debt of KRW500 billion ($407.5 million) and payroll of 300.

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