Shipbuilding Industry Company Limited (CSICL) is going to explore how it can apply to financing its upstream suppliers, official Chinese newspaper People’s Daily on March 27. CSICL is a subsidiary of one of the two largest Chinese shipping conglomerates, Shipbuilding Industry Corporation (CSIC).
CSICL signed a strategic cooperation agreement on services with Shanghai . Per the terms of the agreement, CSICL and Shanghai Bank will purportedly develop an -based online supply chain finance platform for upstream suppliers of CSIC.
The platform would ostensibly provide financing for supply chains servicing the firm’s 10 major product sections: marine engineering, storage batteries, shipbuilding, turbochargers, tobacco machinery, diesel engines, large steel structure fabrications, port machinery, gas meters and automation distribution systems.
According to the People’s Daily, the recent agreement is part of Shanghai Bank’s plan to improve business processes using new technologies. Last October, Shanghai Bank reportedly launched its Uplink e-Chain — an online supply chain financial service platform for small and medium enterprises.
technology has been widely applied across the shipping industry and in various supply chains. In January, largest cargo shipping company, , a platform for electronic bills of lading to all clients in selected trades.
In February, shipping logistics company Infotech Baltika will develop a -based port operation system dubbed Edge.Port in partnership with Moscow-based startup Iconic.
Earlier in March, the it would go ahead with a pilot of its -based maritime trade platform . The pilot follows a January Memorandum of Understanding signed by Singapore’s Infocomm Media Development Authority, Maritime Port Authority, Singapore Customs and the Singapore Shipping Association.
Published at Sat, 30 Mar 2019 02:53:16 +0000
