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24 November 2016

Gunvor seals European borrowing base as it cuts Russia ties

Long associated with the Russian market, Gunvor has made large strides in recent years to refocus its global activities. Following the purchase of a Rotterdam refinery...

17 November 2016

Trump towers over trade finance

Donald Trump’s election last Tuesday may have only surprised pollsters but there was a mixed reaction in the trade financing space. The potential effects of Trump’s...

14 November 2016

Côte d'Ivoire’s SAF-Cacao seals $25m PXF amid cocoa demand boom

Despite a poor season earlier this year, global demand for cocoa remains high. One of Côte d’Ivoire’s largest grinders has secured a PXF with British Arab Commercial Bank...

03 November 2016
in
Agri/Soft Commodities

Food for thought: Can agricultural traders feed the world?

When the famous Scottish novelist Robert Louis Stevenson opined, “Don't judge each day by the harvest you reap but by the seeds that you plant,” he encapsulated the need...

26 October 2016

Trafigura deepens Rosneft ties with Essar acquisition

Commodity trader Trafigura has taken big steps into the Indian market with their downstream acquisition of Essar Oil alongside sanctioned oil producer Rosneft. The...

18 October 2016

Traders ‘adapt to thrive’ amid commodity slump

Commodity houses have seen a difficult year for trading as a prolonged slump in prices without the contango opportunities that existed in 2015 has seen them look to find...

03 October 2016

The dos and don’ts of African toll road financing

The number of abandoned African toll road projects far outweighs the successful ones. Have development finance lenders worked out how to make financing them work?

30 September 2016

Tsetsii Wind and Japan’s role in Mongolia’s project finance rebirth

The financing for Newcom and Softbank’s Tsetsii wind farm sees Japan take the lead in supporting Mongolia’s power sector.

21 September 2016

Commodity financiers ‘cautious’ of China risks

Following the Financial Times’ Asia commodities summit in Singapore, questions have been asked about the over-supply of particular commodities and high debt levels in...

13 September 2016
in
Agri/Soft Commodities

Is Cofco set to break open the agri market?

Following the complete purchase of commodities traders Nidera and Noble Agri, Cofco, the Chinese state-backed trading house, could be set to move on a market suffering...

05 September 2016

Noble continues asset sales amid restructuring pressures

Beleaguered commodity trader Noble Group is continuing its debt restructuring efforts through asset sales and rights issues after a difficult year for the Hong Kong based...

17 August 2016

Mercuria seals borrowing base as lenders look to safer structures

Lenders have always been keen to protect their returns but a recent trend towards borrowing base facilities demonstrates a clear preference for stringent security and...

05 August 2016
in
Agri/Soft Commodities

Sustainable supply chain management gaining momentum

Olam’s acquisition of Archer Daniels Midland (ADM)’s cocoa business provides the perfect opportunity to investigate the trader’s track record for sustainable cocoa and...

08 July 2016

Trafigura exits Swiss traders' association over transparency

Trafigura’s exit from the Swiss Trading and Shipping Association demonstrates the effect of past mistakes on its current transparency agenda, and the different priorities...

28 June 2016

Cargill and Bunge go against the tide on sustainable palm oil

Cargill and Bunge stood out as the only traders not to cut ties with Malaysian palm oil producer IOI after its sustainability certificate was suspended, throwing up...

10 May 2016

Mind the gap: WTO warns of trade finance deficit

Demand for trade finance exceeds supply by around $1.4 trillion, a new report by the World Trade Organisation warns. The knock-on effects of this gap on global trade and...

05 February 2016
in
Metals and Mining

More miners look to ECAs to fund deals

TXF examines the dominant role development banks and export credit agencies (ECAs) now have in mining project finance as depressed commodity prices force miners to seek...

15 December 2015

Messerschmidt leaves Commerzbank to start SCF business at AKA

Commerzbank’s head of structured commodity trade finance (SCTF) Mario Messerschmidt has brought to an end his fifteen-year tenure at the bank, announcing his departure...

19 November 2015

HSBC ousts trade veteran Lambert in GTRF restructuring

HSBC’s highly-regarded global head of commodity & structured trade finance (CSTF), Jean-Francois Lambert, has left the bank. The departure comes as part of a structural...

10 June 2015

Boost for DRC trade with ATI credit risk agreement

The central bank of the Democratic Republic of Congo (DRC) has reached an agreement with the African Trade Insurance Agency (ATI) whereby banks will receive up to 50%...