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...
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...
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...
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...
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...
Commodity trader Trafigura has taken big steps into the Indian market with their downstream acquisition of Essar Oil alongside sanctioned oil producer Rosneft. The...
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...
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?
The financing for Newcom and Softbank’s Tsetsii wind farm sees Japan take the lead in supporting Mongolia’s power sector.
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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%...
The financing backing TotalEnergies’ Mozambique LNG project was taken out of the financial fridge earlier this year but funds are yet to be disbursed. With the latest military insurgence in the gas-rich region, and ECAs and banks reticent on when the deal will close, meeting conditions precedent seems ambitious in 2024.