As western markets rush to secure long-term supply of energy and critical metals, export credit agencies (ECAs) are breaking new ground. A string of bumper ECA-backed deals in Europe’s commodities sector continue to make headlines, and around the world, the driving forces behind those deals show no signs of abating. Is this trend here to ...| Global Trade Review (GTR)
London's High Court has ruled that Trafigura does not have to repay Rasmala Trade Finance Fund US$21.6mn in a case involving forged documents| Global Trade Review (GTR)
Trafigura has renewed its energy-focused North America borrowing base credit facility, closing at just over US$4.2bn after oversubscription from bank participants. Trafigura Trading LLC, a Houston-headquartered subsidiary of the commodity trading giant, announced it had closed the two-year facility this week, initially launching at US$3.75bn in April. It renews a 2023 facility that closed at ...| Global Trade Review (GTR)
Standard Chartered has named Christophe Baumann as head of transaction banking corporate trade sales for Europe and the UK, a newly created role. Baumann (pictured) is tasked with leading the trade sales team in Europe and will “further grow Standard Chartered’s trade finance business with UK, Swiss, Turkish and continental Europe corporate clients, as well ...| Global Trade Review (GTR)
The GTR Leaders in Trade awards highlight excellence in the trade, commodity, supply chain, export finance and fintech markets. The winners in each category are based on submissions sent to GTR. Where relevant, Best Deals signed in 2024 were referenced as further substantiation for GTR’s decisions. GTR revealed the shortlist for the Leaders in Trade ...| Global Trade Review (GTR)
Three more banks have announced their support for the International Chamber of Commerce (ICC)'s Principles for Sustainable Trade Finance.| Global Trade Review (GTR)
Commodities trader Trafigura has secured a US$235mn syndicated loan agreement with two banks and Abu Dhabi’s export finance institution, aimed at supporting the company’s purchase of UAE-produced commodities such as energy, minerals and metals. The facility is backed by Japan’s SMBC, which coordinated the syndication, and the Commercial Bank of Dubai (CBD). Under the terms…| Global Trade Review (GTR)
