TXF Podcast

Saudi Aramco ships blue ammonia to Japan for zero-carbon power; The Crown Estate completes lease awards for offshore wind extensions; ACI Worldwide, Mastercard unveil RTP partnership

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 UK's Crown Estate has completed the award of Agreements for Lease (AfL) to six proposed offshore wind project extensions in the waters around England and Wales

• Saudi Aramco and the Institute of Energy Economics, Japan, have sent the world’s first shipment of blue ammonia to Japan

  ACI Worldwide and Mastercard have announced a partnership to provide a range of real-time payment solutions globally

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Olam secures first club loan pegged to SORA and OPEC signs loan with EADBB

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 Export-Import Bank of India has agreed financing of $800 million to fund the Hanimaadhoo International Airport expansion project in the Maldives. 
• Olam International has secured Singapore’s first club loan pegged to the Singapore Overnight Rate Average (SORA) with DBS Bank and Industrial and Commercial Bank of China
• The OPEC Fund for International Development has signed a $20 million term loan to the East African Development Bank (EADB)

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ITFC signs $100m trade finance deal with Mizuho; BNDES raises $100m from JBIC to finance wind farms; Standard Bank to join Contour trade finance network

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 International Islamic Trade Finance Corporation has signed a $100 million Murabaha-structured line of trade finance with Mizuho Bank in Malaysia

• BNDES raises $100m from JBIC to finance wind farms

• South Africa’s Standard Bank is joining the Contour blockchain trade finance network

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Glencore admits deal to buy South African strategic crude oil reserves was invalid; Petrobras to raise Rio's LNG import capacity by 50%; SWIFT unveils plans to expand beyond financial messaging

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 Strategic Fuel Fund has reached an in-principle agreement with diversified miner Glencore to reverse the 2015 sale of South Africa's strategic crude oil reserves;

• Brazil's Petrobras has successfully concluded tests that will allow for a 50% capacity expansion at its Rio de Janeiro liquefied natural gas import terminal to 30 million cubic meters per day

• SWIFT has unveiled plans to expand over the next two years beyond financial messaging to offer member banks comprehensive transaction management services

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US Ex-Im reforms and renews PEFCO partnership; BCS Global Markets joins $800m SUEK PXF; Surecomp says solutions are ready for LIBOR transition

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 Export-Import Bank of the United States has voted to renew its partnership with the Private Export Funding Corporation (PEFCO) for 25 years

• Russian coal company SUEK's pre-export finance facility of up to $800 million has been joined by BCS Primebrokerage Limited, a London brokerage service provider of BCS Global Markets.

• Treasury group Surecomp says its solutions are fully enabled with alternative reference rate calculations to help customers in their transition away from using LIBOR-based instruments.

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Four banks sign $450m loan for Lima airport development; Mercuria signs JPY55.5bn facility; UK and Japan agree free trade agreement;

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:

• Lima Airport Partners has signed a $450 million financing agreement for its airside development program at Jorge Chávez International Airport in Lima, Peru.

• Mercuria Energy Group has signed a new JPY55.5 billion, three-year samurai term loan facility

• The UK has secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation and will increase trade with Japan by an estimated £15.2 billion

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World Bank hires new Country Director for Kenya, Rwanda, Somalia, Uganda; Mining deal value falls by over $18bn amid Covid-19 crisis; ICC announces executive hire to lead Digital Standards Initiative;

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 World Bank has appointed Keith Hansen as the new Country Director for Kenya, Rwanda, Somalia

• Global mining deal value fell to $46.6 billion in the first half of 2020 - a drop of over $18 billion from the same period last year as the coronavirus crisis hit, according to new reseach by GlobalData

• The International Chamber of Commerce has launched ICC Digital Standards Initiative, which will work towards establishing a globally harmonised, digitised trade environment

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Evolving challenges keep Jim Cruse at US Ex-Im for 50 years and counting; Sucafina expands in North America with new hires; RTGS Global unveils cross-border payments collaboration with Microsoft

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:

• Evolving challenges keep Jim Cruse at US Ex-Im for 50 years and counting

• Sucafina expands in North America with new hires

• Cross-border liquidity network RTGS Global has launched stage one of its operational rollout

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Portbase and TradeLens complete first phase of connection; Atradius warns of 26% rise in insolvencies amid Covid-19 crisis; Gunvor Singapore offers lowest bid in Pakistan LNG import tender

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:

• Atradius anticipates a 26% increase in global corporate insolvencies, largely in the second half of 2020 - an increase mainly driven by the impact the COVID-19 pandemic is having on global economies

• Gunvor Singapore has offered the lowest price for a liquefied natural gas import tender by Pakistan LNG

• Rotterdam-based Portbase has completed the first phase of connecting with TradeLens, a blockchain platform for trade digitization

   

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EBRD considers loan to ACWA for Egyptian solar project; Whiting Petroleum emerges from bankruptcy, appoints new CFO; VoPay partners with Currencycloud for cross-border B2B payments

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:

• EBRD is considering an application from ACWA Power for a senior debt financing of up to $40 million for the construction of a 200MW solar park in Kom Ombo, Egypt

• US oil and gas company Whiting Petroleum has emerged from Chapter 11 bankruptcy and completed its financial restructuring, shrinking its funded debt by about $3 billion

• Canada-based payment technology company VoPay and Currencycloud have announced a partnership to deliver a real-time cross-border B2B payments solution

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.