TXF Podcast

Wilmar signs $100m ESG-tied loan; ICC welcomes new Centre for Digital Trade and Innovation; Rio Tinto investors vote against financial statements in climate protest

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 Government has released a policy paper that sets out its strategy for greater energy independence

• Singapore-based Wilmar International has signed a three-year $100 million sustainability-linked loan with the Bank of East Asia

• Rio Tinto received an alumina shipment from Russia's Rusal in late March, weeks after saying it was severing ties with Russian businesses over Moscow's invasion of Ukraine, an analysis of shipping data showed.

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

Tokio Marine says Greensill took out policies fraudulently; Kexim delays financing for Barossa gas field project; Biden orders ‘largest release of oil reserves in US history’

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:

• Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said, adding it did not plan to pay out on the policies and would "vigorously defend" itself against any legal claims

• US President Joe Biden has announced plans for what is said to be the largest release from the strategic petroleum reserves in American history of 1 million barrels a day for six months to lower gas prices at the pump.

• The Export-Import Bank of Korea has put on hold its decision to provide financial support for the Australian Barossa-Caldita gas field project

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

Euler Hermes changes name to Allianz Trade; EBID and India Exim sign $100m credit line; AfDB to raise $1bn to ramp up agri production

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:

• Euler Hermes has changed its name to Allianz Trade

• The ECOWAS Bank for Investment and Development has signed a $100 million commercial credit line with India Exim Bank

• The AfDB is aiming to raise $1 billion to rapidly ramp up agricultural production in Africa and stave off a potential food crisis brought on by Russia

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

IsDB signs green agenda agreement with Pakistan; Saudi Arabia hikes oil investments as it profits from price surge; Germany looks to Qatar for LNG supply

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:

• IsDB has signed three financing agreements, valued at $180 million, with the Government of Pakistan to support its green agenda

• Germany has agreed a contract with Qatar for the supply of liquefied natural gas that will help the country wean itself off its dependency on Russian energy; 

• Saudi Arabia's state oil company Aramco, under pressure from the West to boost output amid soaring prices

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

BP and Eni set to create Angola’s largest producer; Cargill, ADM to scale back business in Russia, keep open food facilities; Saudi to tender 15GW of renewables in next two years

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:

• Saudi Arabia is lining up tenders for 15GW of renewable energy projects according to the Kingdom's Energy Minister Prince Abdul Aziz bin Salman

• BP and Eni have signed an agreement to form a new 50/50 independent company in Angola through the combination of the two companies’ Angolan businesses.

• Basil Louvrais is joining Swiss Re Corporate Solutions as trade finance North America Geographic lead 

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

Shell buys cargo of Russian crude loading mid-March from Trafigura; JBIC invests up to €100m in Clean H2 Infra Fund; Trade credit insurers pull back from Russia, Ukraine after invasion

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:

• Shell bought a cargo of Russian crude oil from Swiss trader Trafigura in S&P Global Platts window loading from Baltic ports at a record low of dated Brent minus $28.50 a barrel

• JBIC is investing up to €100 million (about $108.7 million) in Clean H2 Infra Fund of France, which is targeting €1.5 billion

• Trade credit insurers are pulling back from covering businesses exporting to Ukraine and Russia following Moscow's invasion, given the risks of sanctions, high claims or missed payments, industry sources say

 

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

EBRD to suspend Russia and Belarus; Poland, Lithuania speed up gas link amid Russia supply concerns; SACE’s Archirodon Group loan marks inaugural sustainability-linked untied credit line

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 EBRD is just waiting on approval from its governors to suspend indefinitely Russia and Belarus’ access to EBRD finance and expertise

• A natural gas pipeline called GIPL will open on 1 May, ahead of its initially anticipated mid-2022 start, linking the Polish grid with a route to an LNG terminal in Lithuania

• SACE, HSBC and Archirodon have signed an agreement for a $50 million untied three year credit line with a link to sustainability

 

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

Global trade grows but is expected to slow in 2022; SC Ventures launches bank agnostic SCF; LNG industry rebounds in 2021 to 380m tonnes

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:

 

• Global trade in LNG increased 6% to 380 million tonnes during 2021 as many countries rebounded from the economic impact of the COVID-19 pandemic, according to Shell’s latest annual LNG Outlook. 

• SC Ventures, Standard Chartered’s innovation, fintech investment, and ventures arm, has launched Trade and Supply Chain Connect (TASConnect)

• A new report by the United Nations Conference on Trade and Development has revealed that global trade reached a record high in 2021, about $28.5 trillion, an increase of almost 13% relative to pre-Covid pandemic levels.

 

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

CDC appoints 4 new managing directors; Narrabri expansion ’would make it dirtiest thermal coalmine in Australia’; Credit Suisse gets more cash in Greensill funds

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:

 

• CDC, the UK’s development finance institution that will soon be renamed British International Investment, has appointed four new managing directors

• A $400 million mine expansion earmarked for approval by the New South Wales government would become the dirtiest thermal coal project in Australia

• Credit Suisse has recovered more cash from the frozen supply chain finance funds linked to Greensill and has filed seven insurance claims in the matter so far, its asset management arm said

 

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

No Aker, JGC to work on Russia’s Yakutsk LNG project; Olam prices $275m US private placement; IFC, DEG help HDBank expand SME lending

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:

 

• Japan's JGC and Norway's Aker Solutions will conduct the front-end engineering design and project documentation for Russia's Yakutsk LNG project

• Olam International subsidiary Olam Americas has priced a $275 million issuance of five and seven-year fixed rate notes via a private placement

• IFC, LeapFrog Investments, and DEG have invested $165 million in convertible Tier 2 bonds issued by Vietnam's HDBank.

 

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