Mubadala, Trafigura Win Control Of Batista Port In $996 Million Deal

By Guillermo Parra-Bernal SAO PAULO, Oct 15 (Reuters) - Brazilian businessman Eike Batista ceded control of an iron ore port to Dutch energy firm Trafigura Beheer BV and an Abu Dhabi sovereign wealth fund in a $996 million deal that takes debt off his hands and secures new investment for the port. The former billionaire's latest effort to stave off the collapse of his … [Read more...]

Trafigura Bullish on Clean Products Sector, Buys Trio of MR Tankers

Jan. 21 (Bloomberg) -- Trafigura Beheer BV agreed to buy three medium-range tankers to carry refined oil products such as gasoline, its first purchase of vessels in the class, as earnings for the ships rise. The tankers have been put on subjects, meaning the transaction is not yet final, Victoria Dix, a Geneva-based spokeswoman for the company, said today by e-mail. She … [Read more...]

Trafigura Charters VLCC Bound for S. Korea, Forties Prices May Soon Stabilize

LONDON--The sliding price of North Sea Forties crude, the main component of global benchmark Brent, is set to find support as up to 2 million barrels of the grade are set to leave the region for South Korea next month, according to shipping fixtures seen by Dow Jones Newswires Thursday. Oil trading firm Trafigura Group moved to charter the Very Large Crude Carrier, or VLCC, … [Read more...]