Trafigura Jumps Into Chemicals Market with New Joint Venture

By Julia Payne LONDON, April 17 (Reuters) - Global commodities house Trafigura Group said on Wednesday it is entering petrochemicals trading by teaming up with Houston-based Altis Group International to take advantage of an expanding sector. Geneva-based Trafigura estimates the value of the global petrochemical market at $729 billion and growing. Oil majors have been … [Read more...]

U.S. Suspends Review on Trafigura Oil Export Project -Official

HOUSTON, March 15 (Reuters) - U.S. maritime officials have suspended their review of Swiss trader Trafigura AG's application for a Gulf Coast deepwater terminal while they await additional information, a U.S. Coast Guard official said on Friday. Trafigura is one of four groups seeking U.S. permits to build deepwater oil export facilities capable of fully loading supertankers … [Read more...]

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...]