Latest News

Nordea makes trade finance hire

Patrik Zekkar has joined Nordea as head of trade and working capital management sales, Trade Finance has confirmed

China Exim closes on second Frontline ship loan

China Exim Bank has closed on a term loan to part-finance eight new crude oil tankers for Norwegian shipowner Frontline, the borrower has announced

DFI-backed Sierra Leone IPP nears close

CEC Africa and TCQ Power are nearing close on Sierra Leone’s first independent power producer (IPP) project, the 57MW Freetown oil-fired development

Kurdistan agrees oil prepayment deals

The Kurdistan regional government in Iraq has agreed $3 billion of prepayment financings with trading houses for oil exports, Reuters reported on 28 February

Hyundai Merchant Marine moves towards Kexim-backed bailout

Hyundai Merchant Marine, South Korea’s second largest shipping line, has gained shareholder approval for a recapitalisation plan with the government-backed financier Korea Shipping

Euler Hermes France hires head of brokerage sales

Euler Hermes has appointed Alice de Brem to the management board of Euler Hermes France as sales director for brokers, the trade credit insurer announced on 27 February

DFIs and World Bank sign Jordan wastewater financing

The World Bank, EBRD and the UK’s Department for International Development have agreed a $48 million concessional debt and grant package to finance construction of a wastewater pipeline in Jordan

JBIC signs Tanjung Jati financing

JBIC and NEXI have joined commercial banks to sign financing on the $4.2 billion Tanjung Jati B coal-fired power plant expansion project in Indonesia

Delek and Avner sign loans for Leviathan's first phase

Delek Drilling and Avner Oil have signed on loans totalling $1.75 billion to fund their portion of the Leviathan gas field’s first development phase off the coast of Israel

Standard Chartered renews IFC trade finance deal

Standard Chartered has renewed its commitment to the IFC’s Global Trade Liquidity Program by committing to provide at least $500 million of additional lending to trade finance deals in emerging markets

Diana Shipping yet to resolve covenant breach

Greek shipping line Diana Shipping has yet to resolve a breach of covenant on its single largest loan, the firm confirmed on 24 February shortly after reporting the breach

EBRD finances Turkish metro trains order

The EBRD has signed a €10 million ($10.5 million) loan to Turkish public transport vehicle manufacturer Bozankaya to help finance an export order

Dierk Overheu quits Nidera

Dierk Overheu is to step down as chief executive of Dutch agricultural trade Nidera, a company spokesman confirmed on 23 February

Belinvestbank becomes EBRD trade finance confirming bank

Belarusian state-owned development bank Belinvestbank has been recognised as a confirming bank in the EBRD’s Trade Facilitation Programme, it was announced on 23 February

SACE and Turk Eximbank sign co-insurance deal

SACE and Turk Eximbank have signed a co-insurance agreement to generate new trade deals for Turkish and Italian companies, the ECAs announced on 22 February