Vitol, Shell and Litasco seek crude tankers to mitigate glut amid coronavirus outbreak; BSTDB lends to Armenian DFI for SME funding;Vicentin to begin debt restructuring
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:
Three of the world’s largest oil traders - Vitol, Royal Dutch Shell, and Litasco - are seeking to store crude on tankers at sea as the industry tries to deal with a glut that’s emerged since the outbreak of the coronavirus in China
The Black Sea Trade and Development Bank (BSTDB) has provided a $10 million SME loan facility to the Armenian Economy Development Bank (Armeconombank)
Vicentin, Argentina's top exporter of processed soy, has asked a judge to begin negotiations for debt restructuring as the firm struggles to cope with a widening economic crisis in the country
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Create your
podcast in
minutes
It is Free