Trafigura Hooks up with K-SURE in $200m New-Look Financing Deal

Trafigura hooks up with K-SURE in $200m new-look financing deal

‘Innovative’ agreement aimed at boosting Korean shipping companies’ business as trader eyes chartering growth in country

Trafigura and K-SURE collaborate to support Korean shipping companies

The Korea Trade Insurance Corporation (K-SURE) has signed a $200 million mid- to long-term financing agreement with commodities trading house Trafigura, marking the first time an export credit agency (ECA) has provided financial support based on time charter agreements. The facility aims to improve Korean shipping companies’ export capabilities, thereby enhancing competitiveness among mid-sized maritime operators in the country’s shipping sector…

South Korea’s K-Sure backs funding for Trafigura ship chartering

Global commodities trader Trafigura has struck a US$200mn facility agreement with the Korea Trade Insurance Corporation (K-Sure), which the agency hopes will boost South Korea’s shipping industry.   South Korea’s export credit agency (ECA) K-Sure is providing a five-year guarantee that will support financing from Crédit Agricole CIB, which acted as coordinating and structuring bank, as well as Barclays and OCBC.   Trafigura is one of the world’s…