Commodities giant Trafigura has fixed a new loan to support its exports of tanker and bulker cargoes from the United Arab Emirates.
The trader and charterer said it has arranged a $135m facility with the Abu Dhabi Exports Office (ADEX), the export financing arm of the Abu Dhabi Fund for Development, and Japan’s Sumitomo Mitsui Financial Banking Corp.
ADEX contributed $125m of the total for working capital needs, including for shipments of metals, minerals and refined hydrocarbons.
