Category Gunvor Group

Gunvor moves to integrate un human rights principles

Energy trader completes human rights review by management consultant twentyfifty Gunvor Group, one of the largest global physical energy commodities traders, has completed a human rights review with respected human rights and management consultant twentyfifty in order to establish a…

Gunvor successfully closes us $1.68 billion revolving credit facility

Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US $1.68 billion Revolving Credit Facility (“Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility, which saw a 20% increase, will replace the maturing Tranche A of…

Gunvor appoints muriel schwab as group chief financial officer

Gunvor Group, one of the largest physical energy commodities trading houses in the world, has appointed Muriel Schwab to be Group Chief Financial Officer (CFO). Muriel will be located at Gunvor’s offices in Geneva and serve on the Executive Committee.…

Gunvor closes innovative us $745 million facility linked to sustainability targets

Related savings will go to support new Gunvor Foundation Gunvor Group (“Gunvor”) has closed an innovative US $745 million secured borrowing base facility (“Facility”) that includes performance commitments related to Gunvor’s sustainability targets. Gunvor is the first energy commodities trading…

Gunvor forms new ship holding jv clearocean tankers

ClearOcean Tankers has ordered 6 eco-friendly, scrubber-ready tankers Gunvor Group, one of the largest physical energy trading companies in the world, has entered into a joint venture with Oceangold Tankers and Maas Capital to form ClearOcean Tankers, a new ship…

Gunvor joins eiti transparency initiative

Gunvor Group, one of the largest physical commodities trading companies in the world, announces its support of the Extractive Industries Transparency Initiative (EITI), the global standard for improving transparency of revenues from natural resources. “Gunvor’s support for the EITI reflects…

Gunvor secures us $1.39 billion revolving credit facility

Strong bank support for Group strategy results in substantial over-subscription Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US $1.39 billion Revolving Credit Facility (“RCF”) in favour of Gunvor International B.V. and Gunvor SA (the “Borrowers”). The RCF,…

Gunvor usa secures us $875 million borrowing base facility

Gunvor USA LLC, a subsidiary of Gunvor Group, has successfully closed the syndication of its US $875 million Borrowing Base Credit Facility. The facility will support the company’s established operations in the United States, as well as planned expansion into…

Gunvor enters into arrangement to sell stake in maasvlakte olie terminal to aramco overseas company b.V.

Gunvor Group (“Gunvor”), one of the largest physical commodities trading houses in the world, has entered into an arrangement to sell its stake in the Maasvlakte Olie Terminal (“MOT”) in Rotterdam, the Netherlands to Aramco Overseas Company B.V. (“AOC”), a…

Gunvor closes €450 million borrowing base facility to support german operations

Gunvor Group has successfully closed a €450 million borrowing base facility to support ongoing operations and provide working capital for its oil refinery in Ingolstadt, Germany. The 1-year revolving facility launched at €400 million and was significantly oversubscribed, reflecting a…