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Gunvor meets targets, renews us $725 million sustainabilty-linked facility

Gunvor Group (“Gunvor”), one of the world’s largest physical energy commodities traders, has successfully met targets for its US $725 million sustainability-linked borrowing base financing and their performance has been subject to third party assurance from PricewaterhouseCoopers. Gunvor is the first energy commodities trading company to close a financing in which the interest rate is […]

Gunvor 2019 LNG Results

“We are pleased to deliver another year of growth in our LNG business,”  said Kalpesh Patel, Gunvor Group’s co-head of Liquefied Natural Gas (LNG) trading. “Our considerable presence in the LNG market is the result of consistent and reliable performance and strong partnerships along the value chain. Despite the near-term bearish sentiment in the LNG […]

Flex LNG agrees long-term charter with Gunvor

Flex LNG Ltd. (“Flex LNG” or the “Company”) (NYSE/OSE: FLNG) today announce that one of its subsidiaries has entered into a long-term time charter with Clearlake Shipping Pte Ltd, a subsidiary of Gunvor Group Ltd (“Gunvor”). The period under the time charter is up to ten years where the first five years are firm. The […]

Gunvor secures usd 1.69 billion revolving credit facility

GENEVA (8 November 2019) – Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 1.69 billion revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. Initially launched at USD 1 billion, the Facility received strong support from Gunvor’s banking partners and closed substantially over-subscribed. The RCF will be used to […]

Gunvor usa successfully closes usd 1.1 billion borrowing base

HOUSTON (6 November 2019) – Gunvor USA LLC, a subsidiary of Gunvor Group, has successfully closed the syndication of its USD 1.1 billion Borrowing Base Credit Facility. Gunvor USA increased the size of the Facility by USD 100 million while expanding its US banking group. “Gunvor’s North America operations have received strong, steady support from […]

GasLog Partners LP Announces New Multi-Year Charter Agreement with Gunvor

GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP) announced today that one of its subsidiaries has entered into a three-and-a-half-year charter for the GasLog Shanghai with Clearlake Shipping Pte Ltd, a subsidiary of Gunvor Group Ltd (“Gunvor”). The charter, expected to commence in June 2019, will have a variable rate of hire across […]

Commonwealth LNG and Gunvor Singapore Pte Ltd Sign Heads of Agreement Principal Terms for 1.5 Mtpa of LNG Offtake for 15-year term

Commonwealth Projects, LLC and Gunvor Group Ltd announce that their respective subsidiaries, Commonwealth LNG, LLC and Gunvor Singapore Pte Ltd, have signed a heads of agreement (HOA). The HOA anticipates the negotiation and finalization of a definitive 15-year liquefied natural gas (LNG) sale-and-purchase agreement (SPA) for 1.5 million tonnes per annum (Mtpa) of LNG offtake […]

Gunvor Group Results 2018

While Gunvor’s underlying trading platform continued to perform well, with significant new contributions from LNG and biofuels, adverse events altogether impacted net results for the Group. Gunvor faced a number of challenges in 2018. Read More

Gunvor usa closes us $1 billion credit facility

Gunvor USA LLC (“Gunvor USA”), a subsidiary of Gunvor Group, has successfully closed the syndication of a US $1 billion Borrowing Base Credit Facility (“facility”), which will support operations in the United States and Canada, as well as planned expansion in Latin America. Gunvor USA has three offices: Houston, TX, and Stamford, CT, which are […]

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 practical path for integrating the UN Guiding Principles on Business and Human Rights (the UNGPs). […]

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 the existing US $1.39 billion Facility dated 15 November 2017 and Tranche B of the […]

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. She succeeds Jacques Erni, who will transition into an Executive Director role on the Gunvor […]

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 holding company. The three partners hold an equal share in ClearOcean Tankers, which has been […]

Gunvor Group Results 2017

“2017 was an investment year for Gunvor, both in expanding our trading and upgrading our assets,” said Gunvor Group CFO Jacques Erni. “Underlying gross profit was strong given a challenging trading environment, and Gunvor is now well positioned to compete globally in all markets.” Read More

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 our commitment as a trading house to uphold progressive policies and practices in the oil […]

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, launched at US $1 billion, was substantially over-subscribed, drawing in US $1.81 billion, a record […]