Trafigura improves result in struggling market

Even though prices are dropping and pulling revenues down with them, volumes are still increasing - and this has improved the result, according to the financial report for the first nine months of the year from trading house Trafigura, which trades minerals, oil and metals.

An oversupply of oil and a decline in the prices of commodities has not stopped trade house Trafigura - which trades commodities such as oil, minerals and metals - from achieving a result for the first nine months of the year which is significantly better than last year.

In the first nine months of the year, revenue fell to USD 97.2 billion dollars compared to USD 126.2 billion in the same period last year, according to Trafigura's interim report for the period, released on Monday.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Container reliability hit new low at the end of 2021

Schedule reliability in the container industry set a new negative record in December 2021 with one route in particular hit hard with an on-time arrival rate of only 10 percent, show figures from Sea-Intelligence. Problems in supply chains are still ”a huge burden,” says Hapag-Lloyd.

DNB Markets says oil price could hit USD 100 a barrel

An optimistic scenario could see the oil price go above USD 100 per barrel, DNB Markets forecasts in its latest oil market report. It won’t take much for it to happen, oil analyst Helge André Martinsen says to ShippingWatch.

Cadeler secures two new deals

Shipping line Cadeler, which operates wind installation ships, lands two new deals, one with Vestas, the other with an unnamed customer.

Further reading

Related articles

Latest news

See all jobs