Like the banking sector, commodity traders are facing increased scrutiny for questionable business practices in resource-rich countries. Now Glencore, the world's largest commodity trader, is facing a US investigation for possible corruption.
The struggling commodity trader, once Asia's biggest, is seeking to restructure its debt through a Bermudan court using a local insolvwency process. The company's original plan failed as Singapore authorities blocked a vital element.
Rates for product tanker vessels are up by 35-40 percent since Hurricane Harvey struck Texas and closed 10 refineries. Anders Engholm, CEO of Hafnia Management, sees long-term impacts as a result of the natural disaster.
Investor Jan Bech Andersen, who in his native Denmark is known as the main shareholder of a listed football club, has taken over the post as head of the tanker division in one of the world's leading trade houses within oil products, based in Geneva.
Trading house Trafigura finished the financial year 2015/16 with a setback on the bottom line, though the low commodity prices boosted volumes. Trafigura points to continuing difficult market conditions and pressure on producers through 2017.