In the latest episode of the GTR News Brief, the new podcast series from the editorial team, host Felix Thompson gives a breakdown of recent major stories in trade and trade finance news as covered by GTR.
GTR has seen a review of disgraced oil trader Hin Leong’s activities and finances, carried out by interim judicial managers PwC.
Submitted to Singapore courts in June, it paints a damning picture of a company that had become reliant on fraudulent transactions and forging documents “on a massive scale”.
US authorities have seized Iranian oil from four tankers that were en route to Venezuela, in what is the latest escalation of American-led sanctions pressure on maritime trade.
According to a new report from Western Union and Oxford Economics, the post-pandemic recovery and growth of cross-border trade in services is expected to rely on digitalisation and the adoption of new technology.
Senior reporter John Basquill also provides a closer analysis on ABN Amro’s decision to cease all trade and commodity finance activities, following heavy losses due to Covid-19, low oil prices and the Hin Leong fraud scandal in Singapore.
