US Funded Russian Oil Cargo Hit

Swiss-based, Singapore-registered, and US Government-funded commodity trader Trafigura Group announced that one of their cargos of Russian fuel was struck by a missile as it left the Red Sea, 

The vessel collected its Russia-origin cargo via a ship-to-ship transfer from a stretch of water in the Laconian Gulf in southern Greece, according to data from analytics firm Kpler, Bloomberg reports.

In October Trafigura announced the establishment of $400 million revolving credit facilities subsidized by the Export Import Bank of the US (EXIM).

Financial Institution Buyer Credit (FIBC) policies backstop credit lines for Geneva and Singapore based Trafigura to broker natural gas purchases from the US “primarily to European Buyers,” according to EXIM.

By January 27, the vessel had been stabilized, and the company relased the following announcement:

"We are pleased to confirm that all crew on board the Marlin Luanda are safe and the fire in the cargo tank has been fully extinguished. The vessel is now sailing towards a safe harbour. The crew continues to monitor the vessel and cargo closely.

"We would like to recognise the exceptional dedication and bravery of the ship’s master and crew who managed to control the fire in highly difficult circumstances, as well as the essential assistance provided by Indian, United States and French Navy vessels to achieve this outcome."