Torbjörn Törnqvist is selling his stake in Gunvor after renewed scrutiny of the firm's Russia ties. ...

Torbjörn Törnqvist co-founded trading house Gunvor with a Russian oligarch and close ally of Putin - Walaa Alshaer/Bloomberg A Swiss billionaire has sold his multibillion-pound stake in the trading house he co-founded after the US accused him of being a Russian “puppet”. Torbjörn Törnqvist has agreed to sell his entire 86pc shareholding in Geneva-based Gunvor, estimated to be worth $6.6bn (£5bn) overall, to a group of employees led by the company’s management. His decision, which also means he will leav ...

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Core Viewpoint - China's state oil trader Unipec, a subsidiary of Sinopec Corp, has secured a long-term agreement to supply approximately 60,000 metric tons of jet fuel to Lufthansa each year [1] Company Summary - Unipec, as a vehicle of Sinopec Corp, is expanding its operations in the aviation fuel sector through this new supply agreement with Lufthansa [1] - The deal signifies a strategic partnership between Unipec and Lufthansa, enhancing Sinopec's presence in the international aviation fuel market [1] Industry Summary - The agreement reflects the growing demand for jet fuel in the aviation industry, particularly as airlines like Lufthansa seek reliable suppliers [1] - This move may indicate a trend of increased collaboration between oil traders and airlines to secure fuel supply amidst fluctuating market conditions [1]

Core Insights - U.S. sanctions are significantly impacting Lukoil's Litasco, which was once the largest oil trader in Russia and a competitor to leading Swiss firms and major oil companies [1] Company Impact - Litasco, previously a dominant player in the oil trading sector, is facing dismantlement due to the enforcement of U.S. sanctions [1] Industry Context - The sanctions are reshaping the competitive landscape of the oil trading industry, particularly affecting Russian entities like Litasco that were once key competitors to established global firms [1]

Core Points - Delixy Holdings Limited successfully closed its initial public offering (IPO) of 2,000,000 ordinary shares at a public offering price of US$4.00 per share, raising total gross proceeds of US$8 million [1][3] - The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol "DLXY" on July 9, 2025 [2] - Proceeds from the offering will be utilized for expanding product offerings, strengthening market position, potential strategic acquisitions, and general working capital [4] Company Overview - Delixy Holdings Limited is a Singapore-based company engaged in trading oil-related products, including crude oil and various oil-based products such as fuel oils, motor gasoline, and petrochemicals [8] - The company operates across Southeast Asia, East Asia, and the Middle East, establishing a strong presence in the region's oil trading markets [8] - Delixy leverages strong relationships with customers and suppliers, providing value-added services and financing capabilities to enhance its trading operations [8]

Group 1 - Delixy Holdings Limited, a Singapore-based company, is engaged in the trading of oil-related products and has announced an initial public offering (IPO) of 2,000,000 ordinary shares at a public offering price of US$4.00 per share [1] - The company expects to receive gross proceeds of US$5.4 million from the offering, which will be used for expanding product offerings, strengthening market position, making strategic acquisitions, and general working capital [2] - The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on July 9, 2025, under the ticker symbol "DLXY" [1] Group 2 - Delixy Holdings Limited primarily trades in crude oil and oil-based products, including fuel oils, motor gasoline, additives, gas condensate, base oils, asphalt, petrochemicals, and naphtha [6] - The company operates across multiple countries in Southeast Asia, East Asia, and the Middle East, establishing a strong presence in the region's oil trading markets [6] - Delixy leverages strong relationships with customers and suppliers, providing value-added services such as tailored trading strategies and logistical support [6]

As filed with the Securities and Exchange Commission on March 26, 2025 Registration No. 333-283248 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 7 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 DELIXY HOLDINGS LIMITED (Exact name of registrant as specified in its charter) ____________________________ Not Applicable (Translation of Registrants name into English) | Cayman Islands | 5172 | Not Applicable | | --- | --- | --- | | (State or Jurisdiction ...

As filed with the Securities and Exchange Commission on March 19, 2025 Registration No. 333-283248 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 6 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 DELIXY HOLDINGS LIMITED (Exact name of registrant as specified in its charter) ____________________________ Not Applicable (Translation of Registrants name into English) | Cayman Islands | 5172 | Not Applicable | | --- | --- | --- | | (State or Jurisdiction ...

As filed with the Securities and Exchange Commission on March 10, 2025 Registration No. 333-283248 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 5 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 DELIXY HOLDINGS LIMITED (Name, address, including zip code, and telephone number, including area code, of agent for service) ____________________________ Copies to: William S. Rosenstadt, Esq. Mengyi "Jason" Ye, Esq. Ortoli Rosenstadt LLP 366 Madison Avenue ...