Trafigura: Difference between revisions
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Amsterdam Port Services BV, the company that had been contracted to take the waste, steeply raised their prices 20-fold immediately after delivery (without any justification according to Trafigura). Trafigura then decided to have the ship take back the waste and have it processed en route to the ship's destination being Nigeria. The waste was handed over to a local licensed processing company in one of Africa's largest seaports[[Abidjan]], [[Ivory Coast]] however the processing company illegally dumped the waste. Many people there became sick due to exposure to the waste, and investigations have been under way to determine whether it was dumped illegally by a local firm contracted by Trafigura. Trafigura have stated in a press statement that their tests show the waste not to be as toxic has been claimed, and they are unsure why so many people have become ill from exposure to it.<ref>{{cite web |
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| title = Trafigura Tests Contradict Media Speculation |
| title = Trafigura Tests Contradict Media Speculation |
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| publisher = Trafigura |
| publisher = Trafigura |
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Revision as of 14:38, 13 January 2007
Founded in 1993, Trafigura is a company that deals with trading metals as well as oil. On 2 July, 2006, a ship leased by the company entered a port in Amsterdam to unload a few hundred tons of waste, or "slops."[1] Amsterdam Port Services BV, the company that had been contracted to take the waste, steeply raised their prices 20-fold immediately after delivery (without any justification according to Trafigura). Trafigura then decided to have the ship take back the waste and have it processed en route to the ship's destination being Nigeria. The waste was handed over to a local licensed processing company in one of Africa's largest seaportsAbidjan, Ivory Coast however the processing company illegally dumped the waste. Many people there became sick due to exposure to the waste, and investigations have been under way to determine whether it was dumped illegally by a local firm contracted by Trafigura. Trafigura have stated in a press statement that their tests show the waste not to be as toxic has been claimed, and they are unsure why so many people have become ill from exposure to it.[2] The New York Times reported on October 3, 2006 that the dumping of the contents of the ship, which was carried out by a company called Tommy, was indeed illegal. The latest estimate of the casualties is ten dead and thousands injured.
On October 12 2006 Greenpeace reported that another ship in the Trafigura fleet, the Probo Emu and anchored off the coast of Spain was also suspected carrying dangerous waste [3]
Structure
Some of Trafigura's major international units include:
- Trafigura Beheer BV, based in the Netherlands
- Trafigura AG, is the main office, based in Lucerne, Switzerland, also deals with business in the United States.
- Trafigura Pte Ltd runs the Group’s petroleum trading in the Far East.
- Puma Group of Companies which operate the Group’s world-wide oil storage and distribution assets and investments.
- Galena Asset Management, based in London and FSA registered, is the subsidiary through which Trafigura has established and manages a fund management business.
See also
References
- ^ Polgreen, Lydia (2006-10-01). "Global Sludge Ends in Tragedy for Ivory Coast". New York Times. Retrieved 2006-10-01.
{{cite news}}: Unknown parameter|coauthors=ignored (|author=suggested) (help) - ^ "Trafigura Tests Contradict Media Speculation" (html). Trafigura. 2006-09-24.
- ^ Spain should investigate ship carrying dangerous waste: Greenpeace news.yahoo.com.
External links
- http://www.trafigura.com/, the Trafigura Web site.
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