Shipping & Ports
Trafigura Establishes Volare Shipping to Manage Crude Tanker Fleet
Trafigura has formed Volare Shipping Ltd., a dedicated subsidiary created to own, operate, and expand a modern fleet of oil tankers.
Commodities group Trafigura has launched a new dedicated corporate entity, Volare Shipping Ltd. The company was established to own, run, and scale up a fleet of modern crude oil tankers.
The starting portfolio for Volare Shipping consists of six active Very Large Crude Carriers currently in service, alongside an order book featuring eight newbuild vessels.
Commercial operations and management of the fleet will be overseen directly by Trafigura's global shipping division.
Source attribution
This report was written by the Global Freight editorial desk based on material published by Hellenic Shipping News Worldwide. It is an original summary and analysis, not a reproduction of the source text. Figures and claims are limited to those present in the source material.
Trafigura launches Volare ShippingGlobal Freight Briefing
The commodity and freight brief, twice weekly
Concise coverage of fuel oil, energy trading and shipping markets for professional readers. No promotional content.
Related coverage
Related blogs
Further reading across commodity trading, energy and oil markets, fuel oil and shipping logistics.
- Shipping & Ports
Trafigura Prepares Volare Shipping for Oslo Listing with $500m Placement
Trafigura is launching Singapore-based Volare Shipping with a $500m private placement ahead of a planned public listing in Oslo.
- Shipping & Ports
OPEC Reports August Rise in Crude Tanker Spot Freight Rates
Spot freight rates for dirty tankers strengthened in August, propelled by a broad recovery in VLCC earnings across all monitored routes, according to OPEC.
- Market Intelligence
Iraqi Oil Tankers Co. Seeks Fleet Acquisition to Expand Shipments Beyond Hormuz
Iraqi Oil Tankers Co. plans to buy crude carriers to transport oil beyond the Strait of Hormuz rather than transferring shipments at Basrah.
- Market Intelligence
NYK Plans Transition Bond Issue to Fund LNG Fleet Investments
Japanese shipping group NYK is preparing a new transition bond issuance this month to support decarbonisation initiatives, including LNG-powered vessels.
- Commodity Trading
The 10 Best Commodity Trading Companies in 2026: Owners, Origins and Track Records
Who owns the world's biggest trading houses, where they started, and what their sanctions and investigation records show — the ten firms that defined commodity trading going into 2026.
- Commodity Trading
Alkagesta Agrees Energy Petrol Deal in Türkiye, Adding Its First Vessels
The energy trader says its agreement to acquire the Turkish marine-fuel distributor includes eight vessels and expands its direct supply capabilities. Financial terms were not disclosed.