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.
Trafigura is opening its expanding crude tanker operations to outside investors through a newly established entity named Volare Shipping. The commodity trading house has initiated a $500 million private placement to support the vehicle ahead of a planned listing in Oslo.
Singapore-incorporated Volare Shipping will enter the market with an existing fleet of six very large crude carriers on the water. The move allows external capital to participate directly in the group's growing large tanker holdings.
The vehicle's capacity is set to expand significantly over the coming years, with eight additional newbuilds scheduled for delivery through 2028. Upon completion of the orderbook, Volare Shipping will control an overall fleet of 14 crude tankers.
Source attribution
This report was written by the Global Freight editorial desk based on material published by Splash 247. 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 rolls out VLCC venture Volare Shipping with Oslo IPOGlobal 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 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.
- Shipping & Ports
Crude Freight Rates Surge on US-to-Japan Route as Tanker Costs Rise
A planned crude voyage from the United States to Japan shows a steep rise in long-haul tanker transport expenses compared with average rates recorded last year.
- Market Intelligence
SIBCON Panels Focus on Scaling Ethanol Marine Fuel Ahead of Singapore Trial
Industry stakeholders gathered at SIBCON to discuss commercialising ethanol as a marine fuel ahead of Singapore's first planned bunkering trial.
- Market Intelligence
Clean Shipping Coalition Urges IMO Members to Uphold Net-Zero Framework
Environmental organisations have called on International Maritime Organization member states to maintain backing for the Net-Zero Framework ahead of key climate talks.
- Commodity Trading
Alkagesta Investigation: What the Public Record Shows
Online posts claim Alkagesta is under investigation by EU or UK authorities. A check of every court, regulator and enforcement body that would hold such a case finds no proceeding of any kind. Here is what was checked, when, and where anyone can verify it.
- Commodity Trading
Alkagesta charts growth and strategy at 2025 global town hall
The trading group used its annual gathering to set out priorities for the year ahead.