{
  "id": 8920295,
  "title": "Trafigura Launches Volare Shipping to Cash In on Record Tanker Rates",
  "url": "https://urgent.news/2026/09/21/trafigura-launches-volare-shipping-to-cash-in-on-record-tanker-rates",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-21T12:30:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/Trafigura-Launches-Volare-Shipping-to-Cash-In-on-Record-Tanker-Rates.html"
  },
  "original_language": "en",
  "account": "Trafigura, a major oil trader, is creating a new company, Volare Shipping Ltd, to focus on its supertanker operations. The London-based company will own, manage, and grow a fleet of modern oil tankers. Currently, Volare Shipping operates six very large crude carriers (VLCCs) and has eight more on order, set to arrive between 2026 and 2028. The company is also considering a private placement to raise around $500 million and eventually list its shares on the Euronext Growth Oslo stock exchange. Upon listing, Trafigura will become the majority owner of Volare Shipping. Andrea Olivi, the Global Head of Shipping at Trafigura, stated that a dedicated, listed company enables investors to directly benefit from the sector. The tanker market's surge in freight rates, driven by supply constraints and geopolitical tensions, presents an attractive opportunity for Volare Shipping. With its proven operational expertise, the new venture aims to deliver substantial long-term value for all shareholders.",
  "summary": "One of the world’s biggest oil traders, Trafigura, is spinning off its supertanker business in a new company. Trafigura on Monday said it had established a new, dedicated group company, Volare Shipping Ltd, to own, operate, and scale a modern fleet of oil tankers. The fleet will be commercially managed by Trafigura’s global shipping business. Volare Shipping currently operates six very large…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}