{
  "id": 9006117,
  "title": "Trafigura launches Volare Shipping",
  "url": "https://urgent.news/2026/09/21/trafigura-launches-volare-shipping",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-21T21:00:53.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/trafigura-launches-volare-shipping/"
  },
  "original_language": "en",
  "account": "Trafigura, a global shipping leader, has launched Volare Shipping Ltd., a new company dedicated to owning, operating and expanding a fleet of modern oil tankers. This venture will initially consist of six Very Large Crude Carriers (VLCCs) already at sea and eight newbuild vessels on order. Trafigura's shipping arm will handle the commercial management of Volare Shipping. The company plans to raise around USD500 million through a private placement and seeks to list its shares on Euronext Growth Oslo. Upon listing, scheduled for approximately 5 October 2026 under the ticker \"VLCC\", Trafigura will hold the majority stake in Volare Shipping. Upon completion of the private placement, Volare Shipping is expected to commence trading on Euronext Growth Oslo. The company aims to benefit from the capital markets to fuel its growth and expansion. Currently, Trafigura operates a fleet of approximately 250 oil tankers across various segments. Volare Shipping’s fleet will initially include six VLCCs, with eight newbuild vessels joining the fleet between 2026 and 2028. Andrea Olivi, Global Head of Shipping at Trafigura and Volare Shipping's Board Chair, highlighted the strategic opportunity to invest in modern tonnage along with outside investors. The planned listing in Oslo, a leading stock exchange for shipping companies, will provide Volare Shipping with a robust platform for growth. Alexandre Duff, Volare Shipping's CEO, added that the new fleet, along with Trafigura’s global trading, chartering and analytics platform, will give Volare Shipping access to a wide range of cargo types. All newbuild vessels meet stringent environmental and regulatory standards and feature ammonia-ready dual-fuel capability. Once fully delivered in October 2028, Volare Shipping's fleet will be among the youngest and most technologically advanced in the listed VLCC sector.",
  "summary": "Trafigura yesterday announces it has established a new, dedicated group company, Volare Shipping Ltd., to own, operate and scale a modern fleet of oil tankers. Volare Shipping’s fleet, initially comprised of six Very Large Crude Carriers (“VLCCs”) on the water and eight newbuild vessels on order, will be commercially managed by Trafigura’s global shipping business. ...",
  "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."
}