Trafigura on Monday (21 September) announced 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. In connection with the company’s launch, Volare Shipping has disclosed a contemplated Private Placement to raise approximately USD 500 million and a subsequent proposed listing of the company’s shares on Euronext Growth Oslo. Following the proposed listing, Trafigura will be the majority-owner of Volare Shipping. Subject to, among other things, Euronext Oslo Børs’ approval of the company’s listing application, and a successful completion of the Private Placement, the company’s shares are expected to commence trading on Euronext Growth Oslo on or about 5 October 2026, under the ticker “VLCC”. Trafigura currently manages approximately 500 vessels across multiple segments, including around 250 oil tankers. Volare Shipping currently operates six VLCCs and has eight newbuild vessels on order, delivering progressively between 2026 and 2028. Andrea Olivi, Global Head of Shipping at Trafigura and Chair of the Board of Directors of Volare Shipping , said: “Trafigura’s growing footprint in the VLCC segment has revealed a clear opportunity to invest further in modern tonnage, alongside outside investors. Long-term fundamentals in crude oil transportation remain supportive, and a dedicated, listed company gives Volare Shipping investors direct exposure to the sector. “Oslo is home to one of the world’s leading stock exchanges for shipping companies. Access to this market will provide Volare Shipping with a strong platform for growth, and we look forward to scaling this new platform alongside other shareholders.” Alexandre Duff, Chief Executive Officer of Volare Shipping , said: “Vo