Trafigura plans to list its new tanker subsidiary, Volare Shipping, on the Euronext Growth Oslo exchange, seeking $500 million to fund a fleet expansion amid record-high freight rates.
Trafigura is spinning off its tanker business into a new listed company, Volare Shipping, with a planned private placement and listing on Euronext Growth Oslo.
Commodity giant Trafigura is spinning off its tanker division into a new entity, Volare Shipping, aiming to raise $500 million via a private placement. The company plans to list on the Euronext Growth Oslo exchange by October 2026, leveraging a fleet of six existing VLCCs and eight newbuilds to capitalize on strong crude oil transportation fundamentals.
Trafigura aims to provide investors with direct exposure to the crude oil transportation sector, citing supportive long-term fundamentals and the strategic advantage of Oslo as a hub for shipping equities.