Trafigura Launches Volare Shipping to Run 14-Strong VLCC Fleet
9 Articles
9 Articles
The conflict over the Strait of Hormus drives the cost of transporting oil at a record level. Trafigura uses this for the first IPO of one of its business areas.
Trafigura Launches Volare Shipping to Run 14-Strong VLCC Fleet
Trafigura has established Volare Shipping as a dedicated oil tanker owner with six Very Large Crude Carriers (VLCCs) operating and eight newbuilds on order, and plans to raise about $500 million before listing the company in Oslo.Volare's eight…
The raw material trader Trafigura founds with Volare Shipping a company for the possession and operation of a fleet of crude oil tankers. The company is to be listed on the stock exchange in Oslo.
VG
E24Volare Shipping will raise 4.7 billion kroner and sail to the Oslo Stock Exchange.
The goal is to list on the Norwegian stock exchange.
In the midst of a record-breaking tanker market, Trafigura is preparing for an IPO in Oslo with the newly established shipping company Volare Shipping.
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