Trafigura rolls out VLCC venture Volare Shipping with Oslo IPO

Commodity trading giant Trafigura is opening its growing VLCC fleet to outside investors, launching a $500m private placement ahead of a planned Oslo listing of newly created Volare Shipping. Singapore-incorporated Volare will start with six VLCCs on the water and another eight newbuildings due through 2028, giving the company a 14-ship fleet once the programme … Read full article →