Trafigura launches Volare tanker unit for Oslo IPO
Trading house Trafigura has launched Volare Shipping to own and operate fourteen supertankers. The firm plans a private placement to raise five hundred million dollars ahead of an Oslo listing next month.
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Trafigura launched Volare Shipping on Monday morning, planning a private placement to raise $500 million ahead of an Oslo listing next month. The new venture will own and operate 14 supertankers to capture surging freight rates. Supply disruptions tied to the conflict in Ukraine and tensions involving Iran have driven tanker rates to record highs.
