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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 10 sources · 15 days · First seen about 1 month ago · Last updated 22 days ago

Trafigura launch and listing of Volare Shipping

Overview

Trafigura announced the creation of Volare Shipping, a new group company dedicated to owning and operating a fleet of Very Large Crude Carriers (VLCCs). The company initially planned to raise approximately $500 million through private placement to support a fleet consisting of six operational vessels and eight newbuild ammonia-ready vessels under construction in China.

Following the capital raise, Volare Shipping commenced trading on the Euronext Growth Oslo exchange under the ticker ‘VLCC’. The company was valued at $1.2 billion at the time of its debut, with Trafigura retaining a roughly 54% stake. The listing was intended to fund further vessel investments and acquisitions, leveraging Oslo’s concentration of shipping-specific expertise.

Entities

Euronext Growth Oslo · Volare Shipping Ltd. · Euronext Growth · Trafigura · Oslo

Timeline

22 days ago

[BUSINESS] 3 sources
Volare Shipping debuts on Oslo exchange after $500 million capital raise
Volare Shipping, a Trafigura Group spin-off, debuted on Euronext Growth Oslo after raising $500 million in a private placement to fund its fleet of crude oil tankers.
about 1 month ago

[BUSINESS] 9 sources
Trafigura launches Volare Shipping to operate VLCC tanker fleet
Trafigura is launching Volare Shipping, a new VLCC tanker company, aiming for a $500 million private placement and a listing on Euronext Growth Oslo to capitalize on high tanker freight rates.

Sources

bairdmaritime.com · cyprusshippingnews.com · europesays.com · finanznachrichten.de · gCaptain.com · marinelink.com · oilandgas360.com · portalportuario.cl · shippingherald.com · vg.no