# Trafigura launch and listing of Volare Shipping

> Live situation record from CLSTR: https://clstr.news/situations/trafigura-launch-and-listing-of-volare-shipping
> Updated: 2026-10-06T07:32:35.000Z. Sources: 10. Developments: 2.

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.

## Timeline

### 2026-10-06: 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.

3 sources. https://clstr.news/cluster/volare-shipping-debuts-on-oslo-exchange-after-500-million-capital-raise

### 2026-09-21: 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.

9 sources. https://clstr.news/cluster/trafigura-to-list-tanker-subsidiary-volare-shipping-in-oslo

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Cite as: Trafigura launch and listing of Volare Shipping. CLSTR, https://clstr.news/situations/trafigura-launch-and-listing-of-volare-shipping