Trafigura launches Volare Shipping

AI Summary

Trafigura has launched Volare Shipping Ltd., a new company owning and operating a modern fleet of oil tankers including very large crude carriers and newbuilds. The fleet will be commercially managed by Trafigura’s global shipping business, emphasizing expansion in tanker operations.

Trafigura yesterday announces it has established a new, dedicated group company, Volare Shipping Ltd., to own, operate and scale a modern fleet of oil tankers. Volare Shipping’s fleet, initially comprised of six Very Large Crude Carriers (“VLCCs”) on the water and eight newbuild vessels on order, will be commercially managed by Trafigura’s global shipping business. ...