Trafigura Launches Volare Shipping With $500 Million Oslo Listing Plan

AI Summary

Trafigura, a major commodity trading company, announced the formation of a new tanker business called Volare Shipping. They plan to raise approximately $500 million via a listing on the Oslo stock market to expand their VLCC tanker fleet.

Commodity trading giant Trafigura is launching a new tanker company with plans to raise about $500 million and list the business in Oslo, opening its growing VLCC fleet to outside...