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Trafigura Launches Volare Shipping to Cash In on Record Tanker Rates
One of the world’s biggest oil traders, Trafigura, is spinning off its supertanker business in a new company.
AI Summary
Trafigura, one of the world’s largest oil traders, announced the spin‑off of its supertanker operations into a new entity called Volare Shipping Ltd. The company will own, operate and expand a modern fleet of oil tankers, while commercial management of the fleet remains with Trafigura’s global shipping business. The move aims to separate the tanker segment into a dedicated group company, positioning it to benefit from current high tanker rates.
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