The company Trafigura will carry out the stock market launch of its division Volare Shipping in Oslo, seeking to raise 500 million dollars. This move comes amid a rise in historic rates in the sector due to the crisis in the Persian Gulf.
Trafigura has announced its intention to publicly list its supertanker division Volare Shipping, aiming to take advantage of the record prices currently seen in the market due to the crisis in the Persian Gulf. According to expansion.com, the company plans to raise approximately 500 million dollars (around 435 million euros) through a private placement before its debut on the Oslo Stock Exchange, scheduled for early October.
The funds raised will be used for the expansion of Volare's supertanker fleet. Currently, the fleet consists of six supertankers in operation and another eight on order. This fleet will be managed by Trafigura, which is recognized as the second largest oil operator globally and already manages nearly 500 vessels.
Trafigura's maritime transport director, Andrea Olivi, highlighted that although the stock market launch had been planned for some time, recent changes in the market have facilitated a
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