Volare Shipping completes listing on Euronext Growth Oslo
Andrea Olivi, Global Head of Shipping at Trafigura and Chair of the Board of Directors of Volare Shipping, rings the opening bell to mark the start of trading on Euronext Growth Oslo.
Oslo, 5 October 2026 – Volare Shipping Ltd. ("Volare Shipping" or the "Company"), the Trafigura Group company established to own, operate and scale a modern fleet of oil tankers, today commenced trading on Euronext Growth Oslo under the ticker "VLCC".
The listing follows a successful private placement in which Volare Shipping raised gross proceeds of approximately USD 500 million, through the issuance of 30.7 million new shares at a price of NOK 154 per share. The private placement was significantly oversubscribed and attracted a diversified investor base, including institutional investors, family offices and shipping industry participants.
The Company's fleet, comprising six Very Large Crude Carriers ("VLCCs") on the water and eight newbuild vessels on order, is commercially managed by Trafigura's global shipping business.
To mark the occasion, Volare Shipping's management team today rang the opening bell at Euronext Growth Oslo.
Alexandre Duff, Chief Executive Officer of Volare Shipping, commented: "Today is a significant milestone for Volare, as we begin our journey as a listed company on Euronext Growth Oslo. We are proud of the strong support shown by a diversified base of investors through our IPO, reflecting confidence in Volare's strategy and growth potential. Oslo is one of the world's leading capital markets for shipping, offering deep sector expertise and an efficient listing environment for companies like ours. We are grateful to welcome our new shareholders and look forward to building long-term value together as we execute on our strategy.”
Andrea Olivi, Global Head of Shipping at Trafigura and Chair of the Board of Directors of Volare Shipping, commented: "Today's listing is an important step for Volare Shipping, building on the strong investor demand we saw through the private placement. Oslo's deep sector expertise and efficient listing environment give Volare Shipping an excellent platform to grow alongside our shareholders, and we look forward to scaling this business over the years ahead."
ENDS
Notes to editors:
For more information, please see the Company’s announcement ‘First Day of Trading on Euronext Growth Oslo and Publication of Information Document’.
For further information please contact:
Trafigura’s Press Office: +41 (0) 22 592 4528 or media@trafigura.com
About Trafigura
Trafigura provides critical resources to the world. Founded over 30 years ago and owned by its employees, the Group is at the heart of global supply, using its deep understanding of commodity markets to make supply chains more efficient, secure and sustainable.
Working across a global network, the Group deploys infrastructure, logistics, financing and market expertise to move energy and commodities from where they are produced to where they are needed. By connecting producers and consumers, we bring resilience and trust to complex supply chains. The business supplies the energy and commodities the world needs today, including oil and petroleum products, metals and minerals, gas and power, while investing in lower-carbon solutions for the future.
The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, fuel supplier and distributor Greenergy, and the Impala Terminals joint venture. The Group employs approximately 14,500 people, of which more than 1,400 are shareholders, and operates in over 150 countries.
Visit: www.trafigura.com
About Volare Shipping
Volare Shipping Ltd. is an international shipping company, incorporated in Singapore. Established and majority-owned by Trafigura, one of the world's largest commodity trading and shipping groups, Volare Shipping owns a modern, high-specification fleet of Very Large Crude Carriers (VLCCs) under Trafigura's commercial management.
Volare Shipping currently operates six VLCCs and has eight newbuild vessels on order, delivering progressively through to 2028. At an average age of approximately three years on full delivery, Volare Shipping's fleet ranks among the youngest and most technically advanced in the listed VLCC sector. The newbuild vessels are larger than standard tankers and can carry greater cargo volumes. They are also fitted with additional internal tank coating and heating systems, enabling them to transport a wider range of cargo types. All vessels comply with leading international environmental and regulatory standards and have ammonia-ready dual-fuel capability.
Visit: www.volareshipping.com
IMPORTANT NOTICE
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.
These materials are not and do not form a part of any offer of securities for sale, or a solicitation of an offer to purchase, any securities of the Company in the United States or any other jurisdiction. Copies of these materials are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures.