Volare Shipping Ltd
OOSL:VLCC154.00
NOK
0.00
(0.00%)
ISIN
SGXZ33616145
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
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81.12
5Y
- -
68.34
Capital Structure
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- Sector
- Transportation
- Industry
- Marine shipping
- Address
- Singapore Singapore
- IPO Date
- Oct 5, 2026
- Website
- volareshipping.com
- Similar Companies
- Business
- Volare Shipping Ltd. is a Singapore-based international shipping company engaged in the ownership, operation, and commercial chartering of large crude oil tankers. The company specializes in the global seaborne transportation of crude oil and related energy commodities across international maritime trade routes. Its operations encompass several core maritime services and asset categories, including: Very Large Crude Carrier (VLCC) vessel ownership and operation; spot market voyage chartering services for worldwide crude petroleum shipments; period time-charter and contract of affreightment (CoA) agreements; fleet commercial optimization services executed through integrated commodity trading and cargo distribution networks; and modern, eco-efficient maritime logistics solutions, comprising scrubber-fitted, dual-fuel, and ammonia-ready tanker operations. Volare Shipping primarily serves multinational oil corporations, national energy enterprises, global commodity trading firms, and independent petroleum refiners across major crude loading and discharge corridors spanning the Middle East, the Americas, West Africa, Europe, and Asia-Pacific. Founded in 2026, Volare Shipping Ltd. is headquartered in Singapore and operates as a publicly listed, majority-owned subsidiary of global commodity trading conglomerate Trafigura Group. The company's fleet is commercially managed through Trafigura's global shipping and wet freight desk, providing direct access to worldwide cargo flows and operational scale. In October 2026, the company successfully executed an initial private placement raising gross proceeds of approximately NOK 4.7 billion (USD 500 million) to fund remaining capital expenditures on newbuild tonnage, optimize lease-related liabilities, and support general corporate growth, subsequently listing its shares on the Euronext Growth Oslo exchange under the ticker symbol VLCC. As part of its formation and long-term fleet modernizing strategy, Volare Shipping commenced operations with an initial active fleet of six modern VLCCs and secured an order book for eight advanced, dual-fuel, ammonia-ready VLCC newbuilds under construction at Jiangsu New Hantong Ship Heavy Industry, with deliveries scheduled through October 2028 to expand the company's total operational fleet to 14 vessels.