Volare Shipping, a tanker owner backed by the Swiss commodities trading firm Trafigura, has announced an agreement to acquire a newbuild Very Large Crude Carrier (VLCC) from an affiliate of its indirect controlling shareholder, Trafigura Maritime Logistics. The transaction is scheduled to be completed this month.
The purchase price is $210 million. For comparison, COSCO Shipping Development recently placed an order for 16 VLCCs with Dalian Shipbuilding Industry Corporation (DSIC).
The vessel, named “Veni Vidi Vici,” is equipped with a scrubber system. It is currently under construction at Hengli Heavy Industries and is scheduled for delivery on November 20, 2026.
Following the completion of this acquisition, Volare Shipping’s operational fleet of VLCCs will grow to seven vessels, with an additional eight newbuilds scheduled for delivery by 2028.
Volare Shipping is registered in Singapore and was established by Trafigura in September 2026, subsequently raising $500 million through a private placement in Oslo.
At its inception, Volare Shipping entered the market with six existing VLCCs and eight VLCC newbuilds, with Trafigura retaining a majority stake and commercial management control. Just weeks after its listing in Oslo, the company added another newbuild to its expanding VLCC fleet.
With this latest acquisition, Volare Shipping’s fleet is set to reach 15 vessels. Through a continuous strategy of newbuild orders and acquisitions, Trafigura is increasingly strengthening its position in the crude oil tanker market.