- Trafigura will list Volare Shipping, its supertanker arm, on the Oslo exchange.
- The listing is the first IPO of a business by the commodities trading group.
- The float comes as a Gulf crisis drives tanker rates to record highs, lifting the earnings backdrop for the shipping unit.
Quotes
“Commodities trader to take Volare Shipping public in Oslo as Gulf crisis drives tanker rates to record highs”