Volare Shipping Ltd. lists on Euronext Growth

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  • NOK 4.7 billion raised 
  • Market capitalisation of NOK 11.9 billion
  • 68th listing on Euronext in 2026 and the 17th international listing YTD
  • Volare’s listing reflects Euronext’s role in supporting the financing needs of the shipping industry

Oslo – 5 October 2026 – Euronext today congratulates Volare Shipping (ticker code: VLCC), a new shipping company established to own, operate and scale a fleet of modern oil tankers, on its listing on Euronext Growth Oslo Børs. This is the 68th admission on Euronext in 2026. 

Volare Shipping is a Singapore-incorporated shipping company established and majority-owned by Trafigura, one of the world’s largest commodity trading and shipping groups. The company owns a modern fleet of Very Large Crude Carriers (VLCCs), comprising six vessels currently in operation and eight newbuild vessels on order for delivery progressively through to 2028. The fleet is commercially managed by Trafigura’s global shipping business.

The listing follows a private placement in which Volare Shipping raised gross proceeds of approximately USD 500 million, equivalent to NOK 4.73 billion, 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.

A total of 70,319,479 shares were admitted to trading. At market opening, the share price was NOK 169 per share, giving Volare Shipping a market capitalisation of approximately NOK 11.884 billion on its first day of trading.

Alexandre Duff, CEO of Volare Shipping, said: “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.”

Alexandre Duff, CEO, and Andrea Olivi, Chairman of the Board of Volare Shipping, rang the bell this morning together with colleagues to celebrate the listing of the company on Euronext Growth Oslo. The company was welcomed by Øivind Amundsen, CEO of Euronext Oslo Børs (Photo: Ketil Blom | NTB Kommunikasjon)

Caption: Alexandre Duff, CEO, and Andrea Olivi, Chairman of the Board of Volare Shipping, rang the bell this morning together with colleagues to celebrate the listing of the company on Euronext Growth Oslo. The company was welcomed by Øivind Amundsen, CEO of Euronext Oslo Børs (Photo: Ketil Blom | NTB Kommunikasjon)  

 

About Volare Shipping Ltd. 

Volare Shipping Ltd. (Euronext Growth Oslo: VLCC) is an international shipping company, incorporated in Singapore. Volare Shipping currently operates six VLCCs and has eight newbuild VLCCs 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 fleet is commercially managed by Trafigura, led by an experienced management team with decades of experience across shipping, commodities and financial markets. This relationship provides Volare Shipping with an industry-leading chartering platform, significant commercial scale and cargo optionality.

 

CONTACTS  

MEDIA – mediateam@euronext.com 
Norway Cathrine Lorvik Segerlund +47 41 69 59 10 
     
Download press release - Volare Shipping

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About Euronext 
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