The conflict over the Strait of Hormus drives the cost of transporting oil at a record level. Trafigura uses this for the first IPO of one of its business areas.
The raw material trader Trafigura founds with Volare Shipping a company for the possession and operation of a fleet of crude oil tankers. The company is to be listed on the stock exchange in Oslo.
In the midst of a record-breaking tanker market, Trafigura is preparing for an IPO in Oslo with the newly established shipping company Volare Shipping.