# PDF

- Press release: Volare Shipping Ltd.: First Day of Trading on Euronext Growth Oslo and Publication of Information Document (2026-10-05)
- Original: https://mb.cision.com/Public/24324/4404303/ad59eaca69c8f1aa.pdf

**TL;DR —** Volare Shipping Ltd. is listing on Euronext Growth Oslo, offering investors exposure to a fleet of 14 VLCCs, with 8 newbuilds delivering by October 2028, but faces significant financing risks and reliance on its majority shareholder, Trafigura.

## Takeaways
- Volare Shipping will list on Euronext Growth Oslo on or about October 5, 2026, under the ticker "VLCC."
- The company's issued share capital is USD 691,213,794.43759, comprising 70,319,479 shares.
- Volare has remaining contracted capital expenditure for newbuildings of approximately USD 731 million, with a portion due within 12 months of listing.
- The fleet will consist of 14 VLCCs: 6 currently on water and 8 newbuilds scheduled for delivery between May 2027 and October 2028.
- The company is currently reliant on funding from the Trafigura group, including an intercompany loan, and needs additional financing to meet upcoming obligations.
- Trafigura Volare Holdings B.V. (a TML subsidiary) holds approximately 56.3% of the shares, giving it significant control and potential for conflicts of interest.

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