# Volare Shipping Ltd.: Business Update

- Source: mfn · Published: 2026-10-29 · Kind: other
- Original: https://mfn.se/cis/a/volare-shipping/volare-shipping-ltd-business-update-a8cfd01d

**TL;DR —** Volare Shipping reported strong pro forma TCE earnings for Q3 2026 and continued momentum into Q4, driven by its young VLCC fleet and commercial management by Trafigura.

## Takeaways
- Volare Shipping's fleet of six spot-operated VLCCs achieved estimated pro forma Time Charter Equivalent (TCE) earnings of **US$208,300/day** for Q3 2026, based on 479 operating days.
- For Q4 2026 to date, estimated TCE earnings for spot-operated VLCCs surged to **US$717,300/day**, with approximately 43% of operating days fixed.
- The six vessels delivered from Trafigura Maritime Logistics (TML) to Volare on October 5, 2026, will accrue TCE earnings to Volare from this IPO settlement date, with voyages in progress allocated pro rata.
- CEO Alexandre Duff attributed the strong performance to the quality of their young, modern fleet and the robust commercial platform provided by Trafigura Maritime Logistics.
- Volare has eight newbuild VLCCs on order, scheduled for delivery through 2027 and 2028, which are expected to further enhance fleet performance and shareholder value.

*Generated 2026-10-29 via google/gemini-2.5-flash*