INTERVIEW: Trafigura expands owned VLCC fleet for less exposure to time charters

Trafigura is set to operate more VLCCs under its ownership in bids to meet growing transport demand while reducing exposure to period charter markets, where rates could stay elevated amid consolidation and evolving geopolitics, according to the trading house’s top shipping executive. Andrea Olivi, global head of shipping at Trafigura, told Platts, part of S&P Global Energy, that owning a certainTrafigura is set to operate more VLCCs under its ownership in bids to meet growing transport demand while reducing exposure to period charter markets, where rates could stay elevated amid consolidation and evolving geopolitics, according to the trading house’s top shipping executive. Andrea Olivi, global head of shipping at Trafigura, told Platts, part of S&P Global Energy, that owning a certainRead More