Volare jumped on its first day of trading in Oslo on Monday after the spin-off arm of Trafigura became the latest in a spree of tanker listings in the Norwegian capital
Ye & JAY-Z’s legendary unreleased track “Living So Italian” has surfaced online 🤯🇮🇹
The 'Watch The Throne' era track had long been seen as one of the biggest unreleased “grails” in music and was widely believed to be almost impossible to obtain, partly because of how tightly locked down the ‘Watch the Throne’ sessions were.
It samples Andrea Bocelli’s “Por Ti Volaré” (Spanish version of “Con te partirò”), and for years, only fragments of the track had made their way online.
OIL TANKER RATES HIT RECORD $1 MILLION A DAY AS HORMUZ TRAFFIC COLLAPSES
The cost of chartering a VLCC from the Persian Gulf to China has surged to roughly $1.035M per day, up nearly 5x from around $208K before the Iran war.
Only 17 commodity vessels crossed the Strait of Hormuz over the weekend, down from 37 a week earlier and versus roughly 125 large commercial vessels per day before the war.
The shortage of ships willing to enter the Gulf has created a major earnings tailwind for spot-exposed tanker operators including $FRO, $INSW and $DHT.
The rate spike has become so extreme that Trafigura is launching its own VLCC company, Volare Shipping, with six tankers already operating and eight more on order ahead of an Oslo listing.
Volara Management’s Janelle Lopez Genzink shouts out her entire team, her family, and, of course, Sabrina Carpenter, as she accepts the Executive of the Year award at Billboard Power 100.