On 22 July, the Trafigura Group has successfully acquired Gearbulk Holding AG’s 50 percent share in the joint venture company High Heat Tankers Pte Ltd (HHT) for an undisclosed amount. Additionally, the Group has committed to commissioning a new 17,500 dwt IMO II specialized high heat tanker, slated for delivery in the third quarter of 2026 from Chengxi Shipyard, China. This strategic acquisition and expansion are poised to significantly enhance HHT’s service capabilities.

The forthcoming vessel will be equipped with a high-efficiency heating system, specifically designed to transport products in liquid form at elevated temperatures. The design incorporates strongly insulated and fully segregated ‘floating’ cargo tanks, allowing for thermal expansion without contact with the hull’s inner side. This innovative design, combined with thick insulation of the cargo tanks, will considerably reduce the energy required for heating.High Heat Tankers Pte Ltd was established in 2018 as a joint venture between Gearbulk and Trafigura Group’s Puma Energy Supply and Trading Pte. Ltd.

The venture provides access to the world’s largest fleet of modern IMO II high heat tankers. Presently, the HHT pool consists of 14 high-quality tankers, ranging from 15,000 to 37,000 dwt, capable of transporting liquid pitch and other high-temperature products such as bitumen. This strategic acquisition and fleet expansion underscore Trafigura Group’s commitment to enhancing its capabilities in the specialized transport of high-heat products, further solidifying its position in the global maritime industry.

https://splash247.com/trafigura-signs-for-more-vlcc-newbuilds/

Trafigura, the global commodities trader, has once again turned to China for additional very large crude carrier (VLCC) newbuilds. According to multiple brokers, Trafigura has placed an order for three more 319,000 dwt VLCCs with Jiangsu New Hantong Ship Heavy Industry. The financial details of this latest series of orders have not been disclosed. These new vessels will be equipped with scrubbers and will be ammonia-ready, indicating a focus on environmental compliance and future fuel adaptability.

Earlier this year, Trafigura made its debut VLCC order at the same shipyard, securing two ships in response to a market shortage of modern supertanker tonnage. This shortage has resulted in only a limited number of units being scheduled for delivery this year and next. The initial newbuilds from this order are anticipated to join Trafigura's fleet in July and September of 2026. The latest trio of VLCCs ordered is expected to be delivered in 2027, further enhancing Trafigura’s fleet capabilities. This move underscores Trafigura's strategic response to market dynamics and its commitment to expanding its shipping capacity with state-of-the-art vessels.