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