EuropeTankers

Arne Fredly makes VLCC play

Photo of Sam Chambers Sam ChambersApril 11, 2018
14 Less than a minute

Norwegian investor Arne Fredly, via his own company Apollo Asset, is in the process of re-branding failed Oslo listed oil service company Hunter Group, formerly Badger Explorer, into a VLCC pure-play, infusing four VLCC newbuilds plus three optional berths at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).

The newbuilds range in price from $82.5m to $85.5m with deliveries from 2019 into 2020.

A private placement is planned to add investors to this new tanker play.

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Photo of Sam Chambers Sam ChambersApril 11, 2018
14 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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