Arne Fredly adds management layer to Hunter Group

Arne Fredly adds management layer to Hunter Group

Norwegian investor Arne Fredly has set about adding a layer of management to his new VLCC vehicle.

Last month, Fredly, via his own company Apollo Asset, rebranded 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.

Now Erik Frydendal, formerly with Fearnley Securities, has been appointed CEO and CFO at Hunter Group. Frydendal is also a significant shareholder in the tanker player, with 150,000 shares to his name.

The group has also appointed Sujoy Seal as COO. Seal, who has helped supervise many newbuilds during his 30-year shipping career, will be responsible for the project management and oversee the construction of Hunter’s vessels, including the recruitment of an in-house site team to follow up the building programme at DSME.

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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