Arne Fredly extends $15m credit line to Hunter Group

Arne Fredly extends $15m credit line to Hunter Group

Arne Fredly’s Oslo-listed pure-play VLCC company Hunter Group, via subsidiary Hunter Tankers, has entered into a $15m revolving credit facility with Apollo Asset, a company owned by Fredly.

The facility has been used to help the company cancel the outstanding amount of $3m on an existing revolving credit facility.

Hunter says the facility will be used for its working capital requirements as well as general corporate purposes.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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