Hunter confirms VLCC sales

Hunter Group has confirmed earlier broker reports that it has sold two VLCCs – the Hunter Saga and Hunter Laga for an en bloc price of $168.4m.

Splash reported earlier that UAE-based Adnoc Logistics and Services, the shipping unit of Abu Dhabi National Oil Company, had acquired the two ships, marking its entry into the VLCC tanker segment.

Following the sale, VLCC pureplay owner Hunter Group will be left with five vessels.

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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