Arne Fredly’s Oslo-listed pure-play VLCC company Hunter Group has declared its call option for 2019-built VLCC Hunter Laga under the sale and leaseback agreement with John Fredriksen’s SFL Corporation.
The repurchase of Hunter Laga will be financed by a $157.5m loan facility as well as available cash on hand.
In the meantime, the company’s VLCC Hunter Disen has been fixed on a five- to seven-month time charter at $38,000 per day. The charter will commence in early November following the expiration of the current charter contract.
According to Hunter Group, 70% of the company’s fleet days in the second half of this year are now booked at an average dayrate of $63,000.