Hunter Group buys back VLCC from SFL

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.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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