Hunter Group goes on VLCC feeding frenzy

Hunter Group goes on VLCC feeding frenzy

Arne Fredly’s new VLCC vehicle, Oslo-listed Hunter Group, has pressed forward in a big way with its VLCC fleet growth plans.

The company has secured refund guarantees for four VLCC newbuilds ordered at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) last month, and has pushed ahead with first instalments on the ships.

In addition, Hunter has declared options on three further VLCCs priced at $82.8m each, with an additional investment of $2.7m each for scrubbers. Deliveries are scheduled for May, June and August 2020.

The company has also secured options on a further three VLCCs, each pricesd at $92m including scrubbers and scheduled for delivery in the first half of 2021. The options are available through to mid-August 2018.

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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