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Hunter Group ASA – Market Update

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18 March 2020

 

Hunter Tankers AS (the "Company"), a wholly owned subsidiary of Hunter Group ASA, is pleased to announce that Hunter Atla, Hunter Laga and Hunter Freya each has entered into a six-month time charter agreement (“TC”) on an average dayrate of approx. USD 80,000 per day, significantly de-risking second and third quarter cash flow. The TCs will commence immediately following completion of current spot voyages.

 

Hunter Saga will remain in the spot market through the Tankers International Scrubber Pool, where she will be joined by Hunter Disen in May/June, Hunter Idun in June/July and Hunter Frigg in July/August.

 

Contact:

 

Erik A.S. Frydendal, CEO, ef@huntergroup.no, Ph.: +47 957 72 947

 

Lars M. Brynildsrud, CFO, lb@huntergroup.no, Ph.: +47 932 60 882

 

This information is subject to disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act.

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