Oslo, 11 September 2019
Hunter Tankers AS (the «Company»), a wholly owned subsidiary of Hunter Group
ASA, is pleased to announce that it, after careful consideration, has selected
Tankers International Ltd as commercial manager for its fleet of VLCCs. Tankers
International Ltd. («TI») will establish the world's first scrubber-fitted VLCC
pool (the «Scrubber Pool»). In addition to the Hunter vessels the pool will
consist of vessels from Hartree Maritime Partners Ltd., International Seaways
Inc., Oak Maritime (HK) Inc., and Ridgebury Tankers.
The Scrubber Pool will consist exclusively of modern scrubber-fitted VLCCs
operated and maintained to the highest standards and will, combined with TI's
existing VLCC pools, represent the largest VLCC fleet in the world with more
than 70 VLCCs on a fully delivered basis. The creation of the Scrubber Pool
will maximize the Company's earnings potential through access to a large scale
operation with a strong independent management team, while simultaneously
retaining 100% of expected scrubber fuel savings.
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.