Hunter Adds VLCC Newbuild

Maritime Activity Reports, Inc.

October 22, 2019

Image: Hunter Group

Image: Hunter Group

Hunter Tankers, a wholly owned subsidiary of the Norwegian investment company Hunter Group, has taken delivery of the second of seven identical ECO design VLCC newbuildings, the Hunter Saga.

The vessel was handed over from Daewoo Shipbuilding & Marine Engineering (DSME) on October 19.

One additional VLCC is scheduled for delivery in 2019, while the remaining four vessels will delivered between March and July 2020.

All seven of the Company’s VLCCs are built to the highest standards and will be fitted with scrubbers.

With reference to the sale-and-leaseback transaction announced on 6 September 2019, Hunter Saga was today, simultaneously with acceptance from DSME, delivered to and immediately bareboat chartered back from Ship Finance International Limited. The bareboat rate for Hunter Saga for the first 6 months is $11,500 per day.

Hunter Saga will join Hunter Atla in the Tankers International Scrubber Pool, and will commence trading in the spot market.

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