Hunter Group ASA – Market Update

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.

Hunter Group ASA is a publicly traded investment company listed on the Oslo Axess. Hunter Group currently has 8 high spec VLCC's with scrubbers under construction at DSME in Korea.

Hunter Group ASA - press release