Hunter Group has hashed out a $220m deal to pay off its four VLCC newbuilds.
The Arne Fredly-backed, Oslo-traded company announced Thursday that its subsidiary, Hunter Tankers, entered into a loan agreement with Danske Bank, DNB, Nordea and SEB.
In addition to paying the final instalment for the four new ships — currently under construction at Daewoo Shipbuilding & Marine Engineering in South Korea — the funds will be used for general corporate purposes.
