Arne Fredly has boosted his holding in VLCC specialist Hunter Group with the purchase of shares worth around $1m.

Fredly’s Apollo Asset snapped up 2,680,796 shares in the Oslo-quoted shipowner at NOK 3.20 ($0.37) each today.

Following the latest move on the stock, Apollo boasts 102,804,032 shares in Hunter, a 26.71%