Norway's Hunter Group is looking forward to lower costs after it took back ownership of two VLCCs it sold to John Fredriksen's SFL Corp in September last year.

The 300,000-dwt Hunter Atla and Hunter Saga (built 2019) were delivered on Tuesday for a combined purchase price of $117.8m following the declaration of its buyback option.

At the same time it has drawn down $100.4m