Norwegian VLCC owner Hunter Group has posted a third-quarter loss after cancelling bank financing, but does not need any new equity to fund its remaining newbuildings.
The Arne Fredly-backed company said the net deficit to 30 September was $1.58m, against profit of $0.63m a year ago.
The reduction was mainly due to costs related to the cancelled $420m bank financing and exchange rate fluctuations, it added.
