Oslo-listed Hunter Group is gearing up for new shipping investments by seeking shareholder permission to raise up to NOK 1.52bn ($184m).

A shareholder meeting on 3 June is expected to rubber-stamp plans to arrange a new convertible loan of NOK 1.2bn and a share capital increase of NOK 324m.

Hunter backer Arne Fredly said earlier this year the company is considering diversifying from VLCCs after selling three of its seven modern vessels.