Norway’s Hunter Group has increased spot exposure for its fleet of VLCCs as it prepares for a tanker recovery.
“We have been in the doldrums much longer than we anticipated, but it is not difficult to find positive signs,” the Oslo-listed shipowner said.
The company expects oil demand approaching all-time highs to boost tonne-miles for Asian imports.
“On this basis, we believe that the path of least resistance for the tanker market should be up,” Hunter added.
