The slow summer has pushed Hunter Group’s bottom line into the red.
The Morten Astrup and Arne Fredly-backed company said on Tuesday that its two chartered-in VLCCs were chartered out at an average of $32,015 per day in June.
The company is paying $51,750 per day for each of the ships, pushing the margin to -$19,735 per day and working out to a net result of -$1.2m.
