Erik Frydendal, chief executive at Hunter Group, has the confidence of a man who has backed a winner when he meets with TradeWinds to explain why he feels the company’s investment in seven VLCCs is going to pay big dividends to shareholders.
The business case that he lays out for the Arne Fredly-backed shipowner is a play on tonnage supply and demand, market dynamics, and an expectation that its scrubber-fitted tankers will have a huge competitive advantage once the IMO’s 2020 regulations on the sulphur content of marine fuel kick in.
