Arne Fredly’s Hunter Group is set to pocket the largest price for a VLCC resale in half a decade as the sector newcomer closes in on the first fruits of its asset play project.
It comes with tanker asset prices accelerating as momentum and expectation grow ahead of the arrival of IMO 2020 rules.
Fredly made his first direct shipowning play by contracting VLCC newbuildings at DSME in 2017 at trough prices and moved the ships into Oslo-listed Hunter in early 2018.
