Norway's Hunter Group has fixed three of its VLCCs on period charters to "de-risk" earnings later in the year, despite booming spot markets.
The Arne Fredly-backed company has secured rates of $80,000 per day over six months for the 300,000-dwt Hunter Atla, Hunter Laga and Hunter Freya (all built 2019).
This will "significantly de-risk" second and third quarter cash flow, the company said.
