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Hunter Group VLCC charter dispute grows to nearly $68m
Hunter Group’s dispute with an unnamed long-term VLCC charter counterparty has deepened, with unpaid hire approaching $68m after a September payment shortfall.
Norwegian shipping investment company Hunter Group has reported a further shortfall in payments from an unnamed long-term VLCC charter counterparty. The counterparty paid approximately $12.75m less than the amount due for September, according to the company.
The unpaid hire is now approaching $68m. The September shortfall marked the seventh consecutive month of reduced payments in the dispute, Hunter Group disclosed on Friday.
The counterparty was not named in the supplied material.
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