{"id":6478,"date":"2020-03-19T09:46:25","date_gmt":"2020-03-19T06:46:25","guid":{"rendered":"https:\/\/www.al-sindbad.net\/hunter-tankers-secures-usd-80k-daily-charters-for-vlcc-trio\/6478\/"},"modified":"2020-03-19T09:46:25","modified_gmt":"2020-03-19T06:46:25","slug":"hunter-tankers-secures-usd-80k-daily-charters-for-vlcc-trio","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/hunter-tankers-secures-usd-80k-daily-charters-for-vlcc-trio\/6478\/","title":{"rendered":"Hunter Tankers Secures USD 80K Daily Charters for VLCC Trio"},"content":{"rendered":"<p><strong>Hunter Tankers AS, a wholly-owned subsidiary of Norwegian Hunter Group ASA, has entered into a six-month time charter agreement for three ships obtaining an average daily rate of approximately USD 80,000 per day.<\/strong><\/p>\n<p>The three ships include 2019-built ECO very large crude carriers Hunter Atla, Hunter Laga and 2020-built VLCC Hunter Freya.<\/p>\n<p><\/p>\n<p>The contract comes at a time when tanker owners are enjoying strong rates reaping the fruits <a href=\"https:\/\/worldmaritimenews.com\/archives\/292649\/vlcc-volatility-brings-record-usd-410k-fixture\/\" target=\"_blank\" rel=\"noopener noreferrer\">from VLCC rate volatility<\/a> as a result of the recent announcements on crude oil production boost from Saudi Arabia and Russia.<\/p>\n<p><\/p>\n<p>The strong tanker market has seen rates ranging from USD 65,000 to USD 100,000 for individual contracts, while certain VLCCs secured fixtures for up to <a href=\"https:\/\/worldmaritimenews.com\/archives\/292649\/vlcc-volatility-brings-record-usd-410k-fixture\/\" target=\"_blank\" rel=\"noopener noreferrer\">USD 410K per day<\/a>.<\/p>\n<p><\/p>\n<p>Hunter Tankers said that the deal significantly de-risks second and third quarter cash flow. The TCs will commence immediately following completion of current spot voyages.<\/p>\n<p><\/p>\n<p><em>\u201cHunter Saga will remain in the spot market through the Tankers International Scrubber Pool, where she will be joined by Hunter Disen in May\/June, Hunter Idun in June\/July and Hunter Frigg in July\/August,\u201d<\/em> the company added.<\/p>\n<p><\/p>\n<p>Hunter Tankers has four more identical VLCCs under construction at DSME, all to be outfitted with open-loop scrubbers from W\u00e4rtsila.<\/p>\n<p><\/p>\n<p>The extraordinarily strong tanker market is being used by Nordic American Tankers (NAT) to buy back its shares.<\/p>\n<p><\/p>\n<p><em>\u201cThe financial position of NAT is solid. NAT has an increasing cash flow. In view of the above main factors, the NAT Board has decided to establish a share buy-back program,\u201d<\/em> the company said.<\/p>\n<p><\/p>\n<p>The program shall be in place for the next 24 months as of March 19, 2020 and has a scope of up to 4.5 mill NAT shares.<\/p>\n<p>world maritime news<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hunter Tankers AS, a wholly-owned subsidiary of Norwegian Hunter Group ASA, has entered into a six-month time charter agreement for three ships obtaining an average daily rate of approximately USD 80,000 per day. The three ships include 2019-built ECO very large crude carriers Hunter Atla, Hunter Laga and 2020-built VLCC Hunter Freya. The contract comes &hellip;<\/p>\n","protected":false},"author":1,"featured_media":6479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[3487,1472,3488,1378,1471,198,1914,1365,120],"class_list":["post-6478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-80k","tag-charters","tag-daily","tag-hunter","tag-secures","tag-tankers","tag-trio","tag-usd","tag-vlcc"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/6478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=6478"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/6478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/6479"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=6478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=6478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=6478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}