Hunter Group ASA appointed Senior Technical Advisor for Hartree

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HUNT 24.10.2018 kl 08:40 898

October 24, 2018 - Hartree Maritime Partners LLC have appointed Hunter Group ASA
as their Senior Technical Advisor. Hunter Group ASA will provide technical
newbuild supervision services in respect of Hartree's four VLCC vessels to be
constructed at Daewoo Shipbuilding & Marine Engineering Co. Ltd., between
November 2018 and April 2020. The Senior Technical Advisor will use its best
efforts to ensure that the Hartree Vessels and the Hunter Vessels are identical
to the maximum extent possible.

"Hunter Group is very pleased to have been given the opportunity to provide
newbuilding supervision services to Hartree. We believe this agreement will
provide both companies with significant cost savings and synergies. Our
experienced technical team is now responsible for the building supervision of 11
"sister vessels" all to be constructed at "DSME" between October 2018 and August
2020. Hunter Group ASA is also very pleased to have found a partner that shares
the same high standards in business practices and we look forward to working
with Hartree on this venture," says Erik Frydendal, CEO of Hunter Group.

"Hartree Maritime Partners LLC is equally pleased to be working with Hunter
Group ASA in provision of technical newbuild supervision for the construction of
the eleven sister DSME VLCC vessels. It is Hartree and Hunter's intention to
form a new scrubber fitted pool to operate this fleet of eleven eco VLCC
vessels. By combining Hartree's global Trading and Chartering experience and
Hunter's technical knowledge this pool will serve to minimize operational costs
whilst maximizing earnings. We will be working with other scrubber fitted VLCC
operators to expand this pool," says Guy Merison, managing director of Hartree
Maritime Partners.

Contacts:

Erik Frydendal, CEO of Hunter Group ASA
Ph.: +47 957 72 947
E-mail: ef@huntergroup.no


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