Hunter Tankers AS, a wholly owned subsidiary of Hunter Group ASA, is pleased to announce that the delivery process of “Hunter Laga” (NB No. 5460) was successfully completed today at 0700 CET.  Hunter Laga is the third of seven identical ECO design VLCC newbuildings from Daewoo Shipbuilding & Marine Engineering (“DSME”) in South Korea. The remaining four vessels is scheduled to be delivered between March and July 2020. All seven of the Company’s VLCCs are built to the highest standards and will be fitted with scrubbers.

With reference to the sale-and-leaseback transaction announced on 6 September 2019, Hunter Laga was upon delivery from DSME subsequently delivered to and immediately bareboat chartered back from Ship Finance International Limited.

Hunter Laga will join Hunter Atla and Hunter Saga in the Tankers International Scrubber Pool, and will commence trading in the spot market.

About Hunter Group

Hunter Group ASA is a publicly traded investment company listed on the Oslo Axess. Hunter Group currently has 8 high spec VLCC’s with scrubbers under construction at DSME in Korea.