Hunter Group Charter Dispute Claims Exceed $55 Million
Oslo-listed Hunter Group has seen claims in its ongoing VLCC charter disagreement top $55 million following a record monthly payment shortfall in August.
Oslo-listed Hunter Group has reported a further escalation in its protracted VLCC charter dispute, with cumulative unpaid hire claims now surpassing $55 million.
The sharp rise in the aggregate claim follows the largest monthly payment deficit registered since the dispute began. For August, the unnamed long-term counterparty remitted approximately $11.75 million less than the contractual hire amount Hunter Group asserts was due.
August's shortfall marks the sixth consecutive month in which the charterer has delivered diminished payments under the long-term fixture, compounding the financial disagreement between the two commercial parties.
The mounting arrears highlight the deepening impasse over the long-term agreement as the Norwegian tonnage provider continues to pursue the accumulated unremitted charter hire.
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