Hunter Group ASA

Hunter Group ASA appointed Senior Technical Advisor for Hartree Maritime Partners LLC

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

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