Hunter’s VLCC charter dispute swells to nearly $68m

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Oslo-listed Hunter Group says unpaid hire in a dispute with an unnamed long-term VLCC charter counterparty has approached $68 million. The counterparty paid about $12.75 million less than due for September, extending a pattern of reduced payments to seven consecutive months.

Norwegian shipping investment company Hunter Group’s dispute with an unnamed long-term VLCC charter counterparty has deepened further, with unpaid hire now approaching $68m after another substantial shortfall in September. The Oslo-listed company disclosed on Friday that its counterparty paid approximately $12.75m less than the amount due for September, marking the seventh consecutive month of reduced …