Hunter Group ASA: Counterparty Reduces Charter Hire Payments
Hunter Group ASA reported that one of its contractual counterparties has again reduced time charter hire payments for August 2026. The reduction amounts to approximately USD 11.75 million.
Hunter Group ASA announced on September 8, 2026, that one of its counterparties has continued to reduce time charter hire payments. The reduction for August 2026 is approximately USD 11.75 million, continuing a trend that began in March.
The company references previous announcements concerning similar payment reductions by the same counterparty for April, May, June, and July 2026. The counterparty continues to dispute its contractual obligations and has not paid the full amount due.
Hunter Group ASA and its legal advisors remain confident that the counterparty's claims lack merit. The company has previously disclosed the impact of this dispute on its financial position and ongoing operations.
The situation stems from a series of consecutive payment reductions initiated in March 2026. Hunter Group ASA has been actively pursuing a resolution to the dispute through legal channels.