📣 Send us your press release
Site updates every 15 minutes
Construction

Hunter Group ASA Receives Reduced Charter Hire Payment

Hunter Group ASA reported a further reduction in charter hire payments from a contractual counterparty for July 2026. The company remains confident in its legal position.

10 August 2026
Hunter Group ASA Receives Reduced Charter Hire Payment
Image is an AI-generated illustration

Hunter Group ASA has received a reduced payment of approximately USD 7.192 million from a contractual counterparty for July 2026 charter hire. This follows previous announcements regarding the same counterparty's reduced payments for March, April, May, and June of this year.

The counterparty continues to dispute its contractual obligations, leading to the shortfall. However, Hunter Group ASA and its legal advisors maintain that the counterparty's grounds for reducing payments lack merit.

Company announcements regarding this matter have been issued since April 15, 2026. Hunter Group ASA is pursuing legal action to ensure contractual obligations are met.

The company operates in the tanker sector, where charter hire payments are a primary source of revenue. Disputes over these payments can significantly impact financial performance.

Original source: news.cision.com