Date: 17 June 2026
Reference is made to the stock announcements published by Hunter Group ASA (the «Company») on 15 April 2026, 18 May 2026 and 9 June 2026 regarding one of the Company's long-term contractual counterparty's reduced payments of time charter hire in March, April and May.
The counterparty continues to dispute its contractual obligations and has failed to pay a total of approximately USD 28,210,000 (plus interest) in respect of hire due under the relevant charterparties and related agreements.
The Company and its legal advisors remain confident that the counterparty has no basis for the reduced payments and that the Company's claims will prevail in full.
In view of the counterparty's continued failure to pay the outstanding amounts, and its failure to engage meaningfully with the Company's repeated demands for payment, the Company has formally commenced arbitration proceedings before the London Maritime Arbitrators Association (LMAA) in London under English law in respect of all outstanding amounts owed. The Company will seek recovery of all outstanding hire, together with interest and costs.
The Company considers that it is acting appropriately in taking all necessary steps to protect its contractual rights and the interests of its investors and other stakeholders.
The Company will provide further updates to the market as appropriate.
Contact:
Erik M. Mathiesen, CEO, erik.mathiesen@huntergroup.no, Ph.: +47 468 20 659