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Hunter Group Says Disputed Charter Hire Claims Rise to $28.2 Million

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Hunter Group (HUNT.OL) said Tuesday that one of its long-term charter counterparties underpaid time charter hire by $10.4 million for May, continuing a dispute over contractual payment obligations.

The latest shortfall increased the total disputed amount to $28.2 million, plus accrued interest. The counterparty had previously made reduced payments for March and April.

The maritime and energy-focused investor said it considers the counterparty to be in breach of contract and will protect its contractual rights.

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