$HUNT.OL

2 stories mentioning HUNT.OLUpdated 1d ago

Every FINWIRES story that references HUNT.OL, newest first.

Hunter Group Starts Arbitration Proceedings Over $28 Million Disputed Charter Hire Claims

Hunter Group (HUNT.OL) initiated arbitration proceedings before the London Maritime Arbitrators Association against a long-term contractual counterparty over the latter's failure to pay $28.2 million in charter hire fees.The maritime and energy-focused investor said Wednesday that the counterparty, which reduced its time charter hire payments in March, April, and May, continues to dispute its contractual obligations and failed to "engage meaningfully" with the company's payment demands.Hunter added that it intends to seek recovery of the entire outstanding amount, plus interest and costs.

$HUNT.OL

Equities9d ago

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

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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