- CEO
- Erik Mogens Mathiesen
- Full Time Employees
- 3
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- Dronningen 1 Oslo PS Norway 0287
- IPO Date
- Jun 8, 2007
- Business
- Hunter Group ASA is a Norway-based investment company focused on shipping and oil services, primarily operating very large crude carriers (VLCCs) through back-to-back charterparties. The company holds Hunter Tankers AS, a wholly owned subsidiary that owns and operates a fleet of four identical eco-design VLCCs built at Daewoo Shipbuilding & Marine Engineering in 2019-2020 -- Hunter Freya, Hunter Disen, Hunter Idun and Hunter Frigg -- which are deployed on fixed-rate and index-linked charters; it also owns Indicator AS, a developer of the Badger Explorer technology for hydrocarbon exploration and mapping. Hunter Group ASA, founded in 2003 and headquartered in Oslo, conducts its activities through one operating segment centered on VLCC chartering and related investments, serving international maritime markets with a lean staff of three employees.
In recent developments, the company completed private placements in February and March 2024, raising approximately USD 12 million through 70.9 million shares at NOK 1.75 and additional shares at NOK 1.50 to support vessel operations and growth; it secured a new three-year charterparty for a scrubber-fitted eco VLCC expected for delivery in early 2024. Previously known as Badger Explorer ASA, Hunter Group ASA reoriented its strategy toward shipping investments, listing on Euronext Expand under ticker HUNT.OL.