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? Spot pool revenues of USD 1.69m
? Time charter revenues of USD 7.01m
Total operating expenses of USD 6.82m
? Vessel opex incl. insurance of USD 2.33m
? Voyage exp. and commissions of USD 0.56m
? G&A expenses of 0.68m
- USD 0.29m administrative expenses
- USD 0.10m legal expenses
- USD 0.29m non-cash expenses
EBITDA of USD 5.55m
Net profit of USD 0.52m
Average daily earnings of USD 24,100
? Avg. daily spot earnings of USD 18,400
?Avg. daily time charter earnings of USD 26,100
Opex incl. insurance of USD 6,330 per day per vessel
368 available earnings days and 368 opex days
? 92 pool spot days
? 269 time charter days
? 7 “off-hire” days (crew change, bunkering, positioning, etc.)
Fourth quarter cash flow breakeven of approx. USD 21,850 per day
Key events in 4Q 2021
Entered into a 4+4 month time charter for Hunter Disen, which commenced on 27
January 2022. The first four month is for USD 18,000 per day, while the
charterer has the option to extend for another four months as USD 25,000 per day
Subsequent events
Entered into a two 12-month index-based linked charters for Hunter Idun. Hunter
Idun commenced on this charter on January 26th, immediately following the
redelivery of the vessel from charterers to owners
? The charter rate will be calculated on the basis of the daily rate for TD3C
(Saudi-China) plus a small premium, adjusted for the vessels speed, consumption
and fuel type
Entered into a 12-month index-based charter for Hunter Frigg. The charter will
commence immediately upon completion of its current charter
? The charter rate will be calculated on the basis of the daily rate for TD3C
(Saudi-China) plus a small premium, adjusted for the vessels speed, consumption
and fuel type
As of the date of this report, 74% of days in the first quarter of 2022 have
been booked at an average est. dayrate of USD 21,000
? 32% of spot days booked at an avg. est. dayrate of USD 15,320
? Average Q1 TC dayrates of USD 23,560
Contact:
Erik A.S. Frydendal, CEO, ef@huntergroup.no, Ph.: +47 957 72 947
Lars M. Brynildsrud, CFO, lb@huntergroup.no, Ph.: +47 932 60 882
This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.
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