OSM wins VLCC management contract

Jun 14 2019

OSM Maritime has secured a contract for the full technical management of Hunter Group’s VLCCs, currently under construction at Daewoo (DSME).

The Group has eight identical 336 m long tankers, due to be delivered towards the end of 2019 and into 2020. They will be managed from OSM’s office in Arendal, Norway.


“This is the beginning of a strong strategic alliance between two Norwegian headquartered companies with clear global ambitions,” said Hunter Group CEO, Erik Frydendal. “We have our sights set on making a real impact within the segment when the new vessels arrive, and we need a partner with the technical management expertise to really fulfil the potential we see ahead of us.


“After a thorough process it became clear that OSM was to be that preferred, long-term partner. The team has strong global capabilities, a full service, personal approach and the latest technology – to fully optimise operations across the fleet – at their disposal.


“We aim to provide our customers with truly world-class vessels and service, and our stakeholders with optimal returns. To do that we need the best management resource. With OSM on board we have that. I’m looking forward to working together in the coming years,” he said.


Hunter Group’s new tanker fleet were designed to ensure complete compliance with IMO 2020 regulations with Wärtsila.open loop scrubber systems fitted.


“Hunter Group is a bold new player within the VLCC segment and we’re delighted they have entrusted OSM to handle full fleet technical management,” added OSM CCO Tommy Olofsen. “We have a long heritage of successful tanker operations and will be combining that seasoned expertise with innovative technical and data-driven solutions to deliver the best value services for Hunter.


“We believe we can help this ambitious, limber and highly intelligent team gain a strong foothold in the market, showcasing the value and performance capabilities of these new assets. Hunter is an exciting customer, with an exciting vision. It’s an honour to be a trusted partner in this project,” he said.


Previous: DryShips buys remaining Heidmar shares

Next: Gulf of Guinea piracy continues to threaten seafarers

Jun-Jul 2024

Tanker Operator Athens report: managing crewing, training challenges, views on SIRE 2.0