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Hunter Group to Collect USD 65 Mn for VLCC Instalments

first_imgzoomImage Courtesy: DSME Norway’s Hunter Group ASA is looking to raise up to USD 65 million to finance instalments on seven very large crude carrier (VLCC) newbuilding contracts.The company said that it is contemplating a private placement of new shares for gross proceeds of NOK 520 million (USD 65 million).Apart from financing the instalments for new vessels, the company said it would use the net proceeds for general corporate purposes as well.The private placement will be directed towards investors “subject to and in compliance with applicable exemptions from relevant prospectus or registration requirements.”Apollo Asset Ltd., a company controlled by Arne Fredly, has pre subscribed for and will be allocated offer shares for an aggregate amount of NOK 100 million (USD 12.5 million).Last month, Hunter Group entered into a definitive back-to-back contract transfer agreement with Apollo Asset for the transfer of shipbuilding contracts for four VLCCs. Previously, Apollo had offered to transfer ownership of up to seven VLCCs to Hunter Group.In early May, Hunter Group decided to exercise options for the construction of three additional VLCC at Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME).last_img read more

Detached from praises and pressure while acting

first_imgMumbai: From some of the dialogues to funny memes, his character of Ganesh Gaitonde is one of the popular characters in his career, not only among Indian audiences but also globally thanks to the web TV series ‘Sacred Games’. National award-winning actor Nawazuddin Siddiqui says that when he faces the camera he keeps the praise aside. Talking about the impact of the first reason where he received only positive feedback, Nawazuddin said, “It is overwhelming of course. But when I perform, approach a scene, I detach myself from all the praises, and expectation of people. That is why I do not feel pressured and put my blinkers on to my performance. Praises and good words do not put me in ease to take my performance casually neither does it put any pressure on me.” Keeping himself busy shooting multiple projects and living with several characters in a film, this was the first time in his life that he revisited a character again, for the shooting of the new season. ‘Sacred Games 2’, directed by Anurag Kashyap and Neeraj Ghawyan also featuring actors like Pankaj Tripathi, Kalki Koechlin, Ranvir Shorey, among others.last_img read more