Hunter Group (HUNT) Investor Presentation summary

Market outlook and fundamentals

• Oil market fundamentals remain strong for 2025, with effective sanctions and disruptions to oil flows impacting supply chains.

• Zero fleet growth is expected before scrapping, tightening vessel availability.

Supply and demand dynamics

• US, Brazil, and Guyana are projected to produce 1.14mbd more than they consume in 2025-26, potentially requiring up to 60 additional VLCCs if exported to the Far East.

• Surplus oil west of Suez and deficits east of Suez drive ton-mile intensive export growth.

Sanctions and compliance

• 10% of the global tanker fleet is on the US OFAC sanctions list, carrying 3.3mbd of crude oil in 2024, mostly to China and India.

• Replacement of Shandong's sanctioned imports with compliant barrels could boost VLCC demand by up to 45 vessels.