Erik Frydendal

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Erik Frydendal
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Born1972
Oslo, Norway
NationalityNorwegian
OccupationBusiness leader

Erik A. S. Frydendal (born 1972 in Oslo, Norway) is a Norwegian business leader known for his tenure as CEO of Hunter Group ASA, a Norwegian publicly listed investment company. Frydendal became CEO of Hunter Group in May 2018.[1][2]

After Frydendal joined Hunter Group ASA, the company became one of the most discussed and high-profile companies on the Oslo Stock Exchange. The company had several of the most prominent investors in Norway as shareholders, including investor Arne Fredly as the main shareholder.

During Frydendal's leadership, Hunter Group ASA realized significant profits from buying [3]and then selling [4]eight large oil tankers[5][6], leading to substantial shareholder dividends[7][8][9]. From 2023, Frydendal has redirected the company's strategy towards CO2-shipping towards the CCS industry[10] in addition to speculation in tanker rate differences and entering into charter agreements for two VLCC oil tankers.[11][12][13][14]

Frydendal's experience in the capital markets includes senior positions at Fearnley Securities, Swedbank, Fondsfinans, and Nordea Securities in Oslo, as well as Paine Webber Inc (UBS AG) in San Francisco. He holds an MBA from Heriot-Watt University and a B.Sc. in finance from the University of Utah.

References

  1. "NewsWeb". newsweb.oslobors.no. Retrieved 2024-03-11.
  2. Finansavisen: Hunter rekrutterer duo. Toppsjef og driftsdirektør ansatt: https://www.finansavisen.no/nyheter/boers-finans/2018/05/hunter-rekrutterer-duo
  3. Corbett (), Adam (2018-09-20). "Hunter Group aiming to score with speculative DSME order". TradeWinds | Latest shipping and maritime news. Retrieved 2024-03-20.
  4. Rust (b_rust), Bob (2023-02-14). "Hunter Group readies new projects as Fredly sells out and sails on". TradeWinds | Latest shipping and maritime news. Retrieved 2024-03-20.
  5. Finansavisen: Fredly-rederi merker økt interesse for flåten: https://www.finansavisen.no/nyheter/shipping/2022/05/27/7873482/hunter-group-merker-okt-interesse-for-flaten
  6. Rust (b_rust), Bob (2021-06-03). "Oil majors failing to nurture green shipping, says Hunter's Erik Frydendal". TradeWinds | Latest shipping and maritime news. Retrieved 2024-03-20.
  7. Finansavisen: Styrer mot milliardinntjening: https://www.finansavisen.no/nyheter/shipping/2020/01/07/7486724/tankrederiene-styrer-mot-milliardinntjening
  8. "Fredlys Hunter selger skipene for 3,8 milliarder kroner". e24.no (in norsk bokmål). 2022-06-24. Retrieved 2024-03-11.
  9. Finansavisen: Får høyere rater: https://www.finansavisen.no/nyheter/shipping/2021/11/25/7778079/inntektene-stupte-men-fjerde-kvartal-er-nesten-fullbooket
  10. Dixon (g_dixon), Gary (2023-03-06). "Shipless Hunter Group moves into CO2 shipping after selling VLCCs". TradeWinds | Latest shipping and maritime news. Retrieved 2024-03-20.
  11. Finansavisen: Hunter med shippingavtale: https://www.finansavisen.no/shipping/2024/01/17/8083664/hunter-med-shippingavtale
  12. Dixon (g_dixon), Gary (2024-03-19). "Hunter ahead by $13,100 per day after fixing second VLCC back to its owner". TradeWinds | Latest shipping and maritime news. Retrieved 2024-03-20.
  13. Dixon (g_dixon), Gary (2024-03-05). "Hunter Group bosses grab big slice of new shares in oversubscribed offering". TradeWinds | Latest shipping and maritime news. Retrieved 2024-03-20.
  14. Walsgård (j_walsgard), Jonas (2024-01-17). "Arne Fredly-backed Hunter Group confirms second VLCC charter in tanker comeback". TradeWinds | Latest shipping and maritime news. Retrieved 2024-03-20.

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