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Norwegian Firm Has $100 Million Riding on Mercuria’s Baltic Case

Bloomberg Markets Saturday 31 October 2026, 11:30 UTC By Archie Hunter and Alex Longley 1 min read
Key Points

EXCLUSIVE Norwegian Firm Has $100 Million Riding on Mercuria’s Baltic Case As lawyers for Mercuria Energy Group presented the commodity giant’s case against the Baltic Exchange this week, a group of smartly dressed Norwegian businessmen listened intently to the arguments from the back of a packed London courtroom. The executives, representing Oslo-listed Hunter Group ASA, have around $100 million riding on the outcome. The company is in a dispute with Mercuria over a charter deal linked to...

EXCLUSIVE Norwegian Firm Has $100 Million Riding on Mercuria’s Baltic Case As lawyers for Mercuria Energy Group presented the commodity giant’s case against the Baltic Exchange this week, a group of smartly dressed Norwegian businessmen listened intently to the arguments from the back of a packed London courtroom. The executives, representing Oslo-listed Hunter Group ASA, have around $100 million riding on the outcome. The company is in a dispute with Mercuria over a charter deal linked to the TD3C index — the global benchmark oil tanker rate that the trading house claims the Baltic Exchange should have suspended because of disruptions caused by the Iran war.
Norwegian (ORG) Mercuria (ORG) Mercuria Energy Group (ORG) the Baltic Exchange (ORG) London (LOCATION) Oslo (LOCATION) Hunter Group ASA (ORG) the Iran war (EVENT)
Originally published by Bloomberg Markets Read original →

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