Clarksons director Peter Backhouse has invested over $135,000 in the shipbroker’s stock.

BP veteran Backhouse, who has been on the Clarksons board since 2013, snapped up 4,000 shares at £24.59 each on Friday, a statement said.

His £98,360 ($135,348) investment takes his overall holding in Clarksons to 10,000 shares, worth £245,990 in total at the latest purchase price.

Shares in the world’s largest shipbroker were trading at £24.25