Norwegian shipping magnate Frode Teigen has bolstered his majority ownership in Belships, which last year merged with his Lighthouse Shipholding.
Teigen-owned Kontrari AS and Kontrazi AS has swooped up 3.4 million shares in the Norwegian bulker player after being forced to make a mandatory offer for the company.
The family bought 12.4 million shares through the offer, bringing its stake to 120.5
