Norwegian investor Jakob Hatteland is boosting his stake in Oslo-listed bulker owner Belships.
His Hatteland Group is buying 5m shares from major shareholder Frode Teigenat a price of NOK 6 ($0.60) per share.
The deal takes his total holding in the Norwegian shipowner to 11m shares, or 5.18%.
The move comes after TradeWinds reported that Japanese shipbuilder Imabari Shipbuilding had taken a 7% stake in Belships as part payment for a newbuilding.
