Okeanis Eco Tankers director Dan Gold's QVT Financial has become the second-biggest shareholder in the Oslo-listed VLCC company.
QVT, of which Gold is the founder and CEO, snapped up 400,000 shares on Friday at NOK 97.25 each, in deals worth NOK 39m ($4.28m).
The company now has 2.08m shares, or 6.34% of the registered capital.
It ranks second behind the Alafouzos family with 56.6%, but ahead of State Street Bank and Trust on 5.04%.
Okeanis said VR Capital Group sold 200,000 shares on the same day, cutting its holding to 1.49m shares or 4.55%.
Joshua Nemser, a portfolio manager of VR Capital Group, is also a member of the board of directors of Okeanis.
The stock was trading up 12.5% at NOK 99 on Monday morning as VLCC rates reached record highs of more than $300,000 per day.
Harvard graduate Gold is a well-known investor in shipping circles.
In May, QVT added 5,000 shares at NOK 70.50 each, raising its overall holding to 1,533,500 shares.
