Lars-Christian Svensen bought shares in 2020 Bulkers and Himalaya Shipping on Tuesday.
Svensen, who is chief commercial officer of both bulker owners bought about NOK 500,000 ($45,000) worth of stock in each company.
He paid an average price per share of NOK 121.7 for 4,100 shares in 2020 shares.
After the transaction, Svensen owns 4,700 shares and 30,000 share options in the company.
2020 Bulkers’ shares have fallen more than 20% since a peak in October.
Bulker company stocks have shown weakness after several analysts downgraded estimates and recommendations.
The 2020 Bulkers stock traded around NOK 123 in the afternoon in Oslo.
Svensen acquired 8,000 shares in Himalaya at an average price of NOK 62.74 per share.
He now holds 9,186 shares and 65,000 share options in the company.
Himalaya shares dropped around 20% since the middle of November.
Svensen left as chief executive of John Fredriksen’s Golden Ocean in May and is now chief commercial officer of 2020 Bulkers and Himalaya Shipping.
From 1 April 2025, he will become chief executive at both companies as current CEO Herman Billung retires.
In November, 2020 Bulkers booked a net profit of $11.6m for the third quarter, up from $5.2m a year earlier.
In October, its fleet of six newcastlemaxes had a gross time charter equivalent earnings of $31,400 per day as the capesize market weakened.
This is down from $36,600 per day on average during the third quarter.
Its ships are on index-linked contracts and have a daily cash breakeven of $11,700 per vessel.
