Hafnia chief executive Mikael Skov has sold nearly $16m of the company’s shares in less than a month.

The latest disposal saw the Danish boss offload 1.36m shares granted as options for a total of NOK 79.25m ($7.62m).

The deal followed a sale worth $8m on 7 March.

The price was NOK 58.37 per share, against a trading price of NOK 59.60 in Oslo on Friday morning

Skov was handed options for 595,000 shares on 23 March.

The Singapore product tanker company's chief financial officer Perry van Echtelt was given 129,645 options at the same time.

The share price has jumped from NOK 22.80 in a year.

Strong product carrier markets meant Hafnia’s expanded fleet enjoyed its most profitable year ever in booming 2022 markets.

Fourth-quarter profit was $263.8m, against a loss of $7.9m in the same period of 2021.

This brought the full-year figure to a record $751.6m.

Of this, $402m has gone to shareholders as dividends — a payout ratio of 53.5%.

Revenue jumped to $575m in the final three months, from $244.3m a year earlier.

Hafnia has 115 owned ships and 13 chartered-in.

This week, the company confirmed the sale of two older tankers.

The Oslo-listed tanker giant offloaded two Chinese-built LR1 carriers for more than $23m each.

They were the 77,000-dwt Hafnia Danube and Hafnia Hudson (both built 2007).

The buyer has not been disclosed.