BlueMountain has lifted its holding to 7,707,929 shares in the crude specialist giving it a 20.85% stake.

This is up from the 5,891,554 shares BlueMountain founds controlled in October, when the investor disclosed a 15.9% slice.

Feldstein emerged as a TIL stakeholder last September. It is also a major investor in Scorpio Bulkers and DryShips, among others.

TIL shares traded up over 2% at NOK 89.50