The Singapore-listed shipowner has confirmed that it has bought a further 960,400 shares for a total of SGD 154,058 ($113,277).
The latest purchases were made on Thursday according to a regulatory filing.
It has now purchased over 3m of its own shares under a stock buy-back mandate introduced in April 2014.
Under that agreement, the Alan Hatton-led shipowner can buy back up to 10% of its 651m issued shares.
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