Flex, which has two 174,000-cbm LNG carriers due from Samsung in 2017, said Fredriksen’s Geveran Trading had added 15.5m shares to its holding, making the company its biggest investor with 32.02%.

TradeWinds understands most of the shares went for NOK 8 each on Tuesday, meaning a bill approaching NOK 124m ($19.47m).

HBK Master Fund said it had sold its entire slice of 14.99m