Siu Fai Ng, chairman of Jinhui Shipping and Transportation, has purchased 6,947 shares in the Hong Kong-based bulker owner.

Ng spent around NOK 63,600 ($7,463) in the transaction, in which shares were purchased at an average price of NOK 9.16 each, an Oslo Stock Exchange filing said.

The acquisition raises Mr Ng’s shareholding to 4,788,620 shares, equivalent to around 4.3%