The Hansson family has taken a bit more Nordic American Offshore (NAO).

An unnamed company majority owned by NAO executive chairman Herbjorn Hansson and son Alexander Hansson today bought 150,000 NAO shares at an average of $0.95 per share.

Following the transaction, the Hansson family holds a 13.5% stake in the owner of 10 offshore vessels, NAO said.

Herbjorn Hansson-controlled High Seas in September 2017 upped its stake in NAO to 12.1%,