Navig8 Chemical Tankers says a major shareholder is potentially looking to offload its 13% stake in the shipowner.

The unnamed party is said to be “exploring the opportunity” to sell up to 5.1m shares in the tanker owner through an accelerated bookbuilding process.

Pareto Securities AS has been retained as manager and bookrunner in connection with the placement, Navig8 said in a regulatory filing.