New York investor QVT Family Office has sold a substantial piece of its Okeanis Eco Tankers shareholding after a steady increase in value at the VLCC and suezmax owner.

The fund managed by Daniel Gold-led QVT Financial remains the second-largest shareholder in Okeanis.

In an announcement to the Oslo Stock Exchange late on Wednesday, Okeanis reported that QVT had sold 415,000 shares, or 1.26%