BW Group-owned tanker company Hafnia has bought back NOK 2.86m ($0.33m) of its own stock.

The company told Norway's OTC market that it purchased 143,000 shares at NOK 20 each.

After the transaction, Hafnia holds 211,479 of its own shares, representing 0.06% of the company.

Hafnia made a profitable start to 2019 in what was its first quarter following a merger with BW Tankers.