Tanker group Navig8 has branched out into gas shipping with an investment in Norwegian shipowner Awilco LNG.

Oslo-listed Awilco, which owns two LNG carriers, said that Navig8 group's private investment company Navig8 Topco Holdings had acquired a 13.87% holding.

Indirectly held subsidiaries bought just over 10.2m shares on Wednesday.

The slice is worth NOK 11.63m ($1.17m) based on the closing price of NOK 1.14