Solstad Maritime chief executive Lars Peder Solstad has offloaded a chunk of stock to settle a tax bill.

His Jarsteinen holding company has sold 2.2m shares in the Norwegian shipowner, which has a 27% stake in newly constituted Solstad Maritime.

Jarsteinen retained Pareto Securities to handle the sale, which took place at NOK 42 per share for proceeds of NOK 92.4m