After a long period of silence, ADS Maritime Holding suddenly can’t seem to stop splashing the cash in shipping.

The Oslo-listed investment company has announced another deal that sees it take over its parent Arendals Dampskibsselskap’s (ADS Shipping) 5% stake in a fleet of modern shuttle tankers.

The vessels, mainly on long-term charter to Norway's Equinor, are owned by the joint venture AET Sea Shuttle (AETSS) formed by Malaysia's MISC and ADS Shipping in 2012.