Alexander Hansson bought the dip.

Nordic American Tankers announced Hansson, a director and son of chief executive and founder Herbjorn Hansson, bought 50,000 shares of the New York-listed suezmax specialist on Monday for $2.31 per share.

The company's shares closed down $0.15 to $2.21 on Monday, amid a broader downturn in equities markets due to concerns over Chinese developer Evergrande defaulting