Bjorn Sjaastad has sold his remaining shares of Norwegian chemical tanker owner Utkilen, but continues to be chairman and 10% indirect owner of the company's biggest newest ships.

The annual report for Utkilen for 2020 shows that all shares in Utkilen are now owned by shipowner Ove Utkilen. But Sjaastad remains a 10% shareholder in affiliated Stream Shipping.

In 2018, Sjaastad reduced from 5% to 2% his Utkilen shareholding through his company Spesialtank.