A group of shareholders have cashed in their stakes in product tanker owner Hafnia following a volatile period for shipping stocks.

The Singapore-based Oslo-listed owner had indicated on Wednesday that the unnamed group, described as "financial investors", were considering selling out.

On Thursday morning it said the group had sold their entire combined holdings of 11.3m shares at NOK 19 each, giving them proceeds of nearly NOK 216m ($21.2m).