Croatian shipowner Tankerska Plovidba has been building its position in its listed MR tanker spin-off Tankerska Next Generation (TNG).

A series of deals announced to the Zagreb stock exchange in recent days shows the parent tanker and bulker owner has acquired an 11% slice or 962,000 shares in three tranches at HRK 75 ($9.70) each.

This extra shareholding is worth $9.2m