Bermudian-based Nordic American Tankers Limited, the oil tanker company, reported that board member Alexander Hansson has bought 115,000 shares in NAT at $2.08 per share.

Mr Hansson is the son of the company’s founder, chairman and CEO Herbjorn Hansson.

Following this transaction, Monaco-based Mr Hansson privately owns 1.75 million shares in NAT, the company said.

Recent purchases by him include 250,000 shares on February 28; 100,000 shares on March 23; and 100,000 shares on March 30.

As in the past, the company said, the Hansson family was the largest private shareholder group in the company.

Shares of NAT were trading at $2.12 on the New York Stock Exchange in early afternoon trading yesterday.