Nordic American Tankers Ltd (NYSE: NAT) announced that Vice-Chairman Alexander Hansson purchased 300,000 shares at $5.16 per share, according to a company statement.

The transaction brings Hansson's individual holdings to 5,855,000 shares. The Hansson family collectively owns 11,355,000 shares, representing 5.4% of NAT's total outstanding shares.

The company stated that the Hansson family remains the largest private shareholder group in Nordic American Tankers.

Nordic American Tankers operates as a tanker shipping company. The information was disclosed in a press release from the company.