IMS of Greece has boosted its fleet with the purchase of a 13-year-old medium-range product tanker from Transpetrol of Belgium.

Sources say the company has bought the STX-built, 46,000-dwt Resolve (built 2004) for between $11.2m and $11.3m, which is slightly higher than expected.

Neither company responded to requests for comment on the deal.

The Resolve will be the newest vessel in IMS’ fleet, which comprises four MR tankers.