Norwegian finance house Pareto Securities has emerged as the buyer of two suezmax tankers from Tsakos Energy Navigation (TEN) in a deal that will see the US-listed tanker owner charter the ships back on a five-year bareboat deal.

The outfit purchased the 164,000-dwt Eurochampion 2004 and Euronike (both built 2005) for $65.2m enbloc, $23m above the market price owing to the charter behind the deal.