Greek MR tanker specialist Benetech is continuing a slow but steady expansion drive, adding a 15-year-old product tanker bought from Vietnam’s Bien Dong Shipping.

The Athens-based company has emerged as the new owner of the 45,900-dwt MR2 tanker Biendong Melody (built 2004), a vessel reported sold last month for between $8m and $9m.

The Shin Kurushima-built ship used to be in the fleet of Vinalines, Vietnam's state-owned shipping company, which is known to be selling assets to cut debt, streamline operations and increase its focus...