Greece’s Avin International has made two moves in the secondhand market within a few weeks to replace an ageing product tanker with a much younger vessel.

Athens-based brokers have identified the Vardinoyiannis-controlled company as buyers of the 47,200-dwt Ariake Maru (built 2009) for about $13.6m.

This comes just after other brokers reported last month that Avin sold the 47,200-dwt Vera Cruz (built 1999) to Qatari interests for $6.2m.