Philip Embiricos-controlled Aeolos Management has bought a second VLCC in two months as it continues to renew its fleet.

European brokers said that the Greek shipowner has purchased Nissen Kaiun's 309,000-dwt Bright Harmony (built 2009) for $41m, which is in line with market expectations.

The sale of the Imabari Shipbuilding-constructed tanker follows recent moves by Aeolos to replace older tonnage with newer vessels.