Fratelli Cosulich has tapped into the sell-off of tankers controlled by troubled Singaporean oil tycoon OK Lim and his Ocean Tankers by acquiring a small bunker vessel.

Joining Fratelli Cosulich’s growing fleet of Singapore-based bunker tankers is the 5,000-dwt Marine Elite (built 2014), which will be renamed Grazia Cosulich.

The acquisition brings the Genoa-based owner’s bunker tanker fleet up to seven vessels.