A Greek shipping outfit set up about 10 years ago to invest in distressed bulk carriers and container ships, is now upping its interest in tankers.

Aims Shipping bought its first tanker in the summer of last year, in the belief that product carriers would eventually catch up in the recovery evident in bulkers and boxships.

The company's managers are still of the same view today — and to prove the point, they have agreed to purchase a second such vessel.