Greek tanker owner Kyklades Maritime has placed an order for two suezmax tankers at Japan Marine United (JMU), according to broking sources.

The deal comes as a further recent slide in the value of the yen against the US dollar, and financing deals, have helped Japanese shipbuilders offer competitive pricing.

Kyklades, the private shipowning arm of the Alafouzos family, is understood to be paying between $81m and $82m for each of the newbuildings.