UK shipping fund Tufton Oceanic Assets is arranging bank finance for two secondhand MR tankers bought from an Evangelos Marinakis company.

The shipowner has usually funded acquisitions through equity issues, but this time is tapping an unnamed lender for $60m towards the 50,100-dwt Alkaios and Archon (both built 2016).

The purchase from Capital Ship Management at $73m was first reported by TradeWinds earlier this month.