The Vafias Group is taking advantage of 16-year-high tanker prices to offload two aframaxes while building up its bulker fleet with a string of acquisitions.

The Chinese-built ships the Greek family is parting ways with have been trading in its fleet since their delivery as newbuildings 15 years ago.

According to market sources and brokers, the two separate deals are with Chinese buyers and are worth $83m combined.