Monaco-based Gestion Maritime is expanding its fleet with two Hyundai Mipo Dockyard-built handysize tankers from Latvian Shipping.
European brokers say the 37,000-dwt Kazdanga and Kraslava (both built 2007) have been acquired for $11m each.
The price looks to be on the low side of the current market, with VesselsValue estimating the ships are worth between $12m and $13m each.
