Clients of Stalwart Management have emerged as buyers of the final two tankers of German shipping company Marenave Schiffahrts, adding to a string of German vessels picked up by Greek shipowners in bank-driven deals.

Stalwart confirms the 68,000-dwt long-range-one (LR1) products tankers Mare Atlantic and Mare Pacific (both built 2001) were delivered to new owners last week.

They were acquired earlier this year in a transaction led by German lender DekaBank for $5.5m