Indian newcomer Aza Shipping has bought its second suezmax tanker.

Sources say the Mumbai-based company has bought the NKK-built Thera (built 2001), paying $16.5m to Greek owner Kyklades Maritime.

In June the Indian company paid $20m for the 2000-built Sikinos (built 2000).

The company said at the time it planned to buy a couple more ships in the next six to seven months.

Kyklades