Athens-based ship management company Benetech Shipping has reached an agreement to purchase two medium range (MR2) tankers from South Korea's Hyundai Merchant Marine, according to VesselsValue data.

Under the deal, HMM's Oriental Emerald and Oriental Ruby, each featuring 50,400 dwt, would be acquired by Benetech Shipping for a price of USD 11.2 a piece, slightly lower than their current market value of US$12.1m and US$12.3m.

The 189-meter-long and 32-meter-wide vessels were built by South Korea's SLS Shipbuilding Co.,Ltd and delivered to their owner in May and August 2015, respectively.

With a capacity of 60,378 m3, the tankers would be added to the Greek owner's fleet of eight ships, consisting of six MR2 tankers and two clean tankers.

Once handed over, the ships will be the largest ones in Benetech Shipping's fleet, which currently features 314,700 dwt.