Eletson, the Greek shipping firm with offices in London and New York, snapped up four tankers recently from another Greek tanker company, LMZ Transoil, which means the latter have disposed of their entire fleet.

The four ships were built between 2004 and 2006 at Daewoo-Mangali.

They are:

LMZ ARTEMIS - Completed October 2004
LMZ AFRODITL - " June 2005
LMZ NEFELI - " November 2005
LMZ NAFSIKA - " March 2006

The reported sale price for all four vessels is USD260 million.

The Panamax tankers have a gross tonnage of around 40,000 tons.

Pictured is the latest of the vessels, the LMZ NAFSIKA