Greek shipping company Metrostar Management Corporation has inked an agreement with South Korean Daehan Shipbuilding, according to data from VesselsValue.

Under the contract signed between the parties on April 19, the shipbuilder will construct two Aframax tankers and deliver them to the owner in 2018.

Metrostar Management is paying US$86m for the two ships, which will feature 114,000 dwt each.

VesselsValue data shows that the vessels have a market value of US$39.3m a piece.

The Greek firm earlier purchased a very large crude carrier (VLCC) currently under construction at South Korea's Hyundai Heavy Industries. The 308,000dwt vessel is expected to be delivered in June 2017.