Greece-based shipping company Enterprises Shipping and Trading has placed an order for two 158,000dwt tankers with South Korea's shipbuilder Hyundai Heavy Industries, according to data published by VesselsValue.

Although the price of the vessels was not disclosed, VesselsValue said that the market value of each of the ships stands at US$58m.

The new ECO Suezmaxes are scheduled to join their owner in 2018.

Enterprises Shipping and Trading operates a fleet of 41 vessels, 24 of which are bulk carriers with a total of over 2.6 million dwt, while the remaining 17 are tankers.

The company's entire tanker fleet features over 1.2 million dwt.