Velos Tankers, set up by Paschalis Diamantides, has continued to pick up vessels in the secondhand market at pace since making its first acquisition in August.

According to multiple brokers, Velos has acquired 2007-built LR1 Grace Victoria from Japan’s MOL for a price of $15.25m. The price is slightly above the VesselsValue market value of $14.7m.

Velos has been busy growing its tanker fleet since debuting in August and currently has four vessels in its fleet. The Grace Victoria is its second deal with MOL, having acquired sister vessel Breezy Victoria (renamed Velos Ruby) in August for $13.5m.