Evangelos Marinakis’s Capital Maritime and Trading has moved to further take advantage of solid VLCC rates up to around the $100k per day mark, by acquiring 2005-built 300,000 DWT VLCC Jin Ei according to brokers.

Advanced Shipping & Trading and Seasure Shipbroking are both reporting that Capital has acquired the tanker from Japan’s Kyoei Tanker, with Advanced reporting a price of $35m and Seasure a price of $34.5m. The vessel currently has a market value of $35.8m according to VesselsValue.com, up sharply from a market value of $27.2m just six months ago.

The Jin Ei will join six other VLCCs in the Capital Maritime and Trading fleet and leaves Kyoei Tanker with four VLCCs on the water. The Japanese company is awaiting the imminent delivery of three newbuild VLCCs, two from JMU and one from Namura.