BMZ Group, a company owned by Turkish President Recep Tayyip Erdoğan's son Bilal alongside other family members, has added two product tankers to its fleet of five, local media informed.

The two ships, Armada Fair and Türkter 82, are said to be worth a total of US$36m and have been chartered to Istanbul-based Palmali Shipping on a 10-year contract.

With the most recent purchase. the BMZ's fleet comprises of five tankers.