Minerva Marine takes delivery of its first tanker built at Daehan Shipbuilding

Minerva Marine is a Greek operator of LNG carriers, dry bulk carriers and tankers. Founded in 1996 by Andreas J Martinos, it has long favoured South Korean or Japanese shipyards. Of the current fleet of 59 tankers, only three have been built in China.

Minerva Marine ordered its last series of Aframax tankers at Sasebo in Japan for a reported US$50M. These were delivered in 2018 and 2019.

In May 2019, Minerva Marine returned to South Korea and signed a contract for two Aframax tankers from a new shipbuilding partner, Daehan Shipbuilding, for a reported US$50M each. Despite the complications caused by the Corvid-19 coronavirus restrictions, the first vessel was delivered in January 2021.

Speaking about Daehan Shipbuilding on a local public service television channel MBC, Minerva Marine representative Nikolaos Stamoodis said, “The level of professionalism is very good. The technology used and implemented is to the highest standard,” he said.

The launch of Minerva Alexandra represents the 100th vessel to come out of the mid-sized shipbuilder headquartered in Haenam-gun since the yard commenced building ships in 2008.

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