Greece’s Minerva Marine has contracted Hengli Shipbuilding to construct two crude oil tankers. The deal covers two 158,000-dwt tankers, with a total contract value in the range of around $160m to $200m, according to a Shanghai stock exchange announcement on Feb. 7 by Guangdong Songfa Ceramics Co., Ltd. (Songfa).
Guangdong Songfa Ceramics Co., Ltd. (Songfa) has revealed the signing of two shipbuilding contracts for two 306,000-dwt very large crude carriers (VLCCs) and two 158,000-dwt crude oil tankers with its subsidiary, Hengli Shipbuilding (Dalian) Co., Ltd.
In a Shanghai stock exchange announcement on Feb. 7, the company confirmed that its subsidiary Hengli Shipbuilding signed contracts with Minerva Marine for two 158,000-dwt crude oil tankers. The total contract value is in the range of $160m to $200m. The announcement disclosed that the counterparty is a company under Greece’s Minerva Marine.
The shipbuilder also signed a contract for two 306,000-dwt very large crude carriers (VLCCs) with a well-known Singaporean shipowner at a total contract price of around $200m to $300m. The shipbuilder didn’t disclose details about the shipowner.
Andreas Martinos-led Minerva Marine is a family-owned shipping company founded in Athens, Greece.
Its core business is tanker operation, with a fleet portfolio of around 50 ships (VLCCs, suezmaxes, aframaxes and MRs).
Minerva Marine Inc. was established in 1996 and Minerva Dry Inc. in 2020 in Greece as ship management companies. Minerva Dry Inc. was established with the aim to manage the dry cargo vessels. In total, the two companies have a fleet portfolio of around 70 ships (tankers, dry cargo & container vessels).
