Greece’s Minerva plans to order LNG-powered tanker duo in China

Greece’s Minerva Marine has reportedly signed a letter of intent for two LNG-powered tankers with China’s New Times Shipbuilding, according to brokers.

The LoI is for two 115,000-dwt LNG dual-fuel LR2 tankers, Intermodal, Allied, and other brokers said.

Allied said that the deal is backed by a time charter.

It also said that the vessels are each worth about $76.5 million and are scheduled for delivery in 2027.

Banchero Costa said the delivery of the vessels each worth about $74 million is scheduled for 2026.

Andreas Martinos-led Minerva Marine operates 71 tanker, dry cargo, and container vessels, according to its website.

The company’s LNG unit, Minvera Gas, operates a fleet of five LNG carriers and has two more on order at South Korea’s Samsung Heavy.

In October last year, SHI handed over the 174,000-cbm LNG carrier, Minerva Amorgos, the final LNG carrier in a batch of three vessels.

In addition to these three carriers, Minerva Gas took delivery of two LNG tankers from South Korea’s DSME, now Hanwha Ocean.

Minerva Gas ordered two more LNG carriers at SHI in November last year and these ships are scheduled for delivery in 2026.

Most Popular

GTT opens Qatar office

French LNG containment giant GTT has opened a new office in Doha, Qatar's capital and economic hub. GTT’s chairman Philippe...

BP, partners take FID on $7 billion Tangguh UCC project

BP said in a statement on Thursday the Tangguh Ubadari, CCUS, compression project (UCC) has the potential to unlock...

Pennybacker wraps up acquisition of NFE’s LNG facility in Miami

Pennybacker announced the closing of the deal in a statement on Thursday. NFE said on July 1 that it had...

More News Like This

NTS delivers MSC’s LNG-powered containership

China’s New Times Shipbuilding has delivered MSC's LNG dual-fuel containership, MSC Ivory Coast. NTS hosted the naming and delivery ceremony...

Samsung Heavy kicks off work on Minerva LNG carrier

South Korea’s Samsung Heavy Industries has officially started building a 174,000-cbm LNG carrier for Greek firm Minerva Gas, a...

Germany’s Hapag-Lloyd orders 24 LNG-powered containerships in China

Of these, Yangzijiang Shipbuilding will build 12 vessels each with a capacity of 16,800 teu, according to a statement...

GTT bags services contract from Maran Tankers for LNG-powered vessels

Last year, Maran Tankers ordered eight LNG dual-fuel vessels at China's New Times. Although the future Suezmax vessels will not...