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

Indonesia’s Sillo Maritime buys LNG carrier for $65 million

Indonesia's Sillo Maritime has purchased a 2009-built liquefied natural gas (LNG) carrier for $65 million.

US weekly LNG exports rise to 34 shipments

US liquefied natural gas (LNG) plants sent 34 cargoes during the week ending June 10, up five cargoes from the week before, according to the Energy Information Administration.

Venture Global wraps up $2.25 billion senior notes offering

US LNG exporter Venture Global has completed its previously announced $2.25 billion offering of senior secured notes.

More News Like This

BW, Minerva take LNG carrier deliveries

BW LNG, a unit of Singapore’s gas shipping giant BW, and Greek firm Minerva Gas, a unit of Minerva Marine, have taken deliveries of liquefied natural gas carriers from South Korean yards.

Maersk confirms NTS order for LNG-powered container vessels

Danish shipping giant Maersk has signed a shipbuilding deal with China's New Times Shipbuilding for LNG dual-fuel container vessels.

Bruton inks LoI to charter LNG-powered VLCC duo

Oslo-listed Bruton has signed a non-binding letter of intent with a trading house to charter its first two LNG dual-fuel very large crude carriers.

Maersk orders more LNG-powered containerships in China

Danish shipping giant Maersk has ordered more LNG dual-fuel containerships in China, according to shipbuilding sources and brokers.