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.

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