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Minerva Marine sells its oldest capesize vessel

Published by , Assistant Editor
Dry Bulk,


Greek dry bulk owner and operator, minerva Marine, follows other dry bulk ship owners and offloads one of its older capsize vessels, the 15-year-old Sapientza.

The Andreas Martinos-led diversified owner of over 70 ships sold the 15-year-old Sapientza, making it the company’s first listed bulker sale in nearly 10 years.

Brokers in Athens have seen the Jiangnan Shanghai Changxing Shipbuilding-built 177 736 DWT unit go to Chinese buyers for around US$22 million.

According to S&P databases, Minerva's last ship sale was in November 2014, when the 2010-built kamsarmax Panamanian was sold and renamed Fiskardo for US$22.7 million.


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Read the article online at: https://www.drybulkmagazine.com/dry-bulk/22022024/minerva-marine-sells-its-oldest-capesize-vessel/

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This article has been tagged under the following:

Dry bulk shipping market Capesize news European dry bulk news