Following the sale of a series of older vessels, Greek shipowner Minoa Marine has signed its first newbuilding contract.
Recently, Greek shipowner Minoa Marine announced it has placed an order with Japan’s Oshima Shipbuilding for one 82,000 DWT Kamsarmax bulk carrier, scheduled for delivery in the first quarter of 2028. The order was signed in 2024 but has only recently been made public.
The order placed with the Japanese shipbuilder marks Minoa Marine’s first foray into the new shipbuilding market. Previously, the company’s fleet expansion was achieved only through the acquisition of second-hand ships. The company stated that it will continue to actively participate in the market and is “committed to finding attractive opportunities”.
Minoa Marine’s new shipbuilding project is proceeding concurrently with the sale of four aging bulk carriers.
Earlier this year, the Panamax bulk carrier Aegea, built in 2000, was sold and is now operated by a Chinese shipowner. The same buyer is also believed to have acquired the Julia, built in 2005, and the Antigoni, built in 2000. Additionally, Minoa Marine has sold the Agnes, built in 1999, this year.
Minoa Marine was established in 2015 and currently operates a fleet of nine bulk carriers, all constructed by Japanese shipyards. According to its official website, the company is committed to steady growth with the goal of developing a hybrid fleet comprising bulk carriers and tankers.