Minerva Marine Divests Vintage Ice-Classed Aframax for Over $40 Million
Greek owner Minerva Marine has offloaded the 2006-built aframax Minerva Nounou to Chinese buyers in a deal exceeding $40 million.
Greek shipping company Minerva Marine is capitalizing on firm market conditions by offloading vintage ice-classed tanker tonnage from its fleet.
The Athens-based owner has agreed to sell the 114,850 dwt aframax tanker Minerva Nounou. Built in 2006, the vessel represents an older vintage within the company's tanker portfolio.
Market reports from multiple shipbrokers indicate that the ice-classed vessel has been acquired by buyers in China. The transaction price is understood to be in excess of $40 million.
The sale reflects ongoing demand for vintage, ice-capable crude carriers, providing established operators the opportunity to lock in substantial asset value for older tonnage.
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