Andreas Martinos-led Minerva Marine is the latest Greek shipping company to emerge with dry bulk orders in Japan booked at a time when prices for such ships were hovering just above their lowest level in 14 years.
Athens-based market sources have said that Minerva is behind an order for two 85,000-dwt kamsarmaxes at Sasebo Heavy Industries. The newbuildings are listed as Hull Nos S856 and S857 with delivery in July and August 2019, respectively.
