Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Minerva Marine was established in 1996 by Andreas J. Martinos and to this day remains a private and independent company. Minerva quickly grew from a tanker manager of 6 vessels to the committed Aframax operational leader that it is today. Minerva has further expanded its operations to include, from MRs to VLCCs (Chemical Product and crude oil carriers) in the tanker segment, and Capesize in the bulker segment. Today, Minerva has established business with all major oil companies, while it has grown into a valued ice partner for most of the Baltic charterers. The company continues to engage in new business partnerships, having the customers’ ever-changing needs always at the forefront.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back29.09.2023: NACP suspends 5 Greek shipping companies and OTP Bank from the list of international sponsors of war while negotiations are underway.
Russian sanctions provide opportunity for Greek shipowners. Greek shipping companies are making profits by masking the transport of Russian oil. The company's stay at the NACP base has been SUSPENDED for the period of bilateral consultations with the participation of representatives of the European Commission. The National Agency on Corruption Prevention (NACP) returned the status of five Greek shipping companies on the list of "international war sponsors" because they did not meet the conditions agreed during the negotiations to remove them from the list. Greek shippers Minerva Marine, Thenamaris and TMS Tankers have stopped transporting Russia oil in recent weeks, the four traders said.