Minerva Marine orders two additional 3,100 TEU vessels at Penglai Jinglu Shipyard, increasing its fleet to five ships for delivery in 2027-2028.
Greek shipowner Minerva Marine has expanded its orderbook by adding two more 3,100 TEU vessels at China's Penglai Jinglu Shipyard, as reported by Singapore's Splash 247. This latest deal brings the total number of ships in the series to five, with deliveries scheduled for 2027 and early 2028.
The new contracts follow an initial order of three ships placed in October. Market sources indicate that these vessels are based on SDARI's Sealion 2900 design, built to Chittagongmax specifications, with a nominal capacity of just over 3,000 TEU.
Pricing for each vessel is estimated at around US$43 million. Penglai Jinglu has previously delivered similar ships to Denmark's Celsius Shipping, while other Chinese shipyards, including Guangzhou Wenchong, Mawei, and Yangzijiang, are also constructing variants of this design.
Minerva, led by Andreas Martinos, entered the container sector in mid-2023 with two 1,800-TEU Bangkokmax newbuildings. Since then, the company has successfully expanded its boxship fleet to eight units through a combination of newbuildings and secondhand acquisitions.
