Page 4 - 2024 - Q3 - Minerva in Focus

MINERVA IN FOCUS Foreword

Mr Martinos, Managing Director & CEO
of Minerva Marine, and Mr Dimakopoulos, COO,
with the LNGC "Minerva Limnos" crew at Pachi
anchorage, Greece
Foreword On behalf of the editorial team, I would like to extend a warm welcome to

the Q3 2024 edition of Minerva in Focus, which I trust our colleagues and
business partners will find interesting and informative.
We are glad to see that our quarterly magazine is well received both in-
ternally and within the wider maritime industry. Minerva in Focus offers an
insight into our activities onboard and ashore and our company’s projects
and initiatives, and follows new developments in shipping, while simul-
taneously providing a forum for our employees and business partners to
share their ideas and insights. Our magazine is distributed electronically
and in hard copy to all our fleet vessels and offices and is made available
to our business partners.
Out of the many interesting reading materials of this edition, I would like to
make special reference to the sections of the magazine where we present
MINERVA’s newbuilding programme, which currently consists of ten vessels
(2 LNG Carriers, 5 Oil Tankers, and 3 Bulk Carriers) – all set to be built in
high-quality yards in South Korea, China, and Japan, with their delivery
dates spanning from November 2025 until August 2027. Each of these
Sokratis Dimakopoulos, newbuilding projects is a milestone for our company as we further expand
Chief Operating Officer our footprint in existing segments with state-of-the-art alternatively-fuelled
vessels. At the same, we are entering a new segment in the dry bulk market
At Minerva, we closely with the addition of our Handymax vessels.
We are proud that these new vessels embrace advanced design features
follow all legislative, and new technologies to ensure safe, reliable, and efficient operations while
technological, and providing a high-standard working and living environment for our seafarers.
As we know, the current challenging regulatory regime that is related to the
market developments decarbonisation of shipping, the unpredictable geopolitical crisis, and the
increasingly competitive business landscape require a cautious yet innovative
that affect our approach when investing in newbuilding vessels. These vessels will have to
industry, and we possess the correct combination of technical and operational characteristics
to maintain a competitive advantage for several years ahead.
are confident that At Minerva, we closely follow all the legislative, technological, and market
developments that affect our industry, and we are confident that we will
we will continue to continue to make careful and correct decisions in selecting the type, size,
make careful and propulsion fuel, and price for our newbuilding vessels.
I am certain that you will enjoy reading about these matters along with the
correct decisions in other interesting articles featured in the Q3 2024 Minerva in Focus. We will
be happy to provide more information on any topic you find particularly
selecting the type, interesting. We want to thank all of you, onboard and ashore, for your valu-
size, propulsion fuel, able contributions to this publication. For any suggestions/feedback, please
do not hesitate to contact us at Minerva-in-Focus@minervamarine.com.
and price for our As this edition is issued just before the festive season, we would like to
newbuilding vessels take this opportunity to wish all the members of the Minerva seagoing and
shore “family”, as well as our business partners and other stakeholders, a
very Merry Christmas and a happy, healthy, and prosperous 2025!

4 ISSUE 29 / Q3 2024