In the teeth of lousy freight rates that have visibly slowed down the secondhand market for tankers, some Greek companies have pursued fleet renewal efforts by disposing of their oldest ships.
Minerva Marine, one of the most consistent tanker sellers in the ongoing slump in the tanker cycle, has offloaded one more vessel.
Earlier this month, the Andreas Martinos-led company deleted the 105,300-dwt Minerva Nike (built 2004) from its website.
