Athens-based shipowner and operator Minerva Dry Incorporation is planning to acquire 2009 built capesize bulk carrier 179K DWT MV Dong-A Eos, 2010 built capesize bulk carrier 179K DWT MV Dong-A Oknos, and 2010 built capesize bulk carrier 179K DWT MV Dong-A Astrea for around $27 million each from South Korean shipowner and operator Dong-A Tanker Corporation. Athens-based shipowner and operator Minerva Marine is about to complete one of the largest ship expansion moves. Andreas Martinos-led shipowner and operator Minerva Marine is predominantly known as a tanker shipowner and operator. Athens-based shipowner and operator Minerva Marine especially concentrate is on aframax tankers. Currently, Andreas Martinos-led shipowner and operator Minerva Marine has 27 tankers in the company’s mixed fleet. In 2020, Athens-based shipowner and operator Minerva Marine established a dry bulk unit called Minerva Dry Incorporation. In 2021, Minerva Dry Incorporation acquired 2011 built capesize bulk carrier 169K DWT MV Pantariste (ex MV Jabal Nafusa) and 2010 built capesize bulk carrier 169K DWT MV Minerva Providence (ex MV Cape Providence). If the latest transaction is concluded, the acquisition of the South Korean shipowner and operator Dong-A Tanker Corporation trio would increase Minerva Dry Incorporation’s capesize fleet to eleven (11) large bulk carriers. Furthermore, Andreas Martinos-led shipowner and operator Minerva Dry Incorporation owns and operates another two (2) 85K DWT post-panamax bulk carriers. In 2019, Andreas Martinos-led shipowner and operator Minerva Dry Incorporation took delivery two (2) 85K DWT post-panamax bulk carriers as newbuildings. 27-February-2022