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Press Release

Minerva Marine Signs ABS Advanced Solutions Enterprise Asset Management Deal

June 7, 2018

(Athens) Leading ship manager Minerva Marine Inc. will implement an Enterprise Asset Management (EAM) Program with ABS Advanced Solutions in an agreement sealed during Posidonia 2018.

The ABS Advanced Solutions approach is designed to aid owners and operators with managing the entire lifecycle of physical assets to optimize use, reduce costs, and improve vessel reliability and efficiency.

Minerva Marine Signs ABS Advanced Solutions Enterprise Asset Management Deal

The industry-leading program addresses core elements established over more than a decade of experience: asset lifecycle management strategy, organizational readiness, Computerized Maintenance Management System functionality and utilization, planning and scheduling, work management, inventory management, metrics and performance improvement, and maintenance and reliability strategy.

Athens-based Minerva Marine Inc. operates a fleet of 65 tankers and 6 bulk carriers with a total dwt of over 8.5 million tons and 30 of its fleet vessels are classed with ABS.

"Minerva is a first-class ship manager and their implementation of the ABS Enterprise Asset Management program is a powerful endorsement of its capabilities," says Richard Pride, Senior Vice President of ABS Advanced Solutions. "We are looking forward to assisting Minerva on their journey to asset optimization."

Kostas Karathanos, Technical Manager of Minerva Marine, said, "We decided early on to partner with ABS because of the team’s insights into our business processes, their technical expertise and strong EAM experience. We expect the outcome of this work to make a significant contribution to our current efforts on improving the lifecycle efficiency and reliability of our assets."

Sokratis Dimakopoulos, Chief Operating Officer of Minerva Marine, said: "Reliability and Asset Integrity are among our strategic objectives and we are looking forward to working with ABS towards optimizing our existing processes."

To learn more about ABS Advanced Solutions and the EAM Program, please visit

Source: American Bureau of Shipping


About ABS Group

ABS Group of Companies, Inc. (ABS Group) and its operating subsidiaries provide risk management solutions and certification services worldwide that help clients address the safety, integrity, quality and environmental efficiency of critical assets and operations. Headquartered in Spring, Texas, ABS Group operates with more than 1200 professionals across the globe, serving the marine and offshore, oil, gas and chemical, government, power and energy and industrial sectors. ABS Group is a subsidiary of ABS (, a leading marine and offshore classification society.

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