Arminter S.A.M. is a company established in the Principality of Monaco and active in the shipping industry since 1987.

The core business of the Company was, since the beginning, the full management of tankers and dry cargo ships
In 1994 Arminter S.A.M. and Soponata S.A. (Sociedade Portuguesa de Navios Tanques) of Lisbon created a joint venture, called “Sopotank Marine Inc.”, which operated successfully on the Product Tankers market till the year 2001, when Soponata S.A. decided to leave the Product Tankers market and to concentrate only on the Crude Oil Carriers market.

Until the year 2003, the Company focused on the management of tanker vessels and achieved a very high standard and excellent relationships with the oil companies (particularly with BP, Total, Shell, Conoco and Cepsa) and the oil traders.

In 2001 Arminter, was actively involved, on behalf of its clients, in the construction of five tanker vessels in Hyundai Mipo Dockyard in Korea. These tanker vessels, as listed here below, were managed by Arminter till July/August 2004, when they were sold en-bloc by the Owners to a German K.G. company.

1. MT Flores – SDWT 37.274 mt – built 2001
2. MT Sicilia – SDWT 37.274 mt – built 2001
3. MT Kerel – SDWT 37.274 mt – built 2002
4. MT Giannutri - SDWT 37.274 mt – built 2004
5. New Building Hyundai Mipo Hull No.0206 – DWT 37.000 mt – delivery in Jan. 2005
 
The above mentioned tanker vessels, except for the last one, were chartered by major oil Companies on long term charters (BP chartered MT Flores and MT Sicilia, CSSA chartered MT Kerel and MT Giannutri).

It is worth to point out that the above mentioned vessels, as well as all the other tankers managed by Arminter S.A.M., were always approved by the major oil companies and traders.

In the past 15 years our clients focused more on dry cargo, having bought two vessels, one of which was  a Japanese built Panamax bulker that was taken on long T/C with purchase option in year 2003) when she was built; the option was exercised in October 2009. The vessel was on time charter to a major Chinese charterer since November 2008 until July 2014. In August 2014, Red Iris has been sold and successfully delivered

The other vessel was a Handymax bulk carrier of about 43,000 Dwt, built in 1998 IHI, that was bought by our clients in 2004 and sold in July 2010.

Lately in May 2013 our clients have acquired from Japanese Owners a 2007 Tsuneishi blt Supramax bulk carrier TESS 58 named MV Verdi, which has been sold and successfully delivered to new Buyers on 4th February 2015 having performed several TC’s with very good performances

In February 2017 our clients purchased with some close JV partner a 2006 built Oshima blt 77,000 DWT panamax bulk carrier, which is currently out on TC until About October 2020.