EML Olev (M415) is a Frauenlob-class minelayer of the Estonian Navy Mineships Division.

In 2003, a cooperation contract was signed between the Paldiski city council and the minelayer Olev which gave the vessel a right to wear the Paldiski town coat of arms and to introduce the city in all foreign harbors across the world.

The Olev (M415) was built in West-Germany, in a Krögerwerft shipyard in Rendsburg.

The vessel was launched on 13 December 1966, and she entered service a year later on 21 September 1967.

She then sat "abandoned" in Tallinn Seaplane Harbor till she was towed to Noblessner, where its superstructure got a new coat of paint.