Press

Algoma Central Corporation (TSX: ALC) and Nova Marine today announced an increased investment in their global short sea shipping joint ventures, NovaAlgoma, by acquiring three cement carriers from KGJ Cement in Northern Europe and two handy-size bulk carriers from Swire Bulk Holdings Pte. Ltd. of Singapore. The vessels will be strong additions to NovaAlgoma's already diversified vessel portfolio, which includes cement carriers, mini-bulkers and handy-size bulk carriers....Read More

NovaAlgoma Cement Carriers Limited ("NACC"), has doubled its investment in JT Cement AS ("JT Cement") by acquiring an additional 25% of its share equity from KGJ Cement Holding AS. This brings NACC's ownership in the specialized cement shipping company to 50%, with their partner Erik Thun AB ("Thun") of Sweden....Read More

NovaAlgoma Short Sea Carriers ("NASC"), a joint venture of Algoma Central Corporation ("Algoma" - TSX: ALC) and Nova Marine Holdings SA ("Nova"), today announced they have taken delivery of the Sider Buffalo, a 6,800 deadweight ("DWT") mini-bulker from the Ningbo Xinle Shipyard (the "Shipyard") in China. The Sider Buffalo is the first of six new-build mini-bulkers to be delivered by the Shipyard and is expected to begin service in May, 2020....Read More

Nova Marine Carriers is delighted to announce that NovaAlgoma Cement Carriers Limited ("NACC") has acquired a 25% ownership interest in JT Cement ("JT Cement"), joining KGJ Cement Holdings AS ("KGJ") and Erik Thun AB ("Thun") of Sweden in the shipping company which owns a fleet of seven smaller specialized pneumatic cement carriers....Read More

In January, 2016, Nova Marine Carriers SA and Algoma Central Corporation created NovaAlgoma Cement Carriers. The fleet comprises pneumatic cement carriers that utilize a compressor and pump system to load and unload cement powder....Read More

Nova Algoma Shortsea Carriers continues expansion of their fleet, acquiring another bulk carrier. Delivered on the 25th of January, the 108.21 meter long, 18.48 meter wide and 8048 DWT bulk carrier is already the 4th purchase this year and cements NASC as a major player in the Mediterranean, Black Sea and Northern European markets....Read More