a joint venture between Nova Marine Carriers SA (Nova) of Luxembourg and Algoma Central Corporation (Algoma) of Canada. NovaAlgoma comprises two fleets: NovaAlgoma Cement Carriers (NACC) and NovaAlgoma Short Sea Carriers (NASC).
The fleet, now the largest in the world, comprises pneumatic cement carriers that utilize a compressor and pump system to load and unload cement powder via a large diameter hose. This operation is very clean, with essentially no discharge to the atmosphere. Cement shipping is a regionalized market with generally smaller vessels servicing large global manufacturers that support infrastructure investment.
The fleet comprises owned ships, chartered vessels, and vessels under third party management contracts. The size and configuration of short sea mini bulkers allow cargo to be moved efficiently between coastal and inland ports; these mini bulkers have capacities up to 15,000 dwt. The NASC fleet supports the agricultural, cement, construction, energy and steel industries worldwide.