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Algoma Central Corporation and Nova Marine Increase Investment in NovaAlgoma Joint Venture With Five Vessel Acquisitions
Algoma Central Corporation and Nova Marine Increase Investment in NovaAlgoma Joint Venture With Five Vessel Acquisitions

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 Increases Investment in Northern Europe
NovaAlgoma Cement Carriers Limited Increases Investment in Northern Europe

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 Takes Delivery of New Mini-Bulker
NovaAlgoma Short Sea Carriers Takes Delivery of New Mini-Bulker

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
Novaalgoma Cement Carriers Limited Joins Kgj Cement and Erik Thun AB In North Europe with Investment in JT Cement
Novaalgoma Cement Carriers Limited Joins Kgj Cement and Erik Thun AB In North Europe with Investment in JT Cement

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
Algoma Central Corporation Announces New Novaalgoma Cement Carriers Limited Investment

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
4th Purchase of the year, steady growth continues at NASC
4th Purchase of the year, steady growth continues at NASC

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