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Nova Marine and Algoma add two ships

Nova Marine and Algoma add two ships

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Canadian shipping group Algoma Central and its Swiss partner Nova Marine Carriers have just snapped up two ships for the cement and short-sea shipping businesses they are active in through NovaAlgoma Cement Carriers (NACC) and NovaAlgoma Shortsea Carriers respectively (NASC).

The last new entry is the handysize bulk carrier Gagliarda bought from Armamento Setramar of Italy for a price in the range between $4m and $4.5m according to the market value given by VesselsValue.com. The Ravenna-based shipping company linked to the Poggiali family remains with one vessel in their fleet, the small general cargo Pietro Benedetti.

The second recent purchase sealed by NovaAlgoma Cement Carriers regards the vessel already renamed NACC Napoli (ex-Endeavor), a cement carrier with a world record capacity of 28,300 dwt which makes it the new flagship of the NACC fleet. This eight-year-old ship is employed under a 10-year time charter contract with the French cement producer Lafarge.

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Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.

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