NovaAlgoma Short-Sea Carriers adds a mini-bulker

NovaAlgoma Short-Sea Carriers adds a mini-bulker

Lugano-based NovaAlgoma Short-Sea Carriers announced the purchase of a mini bulker from Norwegian Owners Oslobulk.

The vessel previously operating as Sian C and now renamed Sider Venture was built in Japan in 2006 as part of a group of six sister vessels.

“This purchase reunites her with the fove sister vessels already under NASC’s commercial management,” the company said in a statement.

“This move is more than just sentimental, however, it signifies growth for NASC, and is a further step towards the consolidation of the short-sea market.”

Sider Venture’s market value is some $4m according to VesselsValue.com.

It will be the 10th vessel trading in the Mini Grabbers Pool (MGP), a pool of grab-fitted cargo vessels controlled by NASC and operating in the Atlantic, particularly in Europe and the Caribbean.               

NASC was born earlier this year and is a joint-venture between the Swiss shipping group Nova Marine Carriers and Algoma Central Corporation based in Canada.

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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