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.