Nova Marine Carrier teams up with Navesco in the dry bulk business

Nova Marine Carrier teams up with Navesco in the dry bulk business

Lugano-based Nova Marine Carrier and Bogotà-based Navesco have announced the launch of a new joint venture called Nova-Navesco that will operate 20,000 dwt up to ultramax dry bulk vessels from and to the Americas.

The two companies have worked together for a number of years on various projects.

“The aim of the new company is to offer a wider range of services to existing clients and create new partnerships with the steel, construction, agriculture and energy sectors” Nova-Navesco said in a statement.

Nova Marine Carriers currently controls a fleet of 60 vessels ranging from 5,000 dwt up to 57,000 dwt bulk carriers as well as a fast growing fleet of cement vessels. Navesco operates in the US Gulf, Caribbean, West Coast, Central and South American markets utilising a fleet ranging from 3,600 dwt up to 14000 dwt vessels. Navescos’ main cargoes include general cargo, steels, fertilizer, sugar, grain, coal and cement.

This is the third joint venture Nova Marine has set up in 2016. Last January the shipping group controlled by the Italian Romeo family signed a new alliance with the Canadian company Algoma in the field of cement sea transport; more recently another joint venture called NovaCarisbrooke was set up with the UK-based Carisbrooke Shipping.

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.

Related Posts