Novaalgoma

Founded in 2016, NovaAlgoma is a joint venture between Nova Marine Carriers SA (Nova) of Luxembourg and Algoma Central Corporation (Algoma) of Canada. NovaAlgoma comprises three fleets: NovaAlgoma Cement Carriers (NACC), NovaAlgoma Short Sea Carriers (NASC) and NovaAlgoma Bulk Holdings (NABH). NovaAlgoma Cement Carriers Limited NACC operates specialized pneumatic cement vessels worldwide. NACC is the largest and most diverse fleet of specialized cement carriers operating globally. The vessels utilize a compressor and pump system to load and unload cement powder; this system is fully enclosed with essentially no discharge to the atmosphere and significantly reduces the carbon intensity of cement transportation versus other modes. Cement shipping operates in regionalized markets in service of large global manufacturers and in support of infrastructure investments. NovaAlgoma Short Sea Carriers NASC comprises owned ships, vessels under third party management contracts, and chartered vessels. The size and configuration of short sea mini bulkers allow cargo to be moved efficiently between coastal and inland ports. The NASC fleet supports the agricultural, cement, construction, energy and steel industries worldwide. NovaAlgoma Bulk Holdings NABH operates handy-size bulk carriers worldwide. The vessels are part of a platform that pursues international sales and purchase opportunities in the handy-size market.