P&O Maritime Logistics, a wholly owned subsidiary of DP World, has completed the acquisition of a controlling stake in NovaAlgoma Cement Carriers.
The transaction has received all necessary regulatory approvals and is now fully concluded.
This acquisition strengthens DP World’s presence in the breakbulk and dry-bulk sectors, particularly in infrastructure-related cargo flows.
By expanding into cement logistics, DP World is broadening its end-to-end supply chain capabilities and enhancing service offerings to cargo owners in key growth markets.
Established in 2016 as a joint venture between Nova Marine Holding and Algoma Central Corporation, NACC specializes in the global transportation of dry-bulk commodities primarily cement using modern vessels equipped with advanced pneumatic handling systems serving key infrastructure markets across North America, Europe, the Mediterranean, South Asia, and the Caribbean.
The transaction excludes NACC’s joint venture interests in Northern Europe, Indonesia, and Greece.
The existing shareholders, Nova Marine Holding SA of Switzerland and Algoma Central Corporation of Canada, retain a significant minority interest. NACC’s current operational leadership remains in place, with strategic oversight guided by P&O Maritime Logistics.
