In 2018, a joint venture named NovaAlgoma Cement Carriers (NACC) was established by Swiss-Italian dry cargo operator Nova Marine Carriers and Algoma Central Corp of Canada. This strategic alliance was formed to capitalize on the burgeoning demand for specialized cement transport solutions globally. The collaboration led to the order of the world’s largest cement carrier, reflecting their ambitious vision in the cement logistics sector. NovaAlgoma Cement Carriers (NACC) selected Zhejiang Xinle Shipbuilding, located in Ningbo, for the construction of this record-setting cement carrier. The cement carrier, which will have a deadweight tonnage (DWT) of 38,000, is distinguished not only by its size but also by its innovative methanol dual-fuel technology. This design choice underscores NovaAlgoma Cement Carriers’ (NACC’s) commitment to sustainability and its proactive approach to adhering to stringent environmental regulations. Scheduled for delivery in the fourth quarter of 2026, this vessel represents a significant advancement in cement carrier design, incorporating the latest in maritime fuel technology to reduce emissions. While the financial details of the 38K DWT cement carrier have not been disclosed, the investment highlights the joint venture’s dedication to enhancing operational efficiency and environmental stewardship in the maritime industry. NovaAlgoma Cement Carriers (NACC) leverages the strengths of its parent companies, combining Lugano-based shipowner and operator Nova Marine Carriers’ extensive experience in dry cargo operations with Algoma Central Corp’s expertise in ship owning and management. Together, they focus on providing innovative marine transportation services specifically tailored to the needs of the global cement industry, positioning NovaAlgoma Cement Carriers (NACC) as a leader in this niche market. The formation of NovaAlgoma Cement Carriers (NACC) not only expands their operational footprint but also enhances their ability to serve customers with a fleet of specialized vessels designed for the efficient and sustainable transport of cement and other bulk commodities. 17-July-2024
Lugano-based shipowner and operator Nova Marine Carriers has realized a substantial profit through a swift asset transaction involving a handysize bulk carrier. The Swiss bulk shipping company Nova Marine Carriers successfully sold the Tsuneishi Cebu-constructed handysize bulk carrier, MV Sider Harmony, just four months after its acquisition. 38K DWT MV Sider Harmony, which was built in 2019, had barely integrated into Nova Marine Carriers’ fleet before being sold. Seizing an opportunity presented by the increasing value of bulk carriers, Nova Marine Carriers expediently sold MV Sider Harmony, a handysize bulk carrie it had purchased in November 2023. The sale, amounting to $28.5 million to buyers based in the Middle East, generated a profit for the Lugano-headquartered Nova Marine Carriers, which had originally secured the MV Sider Harmony in November 2023 for approximately $26 million from Orix Corp, located in Tokyo. 10-April-2024
Lugano-based shipowner and operator Nova Marine Carriers continues to actively engage in the ship sale and purchase (S&P) market with its third acquisition of a handymax bulk carrier. This latest purchase follows closely on the heels of its first bulk carrier acquisitions in nearly two years, signaling a renewed and robust interest in expanding its fleet. The newly acquired handymax bulk carrier, the MV Sider Harmony, is a modern handymax bulker with a deadweight tonnage (DWT) of 38K and was built in 2019. This addition not only enhances Nova Marine Carriers’ fleet but also stands as the youngest vessel of its kind in their current lineup. The seller of the MV Sider Harmony is Orix Corp, a Japanese conglomerate. Orix Corp has been gradually reducing its involvement in the shipping sector by selling off several of its modern bulk carriers. This strategy aligns with the conglomerate’s broader efforts to minimize its shipping exposure. Nova Marine Carriers’ acquisition of the MV Sider Harmony marks its third bulk carrier purchase in a span of just a few months, demonstrating the Nova Marine Carriers’ strategic focus on fleet expansion and modernization in the competitive maritime shipping industry. 26-January-2024
Lugano-based shipowner and operator Nova Marine Carriers acquired three (3) handysize bulk carriers 2013 built handysize bulk carrier 39K DWT MV Sider Athena, 2013 built handysize bulk carrier 39K DWT MV Sider Evamaria, and 2014 built handysize bulk carrier 39K DWT MV Sider Toronto from Swire China Navigation. Vincenzo Romeo-led shipowner and operator Nova Marine Carriers paid around $22.5 million for each handysize bulk carrier. In 2021, Lugano-based shipowner and operator Nova Marine Carriers accomplished prosperous asset play sales of handysize bulk carriers. Nova Marine Carriers aims to boost the fleet capacity and deliver the most dependable service to charterers. Lugano-based shipowner and operator Nova Marine Carriers is owned by the Romeo and the Bolfo-Gozzi families. The Romeo family has close ties to the Diamantopoulos family that owns Halkidon Shipping. Currently, Lugano-based shipowner and operator Nova Marine Carriers operates a mixed fleet of 80 vessels. In 2021, Nova Marine Carriers sold eight (8) bulk carriers. 21-February-2022
Lugano-based shipowner and operator Nova Marine Carriers has been selling bulk carriers lately amid increased ship prices. Recently, Nova Marine Carriers sold 2006 built supramax bulk carrier 56K DWT MV Isabella M (ex MV Sider Tis), 2015 built handysize bulk carrier 26K DWT MV Feraset (ex MV Sider Moon), 2015 built handysize bulk carrier 38K DWT MV CL Contigo (ex MV Sider Faioch), and 2016 built handysize bulk carrier 36K DWT MV Ruby Confidence (ex MV Sider Syros). In March 2021, Vincenzo Romeo-led Nova Marine Carriers sold 2013 built handysize bulk carrier 38K DWT MV Sider Mykonos and 2013 built handysize bulk carrier 38K DWT MV Sider Madrid. Currently, Lugano-based shipowner and operator Nova Marine Carriers operates a mixed fleet of 79 ships. 24-November-2021
Lugano-based shipowner and operator Nova Marine Carriers is selling 2013 built handysize bulk carrier 38K DWT MV Sider Mykonos and 2013 built handysize bulk carrier 38K DWT MV Sider Madrid for around $11 million each. In 2018, Swiss-Italian shipowner and operator Nova Marine Carriers acquired MV Sider Mykonos and MV Sider Madrid from Doris Maritime Services. Nova Marine Carriers profited from increasing second-hand bulk carrier values and achieved a successful asset play on MV Sider Mykonos and MV Sider Madrid. Vincenzo Romeo-led Nova Marine Carriers agreed to sell MV Sider Mykonos and MV Sider Madrid to a Chinese shipowner and operator. Vincenzo Romeo has close ties to the Greek Diamantopoulos-family which manages Halkidon Shipping. In 2020, Nova Marine Carriers acquired 2013 built handysize bulk carrier 38K DWT MV Sider Olympia (ex-Glorious Kamagari and 2015 built handysize bulk carrier 38K DWT MV Sider Onda (ex-Vanessa Oldendorff) from Halkidon Shipping. Currently, Swiss-Italian shipowner and operator Nova Marine Carriers controls a mixed fleet of 80 ships. 30-March-2021
Lugano-based shipowner and operator Nova Marine Carriers plans to flip some of the ships in its order for up to 18 mini-bulk carriers. In 2018, Nova Marine Carriers signed a $150 million deal with Zhejiang Xinle Shipbuilding to construct 18 bulk carriers. Originally, Zhejiang Xinle Shipbuilding scheduled the delivery of bulk carriers in July 2019, however, that schedule was postponed after Nova Marine Carriers asked for design adjustments. Nova Marine Carriers believe that short voyages, modern bulk carriers designs make scrubbers unnecessary. However, Nova Marine Carriers is keen to receive the new-building bulk carriers ahead of the implementation of the IMO (International Maritime Organization) 2020 regulation. Nova Marine Carriers built or modified 40 bulk carriers at Zhejiang Xinle Shipbuilding since 2005. Therefore, Zhejiang Xinle Shipbuilding offers flexibility to Nova Marine Carriers for the remaining 12 mini-bulk carriers. Currently, Swiss-Italian shipowner and operator Nova Marine Carriers controls a mixed fleet of cement carriers, handysize bulk carriers, and the short-sea (coaster) bulk carriers. 21-July-2019
Lugano-based shipowner and operator Nova Marine Carriers expands in the grain sector and opened an office in Geneva. Usually, Swiss-Italian shipowner and operator Nova Marine Carriers focus on the steel sector. Nova Marine Carriers’ Geneva office is going to be managed by Cedric Lopresti, a previous trader on the handysize desk of Louis Dreyfus Commodities. Currently, Nova Marine Carriers transport barely 5% of grain. Nova Marine Carriers’ Geneva office be closer to grain charterers. Lugano-based shipowner and operator Nova Marine Carriers holds a partnership with Lugano-based steel trader Duferco. Currently, Nova Marine Carriers is led by Vincenzo Romeo. Vincenzo Romeo’s brother Antonello Romeo and sister Laura Romeo are also managing Nova Marine Carriers. In 2018, Lugano-based shipowner and operator Nova Marine Carriers carried 22 million tonnes of cargo for steel trader Duferco and cement producer Italcementi. Nova Marine Carriers signed partnerships with Algoma Central Corporation and Navesco. Currently, Swiss-Italian shipowner and operator Nova Marine Carriers operates around 100 ships. 19-July-2019
Peter Dohle Schiffahrts (PDS) and NovaAlgoma Short Sea Carriers (NASC) have combined their teams in order to create the world’s largest mini-grabber pool DNA Shipping. DNA Shipping will begin operations in October 2018. NovaAlgoma Short Sea Carriers (NASC) has contributed 12 dry bull carriers and Peter Dohle Schiffahrts (PDS) has contributed 14 dry bull carriers. DNA Shipping will focus on mini-grabbers between around 15,000 DWT. Peter Dohle Schiffahrts (PDS) and NovaAlgoma Short Sea Carriers (NASC) will seek consolidation to the fragmented MPP and mini-bulker markets. DNA Shipping will persuade other shipowners to join the DNA Pool for the commercial management of mini dry bulk carriers. NovaAlgoma Short Sea Carriers (NASC) is a joint venture of Algoma Central Corporation of Canada and Nova Marine Holdings of Switzerland. 19-December-2018
Swiss-Italian dry cargo operator Nova Marine Carriers acquired two (2) handysize dry bulk carriers both 2011 built 29K DWT MV North Wind (ex MV Asian Wind) and MV South Wind (ex MV Asian Prosperity) for about around $9 million each. Lugano-based dry cargo operator Nova Marine Carriers is endeavoring to acquire bulk cement carrier. Swiss-Italian dry cargo operator Nova Marine Carriers largely operates as a joint venture with Algoma Central Corp of Canada under the name of NovaAlgoma Shortsea Carriers. NovaAlgoma Shortsea Carrier’s joint venture has added 4 small dry bulk carriers to its 50-strong fleet in 2018. Besides NovaAlgoma Shortsea Carriers, Swiss-Italian dry cargo operator Nova Marine Carriers and Algoma Central Corp of Canada established another joint venture under the name of NovaAlgoma Cement Carriers which is operating 12 small cement carriers. 12-April-2018