Algoma Central, Nova Marine to form dry bulk partnership

The new joint venture, which is pending approval, would initially operate 70 bulkers worldwide.    Canadian shipping company Algoma Central Corporation and Nova Marine Carriers SA, a Lugano, Switzerland-based shipping company, have expanded their partnership to include a short-sea, dry bulk shipping venture, the companies said Thursday.
   Dubbed the NovaAlgoma Short-Sea Carriers (NASC), the joint venture, which is pending approval, would initially operate 70 bulkers worldwide, with a maximum total capacity of 15,000 dwt.
   The fleet will consist of owned and chartered vessels, and vessels under third-party management contracts.
   In 2016, the two companies joined together to establish a cement shipping collaboration named NovaAlgoma Cement Carriers (NACC). Each company has a 50 percent stake in NACC, which deploys vessels in various regional markets in Asia and Europe.