NovaAlgoma JV Wins Long-Term Charter from Lafarge Canada
- Business & Finance
NovaAlgoma Cement Carriers (NACC) informed that its subsidiary NACC Shipping Canada has been awarded a long-term time charter agreement with Lafarge Canada for the provision of a pneumatic cement carrier early in 2018.
To create the new cement carrier, a bulk carrier owned by NACC will be converted into an energy efficient pneumatic cement carrier. The converted ship will have maximum cargo deadweight in excess of 12,500 tons, according to NACC.
As explained, the conversion process will take place over the next ten months, following which the vessel will immediately commence transportation service for Lafarge Canada, under Canadian flag.
The vessel will primarily carry cement from Lafarge Canada’s production facility located in Bath, Ontario to distribution facilities throughout the Great Lakes but it will be also capable of other services for Lafarge, the company said.
NACC Shipping Canada will operate and manage the vessel in Canada.
“NACC is very pleased to be awarded this long term contract with Lafarge Canada following their very rigorous bid process” Wayne Smith, a Director of NACC, commented.
NACC is a joint venture of Algoma Central Corporation and Nova Marine Holding created in early 2016 to build a specialized global fleet of cement carriers.
The joint venture now has a fleet of nine cement carriers, with three cement ship projects being developed.