P&O Maritime Logistics (POML), which is a wholly owned subsidiary of DP World, has completed the acquisition of a controlling stake in NovaAlgoma Cement Carriers (NACC). However, the transaction excludes NACC's interests in joint ventures in Northern Europe, Indonesia and Greece.
Of note is that current shareholders, Nova Marine Holding SA (Switzerland) and Algoma Central Corporation (Canada), will retain a significant minority stake in the company. In addition, NACC's current operational leadership will remain unchanged, although strategic oversight will be provided by P&O Maritime Logistics.
NACC is the world's leading operator of pneumatic cement carriers, having been granted all the necessary regulatory approvals on 3 July 2025. It was founded in 2016 as a joint venture between Nova Marine Holding and Algoma Central Corporation, and specialises in the global transport of dry bulk cargo. However, it concentrates mainly on moving cement, and uses modern vessels equipped with advanced pneumatic systems. It is active in North America, Europe, the Mediterranean, South Asia and the Caribbean.