P&O Maritime Logistics (POML), a wholly owned subsidiary of DP World, has finalised the acquisition of a controlling interest in NovaAlgoma Cement Carriers (NACC), a global leader in pneumatic cement transportation.
The deal has received all required regulatory approvals and is now complete.
The acquisition strengthens DP World’s position in the breakbulk and dry bulk sectors, particularly in infrastructure-driven cargo flows.
Expanding into cement logistics enhances DP World’s end-to-end supply chain capabilities and service offerings in key growth markets.
Founded in 2016 as a joint venture between Nova Marine Holding and Algoma Central Corporation, NACC operates a modern fleet of pneumatic cement carriers serving infrastructure markets across North America, Europe, the Mediterranean, South Asia, and the Caribbean.
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The transaction excludes NACC’s joint venture interests in Northern Europe, Indonesia, and Greece.
Nova Marine Holding (Switzerland) and Algoma Central Corporation (Canada) will retain a significant minority stake.
NACC’s existing operational leadership remains in place, with strategic direction now provided by P&O Maritime Logistics.
