The Global Short Sea Shipping segment comprises three joint ventures with our partner Nova Marine Carriers SA of Lugano, Switzerland. This joint venture has grown rapidly since it began in early 2016 and has enabled us to increase our presence internationally.
NovaAlgoma Cement Carriers, or NACC operates specialized pneumatic cement vessels worldwide. NACC is the largest and most diverse fleet of specialized cement carriers operating globally. The vessels utilize a compressor and pump system to load and unload cement powder; this system is fully enclosed with essentially no discharge to the atmosphere and significantly reduces the carbon intensity of cement transportation versus other modes. Cement shipping operates in regionalized markets in service of large global manufacturers and in support of infrastructure investments.
NovaAlgoma Short Sea Carriers, or NASC comprises owned ships, chartered vessels, and vessels under third party management contracts. The size and configuration of short sea mini-bulkers allow cargo to be moved efficiently between coastal and inland ports as well as higher value product on transoceanic voyages. These mini bulkers have capacities up to 15,000 dwt. The NASC fleet supports the agricultural, cement, construction, energy and steel industries worldwide. NASC currently has 6 vessels under construction.
NovaAlgoma Bulk Holdings, or NABH operates handy-size bulk carriers worldwide. The vessels are part of a platform that pursues international sales and purchase opportunities in the handy-size market.
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