# NovaAlgoma joint venture acquires five vessels from KGJ Cement and Swire Bulk

Algoma Central Corporation and Nova Marine increased investment in their NovaAlgoma joint venture by acquiring three cement carriers from KGJ Cement in Northern Europe and two handy-size bulk carriers from Swire Bulk Holdings. The first vessel was delivered in early February 2022.

- Type: Acquisition
- Announced: 2022-03-10
- Status: completed
- Products: cement carriers, handy-size bulk carriers

## Companies

- [NovaAlgoma](https://endata.com/companies/61536.md)
- [Algoma Central Corporation](https://endata.com/companies/10053.md) (investor)
- [Nova Marine](https://endata.com/companies/61535.md) (investor)
- [KGJ Cement](https://endata.com/companies/61537.md) (supplier)
- [Swire Bulk Holdings Pte. Ltd.](https://endata.com/companies/61538.md) (supplier)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20220310005125/en/Algoma-Central-Corporation-and-Nova-Marine-Increase-Investment-in-NovaAlgoma-Joint-Venture-With-Five-Vessel-Acquisitions), 2022-03-10: "Algoma Central Corporation and Nova Marine today announced an increased investment in their global short sea shipping joint ventures, NovaAlgoma, by acquiring three cement carriers from KGJ Cement in Northern Europe and two handy-size bulk carriers from Swire Bulk Holdings Pte. Ltd."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.