P&O Maritime Logistics (POML), a wholly owned subsidiary of DP World, has completed the acquisition of a controlling stake in NovaAlgoma Cement Carriers (NACC), an operator of pneumatic cement carriers.

The transaction has received all necessary regulatory approvals and is now fully concluded.

According to DP World, this acquisition strengthens its presence in the breakbulk and dry-bulk sectors, particularly in infrastructure-related cargo flows.

Established in 2016 as a joint venture between Nova Marine Holding and Algoma Central Corporation, NACC specialises in the global transportation of dry-bulk commodities, primarily cement, using vessels equipped with pneumatic handling systems serving key infrastructure markets across North America, Europe, the Mediterranean, South Asia, and the Caribbean.

The transaction excludes NACC’s joint venture interests in Northern Europe, Indonesia, and Greece.

The existing shareholders, Nova Marine Holding SA of Switzerland and Algoma Central Corporation of Canada, retain a significant minority interest.

NACC’s current operational leadership remains in place, with strategic oversight guided by P&O Maritime Logistics.