Sailors SocietyViganTOC EventsThe Wolfson Centre for Bulk Solids Handling Technology CimbriaBühler GmbH
  • Telestack
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Sailors Society
  • Vigan
  • Cleveland Cascades Ltd
  • TBA Group

NovaAlgoma’s new mini-bulker

NovaAlgoma’s new mini-bulker

(Posted on 06/04/20)

NovaAlgoma Short Sea Carriers (“NASC”), a joint venture of Algoma Central Corporation and Nova Marine Holdings SA has announced they have taken delivery of the Sider Buffalo, a 6,800 deadweight (“DWT”) mini-bulker from the Ningbo Xinle Shipyard (the “Shipyard”) in China. The Sider Buffalo is the first of six new-build mini-bulkers to be delivered by the Shipyard and is expected to begin service in May, 2020.

The NASC new-build programme will see three additional 6,800 dwt and two 8,800 dwt vessels added to the fleet with deliveries scheduled in 2020 and 2021 with the Company holding options for a further six plus six additional units. Despite the economic uncertainty and challenges associated with COVID-19, NASC remains confident in its fleet expansion plan and with the long-term outlook of this business. NASC has committed financing in place to fund the delivery of the remaining firm orders.

“We are proud to have the first delivery completed in this program and thankful to everyone who made it possible during these challenging times. The delivery of a new vessel, particularly at times like these, is an important reminder that brighter times will return and this vessel will be ready to do her part carrying grains and other vital commodities” said Vincenzo Romeo, Chief Executive Officer of Nova Marine Carriers. “The Sider Buffalo is truly a magnificent ship; no detail has been overlooked in developing a modern and highly efficient vessel design and in overseeing its quality construction with our longtime shipyard partners, Ningbo Xinle. The Sider Buffalo and its sister ships will be game-changing, segment leaders in the mini-bulk space,” added Mr. Romeo.

To commemorate the anniversary of Algoma and Nova’s four year partnership and in anticipation of the delivery of the Sider Buffalo, Gregg Ruhl, President and CEO of Algoma Central Corporation presented Giovani Romeo, an Owner of Nova Marine Carriers, with a crystal buffalo during the Marine Club meetings in Toronto in January.

“I want to thank both Giovani and Vincenzo Romeo and their team for all of their hard work on this project. The addition of the Sider Buffalo to the NASC fleet of owned and commercially managed vessels will further distinguish NASC as the carrier of choice in the mini- bulk segment,” said Mr. Ruhl. “The Sider Buffalo’s name has significance for me personally, having been born and raised in Buffalo, New York, but also for this partnership, with the buffalo symbolizing strength, stability and prosperity. Now more than ever our strength will help us overcome these unprecedented times we are all facing, and we will continue to uphold our commitment to delivering essential goods to the world,” continued Mr. Ruhl.

NASC was established in early 2017 and has interests in 15 short sea mini-bulkers ranging in size from 6,000 dwt to 14,700 dwt. Algoma and Nova also have two other joint ventures, NovaAlgoma Cement Carriers (“NACC”) and NovaAlgoma Bulk Holdings (“NABH”). The NACC fleet consists of 18 cement carriers, three of which operate domestically, and a combined vessel platform that services large global manufacturers supporting infrastructure projects. The NABH fleet comprises four deep sea bulkers operating internationally.

Algoma, headquartered in Ontario, Canada, owns and operates the largest fleet of dry and liquid bulk carriers trading on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Algoma also owns and operates ocean self-unloading dry-bulk vessels trading in international markets.

Nova Marine Carriers SA, headquartered in Lugano, Switzerland, operates a varied fleet of modern bulk carriers and belt self-unloading vessels ranging from 5,000 dwt up to 57,000 dwt.

Latest News

Fully digital LNG bunkering comes to Singapore

(Posted on 06/10/22)

Pavilion Energy and DNV have jointly developed a fit-for-purpose LNG bunker digital solution for employment... Read more


ShipMoney extends crew payment solutions to entire BSM fleet

(Posted on 06/10/22)

ShipMoney has expanded its agreement with Bernhard Schulte Shipmanagement (BSM) to include the ship... Read more


SAFEEN strategic agreement to own and operate five bulkers

(Posted on 01/10/22)

SAFEEN Feeders has signed a major agreement with Invictus Investment to launch a new international dry... Read more


World Maritime Day message must extend beyond shipping

(Posted on 01/10/22)

Never has the theme of this year’s World Maritime Day - ‘New technologies for greener shipping... Read more


ClassNK issues AiP for ammonia bunkering vessel

(Posted on 01/10/22)

ClassNK has issued an Approval in Principle (AiP) for an ammonia bunkering vessel (ABV) developed by... Read more


IOMSR strikes four ship deal with MX Bulk

(Posted on 28/09/22)

The Isle of Man Ship Registry (IOMSR) is expanding its fleet after securing a new deal with fellow Isle... Read more


DNV and SIT to promote decarbonization and digitalization

(Posted on 25/09/22)

DNV has signed a Memorandum of Understanding (MOU) with the Singapore Institute of Technology (SIT)... Read more


Fleet pledge to reduce environmental footprint of plastic bottles

(Posted on 25/09/22)

Fleet Management Limited, part of the Caravel Group and the second-largest ship management company in... Read more


Idwal appoints Haysom new CCO as expansion continues

(Posted on 15/09/22)

Idwal has announced that George Haysom has joined the business as chief commercial officer (CCO) to... Read more


Britannia hosts P&I academy for members in London

(Posted on 15/09/22)

Previously known as Members’ Training Week, the Britannia P&I Academy provides a week-long... Read more


Port of South LouisianaTBA GroupCleveland Cascades LtdTelestackPort of StocktonVan Aalst
  • Cimbria
  • Port of South Louisiana
  • Port of Stockton
  • Van Aalst

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping