ViganBühler GmbHVan AalstSailors SocietyPort of South LouisianaTelestack
  • TBA Group
  • Cimbria
  • Port of Stockton
  • TMS Awards 2023
  • Sailors Society
  • Geneva Dry

SMT and CSL team up in cement shipping JV

SMT and CSL team up in cement shipping JV

(Posted on 09/05/18)

SMT Shipping (“SMT”) and The CSL Group (“CSL”) have announced they have entered into an agreement for CSL to acquire 50% of Eureka Shipping Ltd. (“Eureka”), SMT’s pneumatic cement vessel business.

The new joint venture will allow Eureka and CSL to combine expertise, resources and innovative technologies to expand services to customers in the seaborne cement powder and fly ash transportation markets around the world. CSL’s Australian cement shipping business is not included in the joint venture.

“The joint venture represents an important step in CSL’s strategy to increase its presence in the global construction material sector,” said Louis Martel, President and CEO of The CSL Group. “We are confident that the synergies between CSL and the Eureka team, along with our common values and complementary skills will further strengthen our ability to provide significant value to our customers and an effective platform for growth.”

“SMT Shipping is honoured to partner with CSL in Eureka,” said Mark Voorham, CEO of SMT Shipping.
“We feel the new joint venture will harness the strengths of both respected companies, which will work together seamlessly to serve our clients with the highest levels of service and professionalism.”

“For Eureka Shipping, the partnership with CSL provides a strong, collaborative platform to further invest in innovative logistics solutions to the benefit of our customers in the cement and building materials industries,” added Kai Grotterud, CEO, Eureka Shipping Ltd.

The partnership is a strong strategic fit, leveraging the companies’ respective strengths in the shipping and handling of dry bulk cargos.

There will be no change in the day-to-day management and operation of vessels in the Eureka fleet. The transaction is subject to certain regulatory conditions and is expected to close by end of June.

Eureka Shipping Ltd. operates a fleet of self-unloading cement carriers in the Baltic Sea, the Atlantic Ocean, the Mediterranean Sea, the Caribbean and Asia.

The SMT Shipping Group has, over the past 30 years, built a fleet of about 45 vessels through a number of joint venture companies operating in various bulk commodities markets, focusing on highly efficient geared bulk carriers, floating storage/transhipment terminals and belt-unloaders.

The CSL Group is the largest owner and operator of self-unloading ships in the world. Headquartered in Montreal with divisions operating throughout the Americas, Australia, Europe and Asia, CSL delivers more than 70 million tonnes of cargo annually for customers in the construction, steel, energy and agri-food sectors.

Latest News

INTERCARGO report: Safety gains continue but security threats emerge

(Posted on 15/06/25)

INTERCARGO, the International Association of Dry Cargo Shipowners, reports encouraging progress in bulk... Read more


Marcura and Sedna Partner to simplify maritime workflows

(Posted on 15/06/25)

Marcura and Dataloy Systems have announced a new phase in their long-standing strategic partnership... Read more


Ageing fleet drives surge in number of maritime incidents, says DNV report

(Posted on 06/06/25)

According to DNV’s latest report, Maritime Safety Trends 2014-2024 - Preparing for future risks... Read more


Two Damen Combi Freighters 3850 launched for Fast Lines Belgium

(Posted on 06/06/25)

The second of three Damen Combi Freighters (CF) 3850 has been launched in China for Fast Lines Belgium... Read more


Columbia: Diversity’s ‘forgotten twin’ inclusion must be priority

(Posted on 06/06/25)

Inclusion is every bit as important as diversity in ensuring that shipping becomes a truly welcoming... Read more


Postfix for shipbrokers made simple

(Posted on 02/06/25)

AXSMarine, a pioneer and market leader in the provision of advanced solutions and market intelligence... Read more


Veson Nautical and Great Eastern Shipping go live with IMOS Platform

(Posted on 30/05/25)

Veson Nautical, a global leader in maritime data and freight management solutions, and The Great Eastern... Read more


Columbia Group welcomes alignment on ETS

(Posted on 30/05/25)

Columbia Group has welcomed the UK government’s announcement to link its emission trading system... Read more


Damen completes green retrofit project for BAM Shipping

(Posted on 15/05/25)

Damen Shipyards Group, together with partners including Atal Solutions has completed its retrofit of... Read more


NORDEN expands MPP fleet, reinforcing growth in Projects & Parcelling

(Posted on 15/05/25)

NORDEN has announced that it has signed agreements for two additional 17,500 dwt Multi-purpose (MPP)... Read more


TMS Awards 2023Geneva DryPort of StocktonCimbriaTBA Group
  • Bühler GmbH
  • Vigan
  • Telestack

Subscribe to our newsletter

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