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Algoma Central Corporation expands international cement carrier footprint

2018-06-06

McKeil Marine's Evans Spirit  won the International Bulk Journal's 2016 Ship of the Year Award during the IBJ's Salute to Excellence in the Maritime Bulk Industry gala awards ceremony in London, UK on November 21.
"It's a fantastic way to closeout our 60th anniversary year: having a vessel named after our founder, Evans McKeil, win this prestigious international award," said Steve Fletcher, President and CEO of McKeil Marine.
Acquired by McKeil in 2015, the Evans Spirit is a cargo ship with the shallow draught characters of a tug and barge; however, compared to a tug-and-barge unit, she can transport approximately 40 per cent more cargo about 50 per cent faster on a very similar amount of fuel.  She is in service throughout the Great Lakes and St. Lawrence River.
Evans Spirit was shortlisted for 2016 Ship of the Year competing with three other vessels: CS Bright, Mitsui OSK Lines, Japan;  Damen Shipyards, Netherlands; and MN Baroque, Swiss Marine, Switzerland. The award is presented to the owner, operator or builder of an outstanding individual bulk ship. Judged on operational efficiency, design innovation, safety and environmental protection, the Evans Spirit was selected as winner. (Photo Paul Beesley).

Algoma Central Corporation, a leading provider of marine transportation services, announced that NovaAlgoma Cement Carriers Limited (NACC), has acquired a 25% ownership interest in JT Cement, joining KGJ Cement Holdings AS and Erik Thun AB of Sweden in the cement company which owns a fleet of seven smaller specialized pneumatic cement carriers.

The investment will expand NACC's global footprint into the Northern European market where KGJ and Thun have a strong presence and will provide additional strength and flexibility to the fleet's customers.

"This investment will allow us to each apply our experience and knowledge in the pneumatic cement carrier market to create additional shipping solutions to meet the needs of customers," said Ken Bloch Soerensen, President and CEO of Algoma Central Corporation (pictured in photo). "We look forward to working with our new partners to create new opportunities for the JT Cement fleet."

The daily operations of the JT Cement fleet will not change as a result of the NACC investment, with the vessels continuing to be commercially managed by KGJ's office in Bergen, Norway.

"The addition of NACC to the ownership group of JT Cement will strengthen our team and provide opportunities for further growth in the Northern European region," said Petter Tronstad, Chief Executive Officer of KGJ Cement. "We welcome this opportunity to increase the flexibility available to our valued customers."
Based in St. Catharines, Ontario, Algoma Central operates the largest fleet of dry and liquid bulk carriers on the Great Lakes-St. Lawrence waterway

In January, 2016, Nova Marine Carriers SA and Algoma Central Corporation created NovaAlgoma Cement Carriers. The fleet comprises pneumatic cement carriers that utilize a compressor and pump system to load and unload cement powder. This operation is very clean, with essentially no discharge to the atmosphere. Cement shipping is a regionalized market with generally smaller vessels servicing large global manufacturers that support infrastructure investment.  (photo ACC)

 
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