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NovaAlgoma combines vessel platform with Peter Dôhle Group

2018-09-27

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).

NovaAlgoma Short Sea Carriers (NASC), a joint venture of Algoma Central Corporation of St. Catharines, Ontario and Nova Marine Holdings SA, and Peter Döhle Schiffahrts-KG (PDS), have announced the creation of DNA Shipping under a commercial agreement to pursue consolidation and growth within the multi-purpose project vessel (MPP) and 13,500 to 15,000 ton mini-grabber dry-bulk markets. The new entity will result in the creation of the largest mini-grabber pool in the world.

The MPP vessels will be managed by PDS's existing commercial management office located in Hamburg, Germany, while the bulkers will be managed from the NASC commercial office in Lugano, Switzerland.  The joint venture partners' other offices in Rotterdam, Miami, Houston, and Dubai are also expected to produce cargoes for the Pool.

While the business will be managed as two separate commercial fleets, the partners expect to exploit cargo synergies that exist across the MPP and bulker segments and to benefit from the shared best practices of the two companies. The joint venture will also reach out to owners of vessels in the MPP and mini-bulker markets who are in need of commercial management with the objective of expanding the fleet.

The joint venture is expected to begin operation in October and will comprise 26 vessels, including 13 MPP vessels and 13 mini-bulkers. NASC will contribute 12 vessels to the pools and PDS will contribute 14.

 

"We believe the creation of this new Agreement is an exciting first step in bringing consolidation to the fragmented MPP and mini-bulker markets" said Ken Bloch Soerensen, Executive Chairman of NASC. "As our new name suggests, we feel we share DNA, values, and an approach to the conduct of our business with PDS, which leads to a strong foundation for growth", Mr. Soerensen continued.

Jochen Döhle, Chief Executive Officer of PDS elaborated, "We are extremely pleased that PDS and NASC have been able to put this joint venture together in such a short period of time. We share a common vision of the future of this business and we bring combined resources to bear that lead us to be optimistic about our chances of success." (photo Peter Döhle Group)

 
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