NovaAlgoma Cement Carriers and DP World to form a joint venture.

NovaAlgoma Cement Carriers, a transportation joint venture of dry-bulk commodities between Algoma Central Corporation and Nova Marine, and DP World, a multinational logistics company, agreed to form a joint venture. Financial terms were not disclosed. “This marks an exciting next step for NovaAlgoma and a significant opportunity to grow the business. DP World brings strong market presence around the world, including in regions we’ve yet to enter. We’re confident this partnership will open new doors and take NACC to even greater heights,” Gregg Ruhl, Algoma President & CEO.