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September 27, 2018

NASC and PDS establish mini-bulker and MPP vessel pool

NovaAlgoma Short Sea Carriers (NASC) has partnered with Peter Döhle Schiffahrts (PDS) to establish a new platform to focus on consolidation and growth in the multi-purpose project vessel (MPP) and 13,500 to 15,000 mini-grabber dry-bulk markets.

NovaAlgoma Short Sea Carriers (NASC) has partnered with Peter Döhle Schiffahrts (PDS) to establish a new platform to focus on consolidation and growth in the multi-purpose project vessel (MPP) and 13,500 to 15,000 mini-grabber dry-bulk markets.

The new platform, DNA Shipping, will see the creation of the world’s largest mini-grabber pool.

Scheduled to begin operation next month, DNA Shipping will feature 26 vessels, including 13 MPP vessels and 13 mini-bulkers.

Of the total vessels, 12 will be provided by NASC and 14 will be supplied by PDS.

PDS’s current commercial management office in Hamburg, Germany, will manage the MPP vessels, while NASC’s commercial office in Lugano, Switzerland, will supervise the bulkers.

Other partner offices of DNA Shipping in Rotterdam, Netherlands, Miami and Houston in the US, and Dubai, United Arab Emirates (UAE), are also expected to generate cargoes for the pool.

DNA Shipping will also serve the MPP and mini-bulker owners who require commercial management with the aim of expanding their fleet.

“We believe the creation of this new agreement is an exciting first step in bringing consolidation to the fragmented MPP and mini-bulker markets.”

NASC executive chairman Ken Bloch Soerensen said: “We believe the creation of this new agreement is an exciting first step in bringing consolidation to the fragmented MPP and mini-bulker markets.

NASC is a joint venture of Canada’s Algoma Central and Luxembourg-based Nova Marine.

The company’s current fleet of vessels comprises two versions, NovaAlgoma Cement Carriers (NACC) and NovaAlgoma Short Sea Carriers (NASC).

PDS provides a wide range of services to the global shipping industry such as chartering, sale and purchase, in addition to financial, commercial, technical support, insurance, and crew management.

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